04-04-2013, 11:19 PM
I am shocked, shock I tell you, to learn that Tilson has underperformed the market yet again.
April 3 (Bloomberg) -- Kase rose 6.7% in 1Q vs 10.6% gain for S&P 500, Whitney Tilson says in 1Q letter dated today; fund is 66% long, 22% short.
* “Headwinds” were cash (at ~1/3 of fund), short book at ~20% of fund
NOTE: Feb. 4, Tilson’s Kase fund largest shorts include IOC, NOK, LRN
