Teton Capital Sees Google Going To $2,022 – Q3 Letter

Since 2011, Teton Capital Partners has only reported one down year. But this could be about to change. According to the partnership’s September 2016 quarter-end report, a copy of which has been reviewed by ValueWalk, the billion dollar long/short fund is down 2% year-to-date. The hedge fund, which has produced a compound annual return for investors of 18.7% since inception, returned 1.84% gross and 1.84% net to its investors for the month of September making up for some of the losses suffered earlier in the year.

Still, as ValueWalk reported at the beginning of September, Teton Capital, which is run by  Kleinheinz Capital “cub” Quincy Lee, believes that it’s performance for 2016 has been impacted by shorts where trading in the...