Cadian Capital Beats Stock Market’s Historic Month
How the tech-oriented hedge fund gained 18 percent in April.
Stephen TaubMay 11, 2020
IAC, which owns Tinder, was one of Cadian Capital's largest holdings.
(Gaia Squarci/Bloomberg)
Eric Bannasch’s Cadian Capital surged about 18 percent last month, exceeding the S&P 500’s 13 percent gain during the stock market’s best month since 1987, per a knowledgeable source and a hedge fund database. The trajectory continued in the first week of May. The tech-focused firm
To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.