With gross return of 56.4%
New hedge fund Citron owned by Andrew Left, just posted a gross return of 56.4% and a net return of 43.3% in its first year.
For two decades, Left invested his own money. Andrews strategy revolved around targeting companies that are overvalued after working with Citron Research.
Looking more closely at Citron’s first year;
Left also revealed the funds average exposure during 2019 was 75.8% long and 80.3% short.
Big wins for Andrew on the long and short side include;
Long: Bausch Health and Snap
Short: Ligand pharmaceuticals, Jumia Technologies and Grand Canyon Education
Andrew’s success has naturally drawn attention giving his voice and opinions strength. Left entertained the industry by making 3 predictions/statements for 2020.
AlternativeSoft is an award-winning quantitative analytics software specialising in asset selection, portfolio construction and customised reporting. To find out more or register for a free demo, get in touch with our team.
81 Farringdon Street, London,
+44 20 7510 2003+1 917 791 2237