Net Short Hedge Fund Manager Generating Positive Returns For Back To Back Years

Dale Wettlaufer, an associate professor at the Columbia Business School and also the founder and Chief Investment Officer of Charlotte Lane Capital Management, is reviewing the lessons he has learned as a fund manager. After a 2016 in which the short-biased hedge fund was up just 1.84% when the S&P 500 was up 11.95%. Carrying a net short exposure of 19% since early 2014 in a Long / Short strategy can be costly, and July’s loss of -1.1% against the S&P gain of 2.1% has put the New York-based Long / Short fund manager in an apparent reflective mood. In a July letter to investors reviewed by ValueWalk, he laments some of his portfolio decisions like a professor grading a student’s...