Sellers Capital ‘Very Surprised’ About 49.9% Loss

The music stopped for Chicago-based hedge fund Sellers Capital in the third quarter after two previous quarters of high-octane returns. The firm—which managed $230 million as of July—reported a net loss of 49.96% in Q3 after running its flagship fund at breakneck gains of 65% in the first half.

Through September, the Sellers Capital Fund is down 24.46%.