HighSide remains in the red despite recent gains

September gains don’t bump HighSide into the black.

Lee Hobson’s HighSide Offshore gained 1.14% in September, clawing back some losses from its defensive posture earlier this year. Through September, the long/short equity fund has lost 8.57%. “While we are humbled and disappointed by the degree to which our shorts hurt our performance,” Hobson wrote in a letter to investors this summer, “We have made appropriate risk management adjustments.”

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