Thanks In Part To Spinoffs, Israeli Value Hedge Fund Grows 40-Fold In Five Years

Eden Alpha, the long/short value hedge fund managed by Nathanael Dreyfuss, Assaf Nathan and Yaniv Uliel according to the principles set out by Benjamin Graham had a fairly subdued 2016. In comparison to the fund’s prior year’s, 2016’s returns are poor as the fund only generated a net return of 8.5% according to Eden Alpha’s full-year letter, a copy of which has been reviewed by ValueWalk. The fund was hurt in part by undisclosed shorts and plans to pare back shortsales in the future, according to the memo. The letter reasons as follows:

2016 Hedge Fund Letters

Holding short positions is more of a hedge-fund marketing gimmick rather than an approach that can sustainably create value

Some short-sellers would disagree...