Matrix Capital, the hedge fund started by “Tiger Cub” David Goel, returned 8.3% net in the second quarter of 2016, outperforming the S&P 500 index which returned 2.5% over the same period. To the end of June Matrix returned -2.3% net, according to the fund's second quarter letter to investors, a copy of which has been reviewed by ValueWalk.
Matrix’s underperformance this year is a blemish on the firm’s highly impressive record.
Hedge Fund Letters To Investors
Since inception (October 1999) Matrix has produced a return of 446% net to investors, outperforming the S&P 500 which returned a lackluster 125% over the same period. Last year, Matrix produced a net return of 16% for investors with a net exposure of...
