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Worm Capital founder and chief investment officer Arne Alsin is not backing away from his thesis of energy transformation — even though it’s been painful for his strategies so far in 2021. Last year Alsin's market positions pushed the fund to the top. Worm’s big bet on Tesla made the firm one of 2020's best hedge fund performers, when it gained more than 270 percent. In 2021, however, Tesla’s stock has fallen, dragging down the firm, whose long-short equity strategy fell 15.18 percent during the first half of 2021, according to a second quarter letter to investors that Institutiona...

(Brent Lewin/Bloomberg) Arne Alsin’s Worm Capital, which had a blowout year in 2020 with a 274 percent gain, gave some of it back in the first quarter.Worm’s long/short equity fund fell about 17 percent for the quarter, while its long-only fund fell 7 percent, in contrast to the S&P 500 index’s gain To continue reading, subscribe now to Premium Journalism. Already a subscriber? Login. Related Content

Bireme Capital: “Kodak (KODK) is a Perennial Pretender” Bireme Capital, an investment management firm, published its fourth-quarter 2020 Investor Letter – a copy of which can be downloaded here. A net return of 47.1% was recorded by the fund for the year end 2020, outperforming its S&P500 benchmark that delivered an 18.3% return. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021. Bireme Capital, in their Q4 2020 investor letter, said that Eastman Kodak Company (NYSE: KODK) had a declining revenue and negative free cash flow every year since 2007. Bireme...

Bireme Capital, an investment management firm, published its fourth-quarter 2020 Investor Letter – a copy of which can be downloaded here. A net return...

Ten years ago, Arne Alsin quit trying to be, as he puts it, “normal.”  Alsin, the founder of investment firm Worm Capital, had an abundance of classic Asperger’s symptoms. He was sensitive to light and sound and was so anxious around people that he forswore becoming a teacher. When his dog barked, Alsin says, “my brain would feel like it would explode.” He had tried to change. “When you’re on the spectrum, you tend to react like a volcano and just work your way down. And I thought through logic and reprogramming and desensitization, I could gradually get to be ‘normal’. It ...