Tech-Heavy Cadian Maintains High-Teens Gains Despite October Losses

The Perry alum has benefited from its low net exposure and avoiding popular internet and software stocks.

Illustration by II

Illustration by II

Cadian Capital Management did a good job of mitigating the damage from the huge stock market and technology selloff in October.

As a result, the firm’s funds entered November among the top-performing hedge funds. Its two long-short equity funds, Cadian Fund and Cadian Offshore Fund, lost a comparatively minor 2.35

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