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Alternative Market Briefing

Reuven Capital blazes with 75.10% gains through August, quits NY for Florida

Wednesday, September 24, 2014

Komfie Manalo, Opalesque Asia:

New York-based hedge fund Reuven Capital (RCI) is on fire as its Reuven Capital Investments LP fund blazes the year with 75.10% gains through August. During the month, RCI was up 12.68% compared with U.S. equities (Dow +3.23%, S&P +3.77%, Nasdaq +4.82%, and Russell +4.85% in the same period).

In its letter to investors, Reuven said many geopolitical issues occupying most of the headlines the past months are affecting the markets. However, while the situation in Russia seems to have died down, the Middle East crisis has become a bigger concern, the firm said.

Reuven president and chief investments officer Yaron "Ron" Reuven commented, "Many that have followed the media closely have become especially concerned after learning that much of the Islamic fanaticism we are used to seeing abroad, has grown drastically and no longer quietly, right here in the United States of America. Why the U.S. military, Navy, FBI, CIA, Police or any other authority with a gun isn’t shutting them down is beyond me. I hope it’s not because they’re trying to compete with the map shown on the Verizon commercials on Television a year or two ago."

Reuven added that the overall fund performed well in August with the fund’s long positions more than making up for losses from the short positions. Long positions in STKL, MONI.L, and HAIN were the top performers of the month, while the Shor......................

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