What Drove Light Street’s Double-Digit January Loss

In its fourth-quarter letter, written before the month’s end, the Tiger Cub emphasized its investments in electric vehicles and solar stocks.

Glen Kacher (Victor J. Blue/Bloomberg)

Glen Kacher

(Victor J. Blue/Bloomberg)

Light Street Capital’s Long-Short fund posted a double-digit loss in January, in what has been a rough month for some long-short equity funds, according to a person who has seen the results.

The high-flying Tiger Cub headed by Glen Kacher lost 13.7 percent last month, badly hurt by short positions — but not the now-infamous Robinhood-targeted short bets like GameStop — according to a person familiar with the results.

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