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After Blowout 2020, Worm Capital Hits a Speed Bump

Arne Alsin’s hedge fund fell 17 percent in the first quarter, but he’s sticking to his guns.

Arne Alsin’s Worm Capital, which had a blowout year in 2020 with a 274 percent gain, gave some of it back in the first quarter.Worm’s long/short equity fund fell about 17 percent for the quarter, while its long-only fund fell 7 percent, in contrast to the S&P 500 index’s gain

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