Kingdon riding high despite stock slump


T hough September was broadly a losing month for equities, Kingdon Capital Management held its ground and even posted modest gains in its global long/short portfolios, which remain up sharply on the year. That's quite an achievement considering that in September the S&P 500 dipped 1.2%, the NASDAQ lost 1.3%, and the Russell 2000 fell by close to 2%. Over the same period, the Kingdon Composite, representing some $2.1 billion in assets, rose by a modest 0.1%. Taking into account a year-to-date performance of 24.2% - roughly double the S&P 500's return - Mark Kingdon and his team