Harbor Spring Capital Disparages Quants Then Hires One; Details Financial Engines Inc (FNGN) Short

Harbor Spring Capital dialed up the long end of their Long / Short strategy to deliver 3.4% net investor returns in the third quarter, slightly underperforming the S&P 500’s 3.9% and the MSCI World Index’s 5.0% performance over a similar period. The Tiger Cub hedge fund particularly amped up the long end of the portfolio during the period, as the short portfolio was a particularly tough drain on returns nonetheless. In its third quarter letter to investors reviewed by ValueWalk the traditionally discretionary value investor took quantitative investment methods to task – all the while announcing that the fund had hired a “quant rocket scientist” of its own.

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Q3 2016 hedge fund letters