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How Hound Partners Avoided Big Losses in its Hedge Funds
The Tiger Seed suffered sharp losses in its long-only funds in 2018, but its hedge funds were saved by savvy short bets.
Tiger Seed Hound Partners posted a 0.08 percent loss net of all fees and expenses in its long-short fund, Hound Partners Offshore Fund, in 2018. That’s a pretty big achievement, considering that the fund’s long book lost a painful 16.33 percent, according to its second-half letter, dated January 24 and obtained
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