The end of 2018 brought a return to reality in the form of a steep bear market for equities. Of course, it created a nearly impossible situation for many funds on the long side, but it was actually good news for some short-sellers. Lakewood Capital was one of those which managed to capitalize on the tumbling stock market through several key short positions.
Q4 hedge fund letters, conference, scoops etc
Lakewood Capital sees strong returns on shorts
Reputable short-seller Anthony Bozza said in his annual letter for the fund that their short positions generated a return of 34% for the fourth quarter. However, the strong results from their short portfolio toward the end of the year have them treading lightly now.
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