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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...................... To view our full article Click here
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