Backbone Capital was down 0.57% for March, bringing its year-to-date return to 8.8%. In the firm’s March letter to investors, which was reviewed by ValueWalk, the Backbone team noted that both the market and volatility declined in the last week of the month. However, their models adapted well to the “peculiar environment with more neutral exposures.” Q1 2021 hedge fund letters, conferences and more Reassuring the market The Backbone team noted that some good economic news was needed after the recent unexpected blockage in the Suez Canal and the disaster at Archegos Capital. The good news has come in several…
This Hedge Fund Has Done Well In This “Peculiar Environment”
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.
