This Might Be the Most Volatile Hedge Fund

Coltrane is down 69 percent this year, after generating a 198 percent gain in 2022.


Illustration by II

What a difference one year can make.

Just ask the folks at Coltrane Asset Management.

Its long-short fund was one of last year’s top performers with a hard-to-believe 198 percent return.

Nine months later the fund is down 67 percent through September and this is after generating a 20 percent gain last month.


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