Citron Reaps 155% Gain as Short-Seller Left Goes Long on Amazon
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Short-seller Citron Capital generated a net return of 155% and a gross return of 202% in 2020 as bets on work-from-home stocks paid off, the fund’s managing partner Andrew Left wrote in a letter to investors.
The firm started an “outsized long position” in Amazon.com Inc. in late March on the theory that the company would prove a big winner regardless of how the pandemic played out, Left wrote.