Moab Capital Partners, the event-driven, value-oriented hedge fund managed by Michael M. Rothenberg lost 4.42% during October after deducting fees, outperforming the broader market. In comparison, during October the S&P 500 declined 6.8%, and the Russell 2000 slumped 10.9%.
Event-driven long positions detracted 6.52% while event-driven shorts and hedges produced a positive return of 2.1%.
Q3 hedge fund letters, conference, scoops etc
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In the firm's October tear sheet, a copy of which has been reviewed by ValueWak, Moab claims that the firm has been positioning...
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