After a Stellar Year, Top Performing Hedge Fund Posts Its Worst Performance Thus Far

Cadian Capital’s tech-oriented fund is down nearly 20 percent, following a record year since its launch.

Palo Alto Networks was Cadian's second-largest long as of March 31. (David Paul Morris/Bloomberg)

Palo Alto Networks was Cadian’s second-largest long as of March 31.

(David Paul Morris/Bloomberg)

One of the top performing hedge funds in recent years is off to its worst start ever.

Cadian Capital Management’s Cadian Fund L.P. lost nearly 4 percent in May and is now down 19.2 percent for the year to date, according to a hedge fund database.

The

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