New Hedge Fund Launch Blue Eagle Up 7.5% In Its First Ever Quarter Thanks To Short Bets

The hedge fund industry experienced one of its toughest quarters on record in the first quarter of 2020.

Investors withdrew their money at the fastest pace since the financial crisis, and many firms reported double-digit drawdowns during the first three months of the year.

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This was one of the worst times to launch a fund in the past ten years. Brandon Wier and the rest of the team at the Blue Eagle Domestic Fund, started their new investment vehicle at the beginning of January this year.

Outperformance

In the firm's first-quarter letter to investors, a copy of which ValueWalk has been able to review, the team noted that many managers are in business for...