Glen Kacher's Light Street long/short fund returned 18.1% during the first quarter of 2020. That's compared to a loss of -19.6% for the S&P 500 and - 13.9% for the Nasdaq Composite over the same period, according to a copy of the fund's first-quarter letter to investors, which ValueWalk has been able to review.
Q1 2020 hedge fund letters, conferences and more
In comparison, Light Street's long-only fund lost -8.9% during the first three months of 2020.
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Shorts help cushion losses
The short portfolio led the long/short strategy's performance during the first quarter. Shorts produced a 27% gross attribution...
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