Nokomis Capital's flagship master fund returned 3.8% net in the third quarter according to a copy of the firm's latest investor update, which ValueWalk has been able to review.
Despite this positive performance, the long-short equity hedge fund remained down -26.7% for the year to the end of September.
Founded by Brett Hendrickson in 2008, Nokomis favors companies involved with consumer products, energy, and technology. Although the firm follows a long-short strategy, Hendrickson has previously admitted that he prefers shorting stocks more than going long.
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According to investor documentation, at the end of September, the fund had net exposure of...
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