Hedge Funds

Clarium, Carlson, Citadel decline

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#Most brand-name funds had little to be thankful for at the end of November, as losses continued piling up in nearly every strategy - and investors pulled more capital. Nonetheless, a handful of funds still managed to generate profits, leaving the industry with a wide dispersion of returns for the month.

With a 0.26% gain in November (-2.01% for the year), Viking Global Equities III was one of a few long/short equity funds that managed to eek out positive returns. Kingdon Capital's M Kingdon (Offshore NV) dropped 4.37%, taking its full year losses to 24.28%; and Intrepid Capital Fund