Aristides Stuck By Its Shorts After the GameStop Squeeze. It Paid Off.

Shorts on GSX and Nikola contributed to Chris Brown’s hedge fund outperformance in the first quarter.

A short position in Nikola helped lead Aristides Capital to Q1 gains.(Ash Ponders/Bloomberg)

A short position in Nikola helped lead Aristides Capital to Q1 gains.

(Ash Ponders/Bloomberg)

Aristides Capital founder Chris Brown, who defended short selling after the GameStop trading frenzy had many bemoaning the strategy’s fate, is reaping the benefits of staying the course.

By the end of March, Aristides’ flagship fund was up 14.86 percent for the year after gaining 8.91

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