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October Not The Best Of Times For Hedge Funds

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Unless their managers enjoyed being kneed in the balls and kicked in the face until they're coughing up blood in which case, this month's been great.

Discovery, the $15bn hedge fund run by Robert Citrone, a former Tiger Cub, saw its global macro fund tumble by 11.2 per cent up to the middle of October, taking its total loss for the year to date to 20 per cent, making it the largest loser among large hedge funds so far this year….

Moore Capital, the hedge fund run by Louis Bacon, fell by 1.43 per cent up to the first week of October, taking the fund’s loss to 5.39 per cent for the year. Others, including Canosa, a $1bn fund, Paul Tudor Jones’s Tudor, and Fortress’s $1.6bn macro fund also endured losses over the month.

Big hedge funds suffer brutal October [FT]


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