Half Moon Capital Has Strong Q1 2018 Thanks To One Position Up Over 230% In 2018

The first quarter was a very difficult one for the markets in general and, by default, most hedge funds as well. However, Half Moon Capital Partners pulled out a strong performance for Q1 2018, returning 2.7% net of fees. For comparison, the S&P 500 was down 0.8%, while the Russell 2000 was down 0.1% and the HFRI Hedge index was up 0.7%.

Half Moon's long positions gained 6.9% in Q1, while its short book lost 1.1%. The firm averaged 57.8% long exposure and 21.4% short exposure in Q

Half Moon Capital Q1 letter highlights one big gain

ValueWalk obtained and reviewed the Half Moon Capital Q1 2018 letter, and it's clear right off the start that one stock in...