Ben Axler Takes On XPO Logistics

In its last short call of 2018, Spruce Point gets a big win.

Bradley Jacobs, chairman and chief executive officer of XPO Logistics Inc. (Christopher Goodney/Bloomberg)

Bradley Jacobs, chairman and chief executive officer of XPO Logistics Inc.

(Christopher Goodney/Bloomberg)

Ben Axler’s Spruce Point Capital has unveiled its last short target for 2018 — and so far, it looks like a doozy.

Shares of Greenwich-based trucking firm XPO Logistics fell more than 26 percent Thursday after Spruce Point’s report came out.

It’s the latest in a series of strong short calls this year, giving Spruce Point an estimated 25 percent return year to date, according to an individual familiar with the fund.

Axler

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.

Related