Kase Fund, the hedge fund managed by Whitney Tilson, rose 7.4% during October, compared to a gain of 8.4% for the S&P 500. Year-to-date the fund is down 4.2% compared to a gain of 2.7% for the S&P 500, according to the fund’s October letter to investors and reviewed by ValueWalk.
Kase Fund entered the fourth quarter down more than 10%, so October's strong performance has helped Whitney Tilson claw back some of the losses Kase Fund has racked up this year.
Long equity positions were the biggest contributors to Tilson's impressive performance during the month. There were numerous double-digit gainers including Grupo Prisa (66.7%), Spark Networks (17.4), GE (14.7%), Avis (14.3%), Delta Airlines (13.3%) and Micron (10.8%). The biggest loser on...
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