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Tiger Seed Hound Partners Posts Slight Gain in First Quarter

The firm has sharply cut its gross exposure but boosted its net exposure.

      Boeing Co. 737 sections on a Spirit AeroSystems assembly floor in Wichita, Kansas (Daniel Acker/Bloomberg)Hound Partners continues to frustrate its investors. In the volatile first quarter — in which many of its fellow Tiger Cubs, Seeds, and Grandcubs posted high single-digit and double-digit returns — the Hound Partners Offshore Fund,

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