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Senvest Hedge Fund Gains 79% With Bets on Comebacks

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Richard Mashaal and Brian Gonick have set an ambitious target for their Senvest Partners LP hedge fund: Stocks they buy should have the potential to double or triple in price over one to three years.

The strategy worked in 2013, when seven of Senvest’s top 20 holdings surged 100 percent or more, Bloomberg Markets magazine will report in its May issue. Those stocks helped the $550 million long/short fund rack up a return of 79.4 percent for the year. Senvest Partners was the best-performing midsize fund in Bloomberg Markets’ 2013 hedge-fund ranking.