Tiger Cubs Get Whipsawed as Shorts Rise and Longs Fall

The momentum stock correction was bad enough, but short books haven’t provided much in the way of assistance.

Call it the worst of both worlds.

This is what the large number of Tiger Cubs, Tiger Seeds and other celebrated long-short managers are experiencing after losing money in the first quarter or barely breaking even.

Last year the vast majority of these funds saw their long portfolios far outperform major market indexes, only to suffer steep losses in their short book, causing their long-short funds to lag overall averages.

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