Long / Short hedge fund manager Michael Rothenberg’s Moab Capital had an “uneventful month” in September with “few meaningful movers” in the firm’s overall portfolio.
According to the firm’s September letter to investors, a copy of which has been reviewed by ValueWalk, Moab made 1.21% from its event driven longs during the month and lost 0.85% on event driven long/short positions giving a net return of 0.36%. Year-to-date the firm has returned 9.4%, compared to a gain on the S&P 500 of 14.2%. Since inception (April 2006), Moab has achieved an annualized IRR of 9.1%.
[klarman]
Event Driven Moab Capital Ups Hedges
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