SoMa Equity Partners Thinks Tide Is Turning For Record Labels

It has been a little more than a year since SoMa Equity Partners Chief Investment Officer Gil Simon left Apex Capital to focus solely on technology, media and telecommunications investing in February. Inception to date the hedge fund’s Founders share class is up 16.77%, according to a letter to investors reviewed by ValueWalk, while the S&P 500 is up 16.71% and the Russell 3000 Tech index is up 34.68%.

Simon, whose fund has $435 million under management, is excited about the opportunity in the convergence of technology and media, which has undergone a dramatic change with the advent of the Internet...