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Cadian Capital Beats Stock Market’s Historic Month

How the tech-oriented hedge fund gained 18 percent in April.

IAC, which owns Tinder, was one of Cadian Capital's largest holdings. (Gaia Squarci/Bloomberg)
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 is up 23 for the

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