Jericho Capital Rewards Investors
After its first fund raise in years, Josh Resnick’s tech, media, and communications fund has surged by avoiding most of the popular hedge fund stocks.
Jericho Capital Asset Management is another example of a TMT-focused hedge fund posting very strong results this year.
The long-short fund headed by Josh Resnick is up in the mid- to upper-30 percent range through August, according to an investor.
Remarkably, unlike many other tech-focused funds, it was never in the red this year despite the market’s sharp drop in late February and March, underscoring how well it manages volatility, according to an investor.