For our third quarter letter, we wanted to try a different format that we have used in past. What follows is a deeper dive into the ten positions that hurt us most in the quarter, a quarter during which we were down 16.5% net versus the S&P 500 down 13.9%. By way of update, in Q4 through November 30th, Owl Creek was up 3.0% estimated net versus the S&P 500 up 10.7%.
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Tiger Legatus Master Fund was up 0.1% net for the second quarter, compared to the MSCI World Index's 7.9% return and the S&P 500's 8.5% gain. For the first half of the year, Tiger Legatus is up 9%, while the MSCI World Index has gained 13.3%, and the S&P has returned 15.3%. Q2 2021 hedge Read More