Balestra Capital and Lahde Capital Management have both
reported spectacular June performance as a shared investment
thesis on the demise of the subprime mortgage market paid big
dividends on the month.
Balestra Capital Partners, a global macro fund founded by
Jim Melcher, netted 20.98% in June to total 36.15% for the year
to date. Lahde Capitals U.S. Residential Real Estate
Hedge fund, which began trading in November 2006, netted 48.4%