Marcato’s Comeback Falters

Mick McGuire’s funds slid during the first two weeks of a tough month.

Illustration by II

Illustration by II

For a preview of how brutal October has been for hedge funds, look no further than Mick McGuire’s Marcato Capital Management.

Through October 16, his flagship Marcato International hedge fund was down 9.3 percent for the month, and Marcato Encore International, which invests in mid-cap names, had fallen 7.4

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