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Komfie Manalo, Opalesque Asia: The wind of opportunity is starting to blow towards New York-based hedge fund Reuven Capital as its Reuven Capital Investment fund showed a strong 60.15% gains in March (+52.74% YTD) because "many things" are materializing in the market, said Reuven president and chief investments officer
Yaron "Ron" Reuven.
"Although it would seem like there would be a huge number of things to discuss with such a big month, surprisingly many of the things that occurred this month have been very much the same things we’ve discussed repeatedly over the past year," Reuven humbly said. He added, "The big difference now is that we are seeing many of them materializing in the market, our holdings’ prices, and most importantly, the fund’s bottom line.
In his letter to investors, Reuven described March as a harsh month for many high flying stocks. Although NASDAQ posted a cumulative 2.53% decline during the period, many of these companies had heavy declines that were in the double digits range, he said.
The market condition in March created a new debate between the Bulls & Bears, according to Reuven. While the Bears are starting to scream 'I told you so!’ with pride, the Bulls are saying that 'every healthy bull market needs a decline from time to time, in order to avoid bubble territory,’ Reuven explained.
He added that although Re...................... To view our full article Click here
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