Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.
Includes detailed analysis of RiverPark Long/Short Opportunity Fund's positions in MZN, ADBE, BKNG, AMTD, ADDDF, ADDYY, PCRX, SWN, DLTR, ULTA, FB, ORCL, CRM, WMT, GOOG, GOOGL, GIS, CLX, EPC.
For Q1 2018, the RiverPark Long/Short Opportunity Fund returned 2.6%. This compared to the Morningstar L/S Equity Category which returned -0.8% and the broader market (as represented by the S&P 500 Total Return Index), which experienced its first down quarter in the last 2 years and returned -0.8% during the quarter.
We brought both our gross and net exposure down a bit from the end of 2017 to provide a bit more dry powder should this period of increased volatility continue.