Hedge Funds

Tiger cubs post gains in September


Early indications show that September was a slightly better month for hedge fund returns than the previous few, with no Absolute Return medians posting negative returns for the first time since February 2004. Among the month's winners, according to early estimates, are some of the Tiger Cubs, with a handful posting big single-month gains for September.

Stephen Mandel's Lone Cedar fund is said to have pulled down a 3.83% gain for the month, bringing its year-to-date total to an estimated 11.19%. Mandel's big September makes up for earlier losses incurred from losing short positions in education companies. Andreas Halvorsen's