Nishkama Capital Fund Series A was down 6.5% for the first quarter, compared to the S&P 500's 19.6% decline and the Nasdaq's 14% decline. Nishkama averaged 25% net exposure and 91% gross exposure for the quarter. The fund's longs generated a gross performance of -13.4%, while its shorts generated a performance of 7.2%. Its average long was down 23.1%, while its average short was down 21.7%.
Q1 2020 hedge fund letters, conferences and more
The wrong kinds of positions
In his first-quarter letter to investors, which was reviewed by ValueWalk, Ravee Mehta of Nishkama Capital said they had the wrong...
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