Steel City Capital was up 0.6% for the second quarter, bringing its year-to-date return to 3.3% net. Portfolio manager Michael Hacke said in his Q2 letter to investors, which was reviewed by ValueWalk, that his focus has been on "delayed gratification" because many of his positions likely won't pay off until early in the next decade.
Q2 hedge fund letters, conference, scoops etc
One of the fund's newer positions is a short in
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