It’s been generally a rough summer for Amici Capital. After losing its founder A. Alex Porter in April, the fund initially gained ground but then went through difficult market environments during July, September and now October. Approximate net performance from July to October is down over -5 percent, while the fund reports being down -3.11 percent on the year.
Amici Capital's investment strategy
The hedge fund and its one time leader Porter were known for the ability to generate intriguing relative value investments: buying one stock and selling another stock. Such strategies are designed to fair better during market declines than a long only strategy, but sometimes lag overall market performance during rising market environments.
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