Aristides Capital Has Strong August On Elon Musk Short

When reading Aristides Capital September 4 letter to investors, sent to sometimes ignored email boxes over the Labor Day news dump weekend, the mindset of a hedge fund during a dark period comes to life. Christopher Brown, Aristides Capital managing member, uses the letter to remind investors that all funds have periods of negative returns. It’s not how the fund manager performs during positive market environments that matters most, but how they manage during negative times that matters - although in this case the hedge fund had a really good August.  One theory on hedge fund investment management is to place more significant evaluation weighting on how a fund manager reacts during negative market environments. For Aristides, their recent...