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Unlike most hedge fund firms, the long-short manager names names in its quarterly letters to clients.
The main long-short equity hedge fund operated by Anthony Bozza's Lakewood Capital Management posted a strong third quarter, bolstering its full-year return.
Bozza, who founded his firm in 2007, manages about $3.5 billion. The firm's main hedge fund rose 4.3 percent, boosting its gain for the year to 4.55 percent, according to the firm's third-quarter investor letter and other data obtained by Alpha. Bozza previously worked at New York hedge fund firm SAB Capital Management, at alternative-asset giant KKR & Co., and as a mergers and acquisitions specialist at Gleacher & Co. The firm did not return a call for comment in time for publication.
Lakewood's long-short fund was also profitable in each of the five previous years, posting three single-digit gains and two low-teens gains. However, what is most interesting about the investor letter is Bozza's policy of identifying and discussing, in great detail, his favorite short positions. This is extremely rare for hedge fund managers, who generally don't disclose this information in their letters...