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McLain Capital 1Q20 letter to investors

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Jacob Wolinsky
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McLain Capital letter to investors for the first quarter ended March 31, 2020.

Q1 2020 hedge fund letters, conferences and more

McLain Capital

McLain Capital Performance and Positioning Summary

For the first quarter of 2020, McLain Capital Fund I, LP returned +4.1%, net of all fees, outperforming our benchmark, the S&P 500, by approximately 25 percentage points. Throughout the first quarter, the fund’s net market exposure ranged from 20% to 35%, net long, with the fund initially positioned with gross exposures of 95% of capital long, 60% short. Given the extraordinary level of volatility in markets and the severe underperformance of many value-oriented strategies, I’m pleased with last quarter’s...

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Jacob Wolinsky is the ex-Founder of Valuewalk.com (founded 2011, sold 2023). He is founder of HedgeFundAlpha (formerly ValueWalk Premium), a hedge fund focused intelligence service for institutional investors. Prior to founding Valuewalk, Jacob worked as an equity analyst covering small caps, a micro-cap analyst, doing member development a large hedge fund community and freelance financial writing. Jacob lives with his wife and five kids in Passaic NJ. - Email: jacob(at)hedgefundalpha.com. For confidential inquires email me for my Signal id. Other methods of secure communication are also available. FD: I almost exclusively avoid the purchase of equities to avoid conflict of interest and any insider information. I only purchase broad-based ETFs and mutual funds. I will disclsoe if I have a stake in any company, but in general avoid