Brook Asset Management had a strong first quarter, is shorting This US education stock [Exclusive]

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Michelle deBoer-Jones
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Brook Asset Management was up 7.27% for the first quarter, compared to the MSCI GBT TR Net World Index, which returned 3.96%. For March, the fund was up 1.1%. Q1 2021 hedge fund letters, conferences and more In his March letter to investors, which was reviewed by ValueWalk, James Hanbury of Brook said returns during the first quarter were driven by their long equity book, which contributed 12% but were partially offset by the losses in the short book, which detracted 3.84%. Currency hedges added 0.67%. The long book generated alpha of 4.97%, while the short book generated 0.67% alpha….

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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.