Balestra, Lahde thrive on subprime carnage

Fri Jul 27, 2007



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 Capital’s U.S. Residential Real Estate Hedge fund, which began trading in November 2006, netted 48.4% in...

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