One-Man Hedge Fund Surged 27% This Year, Crushing Market Returns
- Lynwood Opportunities Fund rose 22% in May vs TSX’s 2.8% gain
- Fund gained from trades including silver equities, Lightspeed
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Lynwood Capital Management Inc.’s Lynwood Opportunities Fund has advanced about 27% this year, outperforming most peers and beating broader markets hit by pandemic related volatility by nearly tenfold last month alone.
The Canadian hedge fund is run by Ben Shapiro, who was previously a portfolio manager at K2 & Associates Investment Management Inc. His fund saw returns of 21.7% in May, while the S&P/TSX Composite Index added just 2.8%, according to a letter obtained by Bloomberg. It also gained 30.5% in 2019, while TSX was up about 19%.