Hedge Fund Blames ETFs For Poor Company Performance

Long / Short hedge fund Moab Capital lost just under 1% in April thanks to whipsawing markets according to fund manager Michael Rothenberg.

However, while increased volatility has impacted short-term performance, the firm's April letter to investors, a copy of which has been reviewed by ValueWalk, notes, "Volatility typically benefits our strategy, and we believe this recent volatility will help us in the long run."

Moab focuses on finding hidden value, stocks that fly under the radar of Wall Street and are overlooked by the rest of the market.

If you’re looking for value stocks, and exclusive access to value-focused hedge fund managers, check out ValueWalk’s exclusive value newsletter, Hidden Value Stocks. 

One such position is Viad, an "international experiential services...