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Auerbach’s Hound Partners Disappoints Again

Hound was hurt in 2017 by its short bets, which lost about 9.5 percent, according to its yearend letter to clients.

      Hound Partners headquarters in New York (courtesy Google Maps)Hound Partners, the hedge fund firm founded by Jonathan Auerbach, has disappointed investors for a third straight year. While many other hedge fund managers with ties to legendary Julian Robertson Jr.’s Tiger Management posted very strong gains last year by riding the internet

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