From Triple-Digit Gain to Double-Digit Loss

JW Asset Management’s fortunes are heavily hitched to the cannabis industry.

Curaleaf is one of JW Asset Management's cannabis-related holdings. (Jeenah Moon/Bloomberg)

Curaleaf is one of JW Asset Management’s cannabis-related holdings.

(Jeenah Moon/Bloomberg)

JW Asset Management’s main hedge funds have come down from their high.

Last year, the “B” shares of JW Partners and the similarly managed JW Opportunities Fund surged by 146 percent, driven by the firm’s aggressive cannabis strategy.

According to a hedge fund database, however, the funds were down more than 13 percent this year through August.


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