Long/short equity fund Southpoint Capital returned 14.7% in the fourth quarter of 2020, and 28.6% for 2020 as a whole, that's according to a copy of the firm's annual letter to investors, which ValueWalk has been able to review.
Q4 2020 hedge fund letters, conferences and more
This return compared to a 12.1% gain in the S&P 500 and a 31.4% gain in the Russell 2000. During the fourth quarter, the $4.4 billion fund was on average 134% long and 75% short. On a gross basis, long positions added 31.3% to the quarterly return and short positions subtracted 13.4%.
Southpoint's average long increased in value by 23.8% and average short...
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