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%.

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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%....

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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.