Here’s Why Capital One Financial Corporation (COF) Short Position Detracted in Q4

RiverPark Advisors, an investment advisory firm and sponsor of the RiverPark family of mutual funds, released its “Long/Short Opportunity Fund” fourth quarter 2023 investor letter. A copy of the same can be downloaded here. The fund returned 15.75% in the fourth quarter compared to an 11.69% return for the S&P 500 Total Return Index. For the year, the Fund was up 43.85% compared to a 26.29% index return. The macroeconomic factors drove the stock market in the fourth quarter. In addition,...