How did hedge funds do during the grueling bouts of volatility over the past few weeks? It is certainly a mixed picture but we have noted that surprisingly some bearish funds did terribly while many other long biased funds had decent returns.
An update from Crescat Capital shows they had a fantastic October, but many hedge fund return stats were less impressive.
Third Point’s Dan Loeb which has been dueling with Cambell Soup had a rough month down 6.7 percent or so.
Bill Ackman’s Pershing Square Capital which had been mounting a comeback year, put up awful number of -8.4 percent.
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