Bronte Capital Feb Update: Gains On Medical Tech, Retail, And Mining Shrots

Bronte Capital Callisto Fund letter to partners for the month of February 2018.

The Bronte Capital Callisto Fund L.P. is a global long/short fund targeting double digit returns over the long term, advised by a performance orientated firm with a process and portfolio that is genuinely different. Objectives include lowering the risk of permanent loss of capital and providing global diversification without the market/drawdown risks typical of long-only funds. A highly diversified short book substantially reduces risk and enables profits to be made in tough markets.

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Check out our H2 2017 hedge fund letters here.

Exclusive: York Capital to wind down European funds, spin out Asian funds

Jeffrey Aronson Crossroads CapitalYork Capital Management has decided to focus on longer-duration assets like private equity, private debt and collateralized loan obligations. The firm also plans to wind down its European hedge funds and spin out its Asian fund. Q3 2020 hedge fund letters, conferences and more York announces structural and operational changes York Chairman and CEO Jamie Read More

In a turbulent month for global markets the Bronte Callisto fund rose by 1.0% (whereas the broad based ACWI global index was down by 4.2%). Despite this steep market decline our long portfolio proved resilient and, although being slightly leveraged, contributed less than half of the fall seen in the ACWI. The longs were more than made up for by our shorts. Major individual contributors were long positions in Herbalife and Interactive Brokers. Australian mining and retail shorts proved useful and a USA medical technology firm, the fund held a short position in, declined by more than 50%.

Bronte Capital Callisto Fund

Bronte Capital Callisto Fund