Formidable Vows to Stay Course After Fund’s 83% 2020 Gain
- Hedge fund benefited from EV and other green energy picks
- Ohio-based fund expects no change this year from 2020 trends
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Formidable Asset Management LLC, which gained about 83% last year, said it plans to take a nimble and active approach this year, with the volatility of 2020 showing few signs of slowing down.
“Though we are early in the year, the truly bizarre events, both societally and in terms of markets, seem to be continuing in 2021,” the hedge fund’s Chief Executive Officer William Brown and Chief Investment Officer Adam Eagleston wrote in a letter to clients, seen by Bloomberg.