- Blue Hawk Investment Group, LLC is the management company of the Blue Hawk Fundamental Growth Fund, LP, a long-short fund that seeks to provide an alternative stream of attractive risk adjusted returns. The Fund is managed by Jake DuBois.
- The fund declined -4.80% in the first quarter of 2021. Amidst a turbulent market, the long book held up well roughly flat in the quarter while the short book detracted 4.20% and -3.41% excluding market hedges.
- During the quarter, distress within large funds that invest in similar names as Blue Hawk resulted in erratic trading and volatility in many of the fund’s holdings.
- Looking ahead, I am optimistic about equities as the world opens back up, with some pockets of froth. Stocks are not inexpensive, but with low ultra-low rates, manageable inflation, and a burgeoning recovery, headline valuation metrics are misleading in my view.
For further details see:
Blue Hawk Investment Group Q1 2021 Investor Letter