Wednesday, 27 July 2016
Last updated 43 min ago
Sep 17 2007 | 1:49pm ET
New York-based hedge fund Exis Capital Management made the right bets last month avoiding the fate that has befallen many hedge funds in August.
Exis, led by former SAC Capital trader and major art collector Adam Sender, returned 22% last month, according to Bloomberg News.
The once $1.1 billion fund is rebounding from drawdowns last year and in 2004.
Sender said he revamped Exis last year to make only short-term trades.