This Fund Gained More Than 100% Last Year

Eiad Asbahi’s Prescience Point made monster gains from contrarian bets.

(Alex Kraus /Bloomberg)

(Alex Kraus /Bloomberg)

For long-suffering short sellers, 2019 was another year to forget, with the S&P 500 index blasting out a return of more than 30 percent.

Then there’s Prescience Point Capital Management, a firm known for its short-selling prowess. Under founder Eiad Asbahi, its flagship generated an estimated return of 104 percent for the year, according to a person familiar with the fund.

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