Hawk Ridge returned -1.5% for the third quarter, which was only slightly better than the S&P 400's -1.8% return. The fund's average net exposure during the quarter was 50%, while its average gross exposure was 142%.
Q3 2021 hedge fund letters, conferences and more
As of the end of September, Hawk Ridge had a gross exposure of 147%, slightly higher than its historical norm of 120% to 130%. The fund's management attributed the slightly higher gross exposure to a larger number of long and short ideas and the growth and maturity of their investment team, which has grown to eight individuals.
Hawk Ridge utilizes a long/ short equity strategy to identify...
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