Add Passport Capital to the list of hedge funds that outperformed their peers but badly lagged the broader markets in September.
The San Francisco-based firm, which made a name for itself by posting triple-digit returns three years ago, saw its flagship add 4.9% last month, Dow Jones Newswires reports. The average hedge fund was up about 3.5%, while the Standard & Poor's 500 Index soared 8.9% for its best September in 71 years.
Passport's flagship, which manages $1.7 billion, is up 7.8% on the year.
Passport manages $3.4 billion in total.