Providence Journal – Lemelson Capital Management, LLC, a private investment management firm, today announced that The Amvona Fund, LP has again been ranked by Barron’s as one of the world’s top performing hedge funds for April 2014. It represents the third time in eight months that Barron’s monthly performance rankings of global hedge funds has included The Amvona Fund among the world’s top performers.
This designation follows the magazine previously ranking the fund as the top performing hedge fund for July and October 2013. Fueling Lemelson Capital’s performance in April 2014 were long positions in Apple, which the firm bought aggressively from March 2013 through July 2013, and Kulicke and Soffa Industries . Leading short positions of the fund included World Wrestling Entertainment, which Lemelson Capital subsequently began buying on May 16, 2014 after WWE had fallen 63.1% since the firm first issued a short call on the stock on March 17, 2014.