Southpoint Capital returned 10% net for the fourth quarter, outperforming the S&P 500's 7.6% gain, the Russell 2000's 6.2% return, and the HFRI Equity Hedge Index's 4.3% return. The firm's two funds averaged 107% long and 58% short during the fourth quarter.
On a gross basis, Southpoint's long positions contributed 16.1% to its fourth-quarter return, while its shorts subtracted 6%. The firm's average long position increased by 14.4%, while its average short rose by 8.7%.
Q4 2022 hedge fund letters, conferences and more
Southpoint Capital declined 3.5% for all of 2022, outperforming the S&P's 18.1% decline, the Russell's 20.5%...
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