Kynikos Suffers 14% Drop In 2013

Feb 10 2014 | 11:43am ET

Short-selling was bad business last year, when stocks soared. Unfortunately for Kynikos Associates' founder James Chanos, it is the business he's in.

New York-based Kynikos' Opportunity Fund fell 14% last year, its worst annual performance in at least a decade. The huge decline was also Kynikos' second-straight losing year; the fund fell by less than 1% in 2012.


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