Fund managers that made short positions in Q1

[Deepdive]

Anyone know of any funds/managers that made short position bets in the last quarter.

 

I found the following:

1. Ackman/Pershing Square is an obvious one here with his CDS trade.

2. Universa Investments did 4,144%

-  https://www.bloomberg.com/news/articles/2020-04-08/taleb-advised-universa-tail-risk-fund-returned-3-600-in-march

3. Rhizome Partners bought a basket of 15-20% OTM puts that did 11.2x

4. Massif Capital bought 30% OTM puts with 90 days expirations that returned ~7x

 

If anyone has any others, please feel to share.

[Deepdive]

FYI

Rhizome_Partners_Q1_2020_Investor_Letter_Final.pdf

Massif_Capital_First_Quarter_Letter_to_Investors.pdf

[SHDL]

I’m pretty sure John Hempton did too (using puts).

 

It should be interesting to watch how these guys manage the next leg down if there is one. That is going to be a lot harder now that puts have gotten much more expensive.