Spruce Point Gains in a Big Year for Short Sellers

Ben Axler’s short activist fund jumped 7.4 percent in 2022.

Ben Axler (Courtesy Photo)

Ben Axler

(Courtesy Photo)

Activist short seller Spruce Point Capital Management bested the market downturn last year with a gain of 7.4 percent, according to a yearend letter to investors that Institutional Investor has received.

Spruce Point, headed by Ben Axler, is known for the volume of reports it puts out on large-cap companies, targeting their accounting and governance.

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.