Senvest Posts Strong Gains in October

The fund that was up 180 percent over five months earlier this year could be positioned for its next upward move.

Brian Gonick, co-chief investment officer of Senvest Management. (Christopher Goodney/Bloomberg)

Brian Gonick, co-chief investment officer of Senvest Management.

(Christopher Goodney/Bloomberg)

One of the hottest hedge funds earlier this year posted a strong gain in October.

Senvest Management’s Senvest Master Fund rose 3.5 percent last month, extending its gains for the year to 84.1 percent, according to a person familiar with the results.

This is the hedge fund that rose 67 percent in the first quarter on the strength of a big bet on controversial video game company and meme stock GameStop.

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