Stony Point Capital returned 5% in the first quarter of 2020 according to a copy of its first-quarter letter to investors, which ValueWalk has been able to review.
Q1 2020 hedge fund letters, conferences and more
According to the letter, the firm achieves this return with an average net exposure of roughly 46% during the first three months of 2020.
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In comparison, its benchmarks, the S&P 500 and Russell 2000, returned 19.6% and 30.6%, respectively.
Stony Point: Seeking refuge in companies with recurring revenue streams
Like many hedge fund letters...
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