Dane Capital Management, a New York-based hedge fund that focuses on value and special situations investments, recently published its 2018 Q1 investor letter – you can download copy below.
The fund reported a loss of 14.7%, net of fees and expenses, for the first quarter of 2018. Last year, the fund reported a 50.2% return, net of fees and expenses – so this clearly is a very disappointing performance.
“Our 1Q performance reflects the decline in a large number of our holdings for...
