Prescience Point Scores Big on MiMedx Bet

Going against the short sellers has led to big gains for Eiad Asbahi’s fund.

Illustration by II

Illustration by II

Prescience Point Capital’s contrarian long call on scandal-plagued MiMedx Group has proven a winner this year, boosting the small hedge fund’s fortunes.

Eiad Asbahi’s fund — which is more typically known as an activist short seller — surged 64.8 percent through July 23, according to a person familiar with the numbers.

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