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Spruce Point Gains in a Big Year for Short Sellers

Ben Axler’s short activist fund jumped 7.4 percent in 2022.

Activist short seller Spruce Point Capital Management bested the market downturn last year with a gain of 7.4 percent, according to a yearend letter to investors that Institutional Investor has received. Spruce Point, headed by Ben Axler, is known for the volume

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