A $3.4bn Hedge Fund That’s Been Sounding The Alarm About ‘Frothy Speculation,’ Is Suffering Big Losses

(The Business Insider) Tourbillon Capital, a $3.4 billion hedge fund firm led by Jason Karp, is suffering.The firm’s flagship Global Master fund is down 3.5% for the first 17 days of November, bringing performance for the year to November 17 to a loss of 10.6%, according to a note to investors.

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