Cooper Creek – Lays Out Short On MAIN Street Capital

The long/short equity value fund Cooper Creek Partners managed to return 0.6% in the first quarter, according to a quarterly investment update reviewed by ValueWalk. Despite gaining more than 7% in February and March, Cooper Creek Partners was barely able to even out the losses incurred in January when it was down 6.4%.

In the last quarterly update, Cooper Creek, which was up 7.3% in 2015, laid out its thesis on Seritage Growth Properties, one of its biggest long positions. The hedge fund's other significant longs are Newcastle Investment, Krispy Kreme Doughnuts, Engility Holdings and the Intertain Holdings.

Cooper Creek bullish on Engility Holdings

The fund talked about its position in Engility Holdings this time, which is...