Cable Car.pdf

Cable_Car_Q4_2015.pdf
Preview of Cable Car
🔗 Source: cablecarcapital.com
📊 Size: 374 KB
👤 Author: Jacob Ma-Weaver
⬇️ Downloads: 126

Summary

Cable Car Capital LLC's Q4 2015 letter reports a +1.1% return for the quarter and +38.5% for the calendar year, outperforming the MSCI All Country World Index's -2.4% return. The firm's assets under management were $6.2 million at year-end. Average exposure was 95% long and 30% short, with the long portfolio generating a 35% gross return and short positions returning 19%. The largest long positions included Insignia Systems, Retrophin, and NetDragon Websoft. A significant loss was incurred on a short position in KaloBios Pharmaceuticals, which was covered at a loss of over five times the initial capital committed. The firm's manager reflects on the experience, acknowledging mistakes and emphasizing the importance of transparency and learning from errors.

Description

Cable Car Capital LLC's Q4 2015 letter reports a +1.1% return for the quarter and +38.5% for the calendar year, outperforming the MSCI All Country World...

Technical Information

  • File Format: PDF
  • File Size: 374 KB
  • Pages: 8
  • Language: EN
  • Author: Jacob Ma-Weaver
  • Total Downloads: 126
  • Last Updated: 2 hours ago

Document Overview

This PDF document about Cable Car provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into Cable Car.

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