Pabrai’s New Zero Fee Hedge Fund Tries To Look Past “Yesterday’s Winners”

Dhandho's Junoon Zero Fee Funds managed positive returns in the third quarter, which is better than what most hedge funds did because it's been a hard year for the industry overall. Both Junoon funds lagged the S&P 500 for Q3. However, the fourth quarter could be a brighter one for the Junoon strategy, given the bumpy ride the S&P has had since early October.

Q3 hedge fund letters, conference, scoops etc

Both Junoon funds in the green for Q3

Junoon's U.S. fund returned 0.2% while the offshore fund was up 0.1%, compared to the S&P's 7.7% return for the third quarter. Year to date through the end of...