Whitney Tilson’s newlsetter for May is out.
Amidst the worst May for the Dow Jones Industrial Average in 70 years and the worst month for the markets since the depths of the crisis in February 2009, our fund held up quite well, declining 2.8% net vs. -8.0% for the S&P 500, -7.6% for the Dow and -8.2% for the Nasdaq. Year to date, our fund is up 5.1% net vs. -1.5% for the S&P 500, -1.6% for the Dow and -0.2% for the Nasdaq.
The Delbrook Resources Opportunities Master Fund was up 9.2% for May, bringing its year-to-date return to 33%. Q1 2021 hedge fund letters, conferences and more Dellbrook is an equity long/ short fund that focuses exclusively on the metals and mining sector. It invests mainly in public companies focused on precious, base, energy and industrial metals Read More
Below is the newsletter