The markets have been gliding along in a low-volatility environment for quite some time, which has left investors starved for returns. It finally looks like things are changing though, and hedge funds are happy to see it.
Q3 hedge fund letters, conference, scoops etc
In a recent letter, Moab Partners focused on the return to volatility in September, which helped boost its returns. Moab Partners, L.P. was up 1.32% last month, while Moab Partners Offshore was up 1.29% for the month.
Volatility’s return is “a great opportunity”
Portfolio manager Michael Rothenberg noted in the firm's recent letter that September brought a welcome return to volatility as the S&P 500 ticked up 0.6%, but the Russell 2000 tumbled 2.4%....
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