Kingdon Capital Up 13.4% YTD; Dumps Chinese Stocks

Kingdon Capital Management, LLC one of the oldest hedge funds on Wall Street, has made a strong start to the year with its Global Long/Short Equity strategy fund logging gains of 6.8% during the second quarter and 13.4% year to date -- outperforming the S&P 500 which produced a return of 1.23% over the period.

Kingdon Capital: Chinese H shares and oil

Kingdon Capital benefitted from a number of strong performers during the second half including Horizon Pharmaceuticals, (up 34%) Axalta Coating Systems (up 20%) and Anacor Pharmaceuticals (up 34%) but was hurt by a premature bet on oil. Kingdon established long positions in companies with significant exposure...