GMT Capital’s Bay Resource Fund Hit By Consumer Short Bets, Probably Tesla

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Michelle deBoer-Jones
Published on
Updated on

GMT Capital has released its June letter for the Bay Resource Partners Funds. Like many of the hedge funds ValueWalk covers as of late, Bay Resource Partners continues to underperform the S&P 500. The fund was down 3.3% net for June as the losses in the first half of the month outweighed the gains in the second half. In 2018 through the end of June, Bay Resource is down 4% net, compared to the S&P 500’s 2.6% gain year to date. Bay Resource Partners Fund loses evenly on long, short books Bay Resource is headed up by President and Senior…

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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.