Nov
10
Horseman Capital’s Hedge Fund Said to Lose 8.7% on Equity Bets
By-
Monthly loss in October was the biggest since November 2011
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Horseman Global Fund is still up 13 percent this year
Horseman Capital Management lost 8.7 percent in its global pool in October as bets by the $2.5 billion hedge fund firm that stocks would drop turned sour, according to two people with knowledge of the matter.
It’s the the biggest monthly loss for London-based manager Russell Clark’s Horseman Global Fund since November 2011 and pares gains for the year to 13 percent, said the people, who asked not to be named because the information is private. That compares with a 0.65 percent increase in the HFRI Equity Hedge Index…
Horseman Capital’s Hedge Fund Said to Lose 8.7% on Equity Bets
