Tremblant Capital Sees Big Sept. Losses

Oct 17 2008 | 12:02pm ET

For the Barakett brothers, bad news is all in the family.

New York-based Tremblant Capital Group, run by Bret Barakett, brother of Atticus Capital’s Tim Barakett, took a big hit over last with, with three of its funds dropping by double-digits during one of the worst months in the history of the hedge fund industry. The firm’s flagship dropped 19% last month and is down 27.9% on the year, the New York Post reports; its smaller Tremblant Concentrated fund had it even worse, losing 22.3% in September and 40.1% on the year.

Another Tremblant fund, Tremblant-Trident, fell 10% last month and is down 22.3% year-to-date. All told, the losses total about $2.4 billion.

According to the Post, the funds were burned by their equities bet.

Brother Tim’s Atticus recently had to swat down rumors that it was liquidating its two main funds following big losses.


In Depth

Q&A: Fund Administration Comes To The Cloud

Jul 14 2017 | 7:23pm ET

The fund administration sector has been steadily implementing new technology, such...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Rastegar: PE Real Estate Gains Momentum as Uncertainty Rises

Jul 21 2017 | 6:04pm ET

The steady march of equity markets and fundamental shift in the direction of Fed...

 

From the current issue of