Andrew Left, who has long targeted companies that he thinks are over-valued through his work at Citron Research, told investors on Monday that his new hedge fund returned 43% after fees in 2019, its first year in business. Left also made a prediction that home furnishing company RH, one of his winners last year, may make a tempting takeover target for someone. “In 2019, our first full year of operation, Citron Capital, LP (“Fund”) generated a gross return of 56.4% and net return of 43.3%,” Left wrote in the letter seen by Reuters. …read more
Source:: Yahoo Finance
