2 days ago
- Business
- AU Financial Review
Hedge fund Totus Capital hit by Santos short and CBA rally
It's been a tough year for hedge fund manager Totus Capital after missing out on the rally in ASX blue chips like Commonwealth Bank and Wesfarmers and then being caught on the wrong side of a surging Santos share price.
In the Sydney-based short seller's latest update to investors, portfolio manager Ben McGarry said not owning index heavyweights including Telstra – which has accounted for most of the ASX's rally this year – had hit performance.
