Half Moon Capital, the long/short equity hedge fund specializing in small and mid-cap stocks, returned 9.7% net of fees in the first quarter of 2021 compared to a return of 6.2% and 7.5% for the S&P 500 and HFRI Hedge Fund indices, respectively. The average net exposure of the fund was 51.9% during the period.
Q1 2021 hedge fund letters, conferences and more
In the firm's first-quarter letter to investors, which ValueWalk has been able to review, Eric DeLamarter, Half Moon's managing partner, explained that...