Bricoleur takes a beating in otherwise slow month


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 posted large single-month gains, as the funds are fairly volatile. The fund has produced an 18.33% annualized return since its