Riposte Capital a long/short equity fund produced a return of -6.4% in net for its investors during 2016, compared to a return of 12% for the S&P 500 Total Return index. The fund added 0.3% net during the fourth quarter of 2016 as markets rallied according to a copy of the firm’s fourth-quarter and full-year letter to investors copy of which has been reviewed by ValueWalk. The hedge fund was seeded with $50 million from the Libra Group.
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It looks as if Riposte Capital fell victim to rising markets during 2016. On the long side, the fund’s positions produced a return of 15.8% for the year. However, shorts detracted 20.5%. Overall gross returns came...
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