Hedge Fund Anson Goes Big on Retail Trades, Outperforming Peers
- Toronto fund calls retail traders a force to reckon with
- Apollo Healthcare, Genius Brands, Hertz among top trades
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Canadian hedge fund Anson Funds, which returned more than double the S&P 500 in 2020, recommends skipping the fundamentals and focusing on sentiment as retail traders take an outsized role in the market.
That is what pushed Anson to trade on themes and stocks popular with individual investors last year, including positions in Apollo Healthcare Corp., Genius Brands International Inc. and Hertz Global Holdings Inc.