Ben Axler’s Spruce Point Capital Management, which focuses solely on short activist plays, is having a bang-up year, rising more than 13 percent through June, according to sources familiar with the fund.
His biggest winners are Ballard Power Systems, down about 27 percent since his January 25 report, Mercury Systems, which has fallen about 12 percent since Spruce Point’s April 18 report, and U.S.
