Looking back on Copia’s cautious comeback
AR also revisits a quick end for a leveraged Loomis fund.
One year ago
»» Copia Capital, the long/short market-neutral fund spun out of FrontPoint Partners, was profiting from the Deepwater Horizon disaster, having shorted BP after the calamity and then reversed its position near the oil giant’s bottom.
“We tend to do well in disasters, unfortunately,” portfolio manager Tim Flannery told AR as Copia reported a 4.67%