Aristides Capital: Why some growth stocks are like Ponzi schemes

Aristides Fund LP was up 1.18% for May, while Aristides Fund QP, LP was up 1.21%. For the first five months of the year, the funds are down 4.03% and 4.1%, respectively. Aristides Capital had $135.1 million in assets under management as of June 1. In May, the firm added about 72 basis points of net alpha on a dollar-weighed basis across both funds.

Q1 2020 hedge fund letters, conferences and more

Aristides continues to short a number of growth stocks, even comparing them to Ponzi schemes.

The disconnect

In his May letter to investors, which was reviewed by ValueWalk, Aristides Capital...