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Andrew Left posts 43% first year returns for Citron hedge fund

With gross return of 56.4%


Andrew Left posts 43% first year returns for Citron hedge fund

New hedge fund Citron owned by Andrew Left, just posted a gross return of 56.4% and a net return of 43.3% in its first year.

For two decades, Left invested his own money. Andrews strategy revolved around targeting companies that are overvalued after working with Citron Research.


Digging deeper

Looking more closely at Citron’s first year;
Left also revealed the funds average exposure during 2019 was 75.8% long and 80.3% short.
Big wins for Andrew on the long and short side include;

Long: Bausch Health and Snap
Short: Ligand pharmaceuticals, Jumia Technologies and Grand Canyon Education


Predications

Andrew’s success has naturally drawn attention giving his voice and opinions strength. Left entertained the industry by making 3 predictions/statements for 2020.

  1. Peloton Interactive will fall
  2. 2020 will be a year of growth
  3. Home furnishing company RH makes a tempting takeover

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