Anthony Bozza‘s Lakewood Capital Management suffered a net loss of 1.2% in Q2, being dragged down by its short positions in particular, including in electric automaker Tesla, Inc. (NASDAQ:TSLA), which gained 7% in the first-half of 2018.
The fund believes that the market’s taste for speculative growth stocks presents challenges to its value-based long/short approach, but was nonetheless extremely confident on the prospects of its portfolio heading into the second-half of this year. In fact,...
