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This Hedge Fund Was Up 40 Percent in November

The value-oriented fund has posted double-digit gains or losses in every year of its existence.

The folks at Senvest Management were very bullish and confident about their portfolio when they sent out their third-quarter letter dated October 29. Never mind the Senvest Master Fund was down 28.36 percent at the time, even after gaining about 8.5 percent in the third quarter. The hedge fund firm

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