Reuven Capital Up Nearly 40% After Big Q3

Oct 28 2013 | 12:00pm ET

Reuven Capital Investments must have been sad to see the third quarter go.

The New York-based hedge fund returned 29.92% in July, August and September, including a 17.2% surge in the latter, ValueWalk reports. The firm's flagship fund is now up 38.98% on the year.

In its letter to investors, Reuven noted that one of its largest long positions, in organic food company SunOpta, received a large amount of coverage in September. "With four new analyst reports and one top fund manager at Gabelli mutual funds highlighting the company on CNBC as a top pick in the last month, we're please someone is finally listening to our simple instructions," the firm wrote.

Reuven also touted its long position in Advanced Micro Devices, and a new short position in MercadoLibre, the "eBay of Latin America," which Reuven says is severely overvalued.


In Depth

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

Common Risk Parity Misperceptions

Jul 16 2014 | 11:02am ET

Over the past few years, risk parity has become a component of most investors’...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note