Highlights: August offered Vailshire Partners LP hedge fund investors exceptionally pleasing results, with monthly returns (net of all fees) of 8.1%. Year-to-date net returns through August 31, 2018 are 14.7%, easily topping our S&P 500 benchmark.
The #FAANGs are generally holding up well, and we continue to benefit from our long positions in each of these technology powerhouse companies, save one: Facebook ($FB). We have been sitting on the sidelines as Facebook continues to struggle with politicians and declining user participation. As usual, we will continue to closely monitor all of our “high-flying,” richly-valued technology stocks (like we always do) and act accordingly.
The US bull market still appears to have room to run, so Vailshire Partners LP remains overweight US equities. Elsewhere, the currencies and equities of emerging markets are extremely bearish, as reflected in our profitable short positions.
How About Our Hedges?
This is an important safety measure for any equities-based, long-short hedge fund, such as Vailshire Partners LP.
As of September 7th, the top five open short positions in our fund are:
5. $BBBY (Bed Bath & Beyond Inc.), up 10.4%.
4. $BUD (Anheuser-Busch InBev), up 12.0%.
3. $YTRA (Yatra Online, Inc.), up 15.9%.
2. $JCP (J.C. Penney Company, Inc.), up 39.1%.
1. $LCI (Lannett Company, Inc.), up 67.3%.
New LONG position(s) in Vailshire Partners LP last week:
Closed LONG position(s):
New SHORT position(s):
Covered SHORT position(s):
Net August returns (through 8/31/18): 8.1%
Net YTD returns (through 8/31/18): 14.7%
Vailshire Partners, LP is an innovative, long-short, healthcare and technology-focused hedge fundbased in Colorado Springs, CO that is managed by Dr. Jeffrey W. Ross. The hedge fund is currently accepting new investments of $1 million or more from approved accredited investors.
Please direct inquiries to Dr. Jeffrey W. Ross at: firstname.lastname@example.org or (719) 330-1640.
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