Senvest Up 11% In H1 After 80% Return In 2013

Richard Mashaal and Brian Gonick’s Rima Senvest Management LLC beat the market in June, gaining 3.7% against the S&P 500 (INDEXSP:.INX)’s 2.1%, putting it up 10.6% through June versus 7.1% for the S&P 500 over the same period. The hedge fund’s June gains made up for its losses the previous month and put it back on track to maintain its 20.7% annualized returns since inception in 1997. The star Canadian hedge fund returned a whopping 80% in 2013.

Senvest explains its investment in YRC Worldwide

In this month’s investor letter Mashaal and Gonick gave a more detailed explanation of why they added less-than-truckload (LTL)...