It's been a challenging year for hedge funds, but a few have done an incredible job of protecting investors' capital. For example, Five Corners Partners returned -1% gross and -1.1% net for June, compared to the S&P 500's 8.3% loss and the Russell 2000's 8.2% decline.
The fund was down 2.6% for September, bringing its year-to-date return to -14.1% Five Corners only had one other down year in the last 22 years. It was off by 8% in 2008. Among Five Corners' top long holdings are Franklin Covey, JDC Group, Cadre Holdings and Walkme.
Q3 2022 hedge fund letters, conferences and more
Background
Kevin Daly, founder of Five Corners Partners, didn't dive...
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