October was a fairly drab month for many equity-focused
hedge funds, but not, unfortunately, for Bricoleur Partners.
The fund got hammered in October, posting a 9.71% draw down.
That wiped out its gains for the year, bringing its
year-to-date total down to a loss of 7.74%. The fund is
believed to have had significant exposure in the home builder
segment, which contributed to its losses. But big draw downs
are not new to the firm, which has also...