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Red October for Activist, Macro Managers

Wild swings in the markets wreaked havoc on managers through the middle of the month.

       Richard (Mick) McGuire III, Marcato Capital Management (Bloomberg)The first half of October did not treat activists and macro hedge fund managers too well. Several high-profile managers toiling in both strategies extended their gut-wrenching losses as the market’s wild volatility seemed to send rapidly changing messages each day. Although the markets have

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