The fourth quarter of 2018, especially December, is shaping up to be a sort of measuring stick for hedge fund returns. We’ve been keeping track of the relatively short list of equity funds which posted positive returns for December and for the fourth quarter.
Q4 hedge fund letters, conference, scoops etc
December’s extreme volatility generally meant stronger results for short-sellers, and that’s exactly what we observed in Half Moon Capital’s Q4 letter. However, it seems we now have a fund with even stronger results for the fourth quarter. RBI Capital Management was in the green not only for December but also the fourth quarter, and its short-only fund just edged out Half Moon’s short book performance-wise.
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