Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Wolf Hill Capital’s Q1 2019 Investor Letter

Wolf Hill Capital is a New York-based young hedge fund that was founded only two years ago. It is managed by Gary Lehrman and Jason Pauley, who both previously worked together at Lombard Odier where they compounded at 16% net for the period between 2008 and 2015. The fund applies a long/short investment strategy, looking for small and mid-cap US companies that are experiencing some type of transformational change. The fund returned 74% since its inception, versus 15% for the S&P 500 over the same period. Recently, Wolf Hil Capital released its Q1 Investor Letter – a copy of which you can download below.

Among other things in the letter, the fund reported launching two hedge funds – Wolf Hill Parnter, LP and Wolf HIll Offshore Fund, Ltd – on February 1st, which have managed to return 6.33% in the first quarter of 2019, compared to 5.22% for the S&P 500.

As we began to put capital to work in February, we were leery of chasing many of our favorite long ideas at prices that had rebounded 20+% off their December lows. Fortunately, the market melt-up created attractive entry points to initiate meaningful positions in several high-conviction short ideas while we opportunistically deployed capital into core long ideas. For our abbreviated quarter, the fund generated 303 bps of net performance on our short book and 330 bps of net performance on our long book. Notable contributors on the short side of the ledger were Westshore Terminals, WageWorks, Pearson, and AK Steel.

You can download a copy of Wolf Hill Capital’s Q1 2019 Investor Letter below:

WHCM 2019 Q1 Letter

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading...