GrizzlyRock Sells “Over Earning” Companies Leading To Positive Return In Q4

Kyle Mowery's GrizzlyRock Capital added 0.4% net of expenses in the fourth quarter of 2018. The value-focused firm managed to achieve this return despite a -13.5% decline in the S&P 500 and -20.2% decline for the Russell 2000.

Q4 hedge fund letters, conference, scoops etc

According to Mowery's letter to investors, a copy of which has been reviewed by ValueWalk, GrizzlyRock's short portfolio was the fund's main quarterly return driver, producing a 31% return on capital with a 56.9% average gross exposure for a 17.6% gross return. In comparison, longs returned an average of -16.7%.

GrizzlyRock kept its head above water in the fourth quarter, but for...