Day Of Election, Tourbillon Capital Credited Dilbert With Predicting Trump Victory

Tourbillon Capital Partners, the $3.7 billion New York hedge fund founded by Jason Karp just reported an impressive third quarter.

When the fund was launched by Jason Karp in 2013, Tourbillon Capital was one of the hottest new fund start-ups, and so far, Karp has not disappointed. In its first year, the fund’s flagship long/short fund produced a return of 21% before going on to add 10% in 2014 and 10.8% last year. However, this year the fund has struggled. The flagship fund fell 12.9% for the year to July but recovered some of its losses in the third quarter.

According to Tourbillon’s third quarter letter, a copy of which has been viewed by ValueWalk...