Scopia Market Neutral Equity Fund from Tycho Capital reported 2.0% gains in August. The gains neutralized the -2.0% returns in July, to equal the fund's year-to-date (YTD) performance at 0.3%.
The fund employs a market-neutral equity long-short approach, focusing on U.S.-listed mid-cap companies. The investment decisions are made based on the fundamental analysis of positions, utilizing value-driven investment philosophy. The portfolio consists of 20 to 35 long and 25 to 45 short positions.
Also see: Tycho Capital’s Athos Event Driven Fund Lifts YTD Gains To +4.9% on M&A And Arbitrage Strength
Top portfolio positions include NFI Group (TSE:NFI), Corteva (NYSE:CTVA), and Amazon (NASDAQ:AMZN).
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