The flow of Q2 hedge fund investor letters continues, this time with an update from JHL Capital Group. The hedge fund's Classes A and C interests were down 7.2% for the second quarter, while Class B was down 7%. In comparison, the S&P 500 Total Return Index was up 3.4% for the quarter, while the NASDAQ 100 gained 7.3% and the Russell 2000 rose 7.8%.
Founder James Litinsky admitted in the JHL Q2 2018 letter that their results were disappointing, and looking back, he said they "should have been more open-minded in tactically applying our current framework for profits."
"Frustrating times" for JHL in Q2
JHL slashed its gross delta adjusted exposure...
