(The Business Insider) Folger Hill Asset Management’s flagship fund returned 2.65% last year compared to a 21.8% gain in the S&P 500…..the hedge fund started by billionaire Steve Cohen’s former chief operating officer Sol Kumin, says its underperformance is “not consistent” with expectations. The firm’s flagship fund returned 2.65% last year and 0.89% for the fourth quarter.
Founder Of Hedge Fund Folger Hill Tells Clients His Firm Has Fallen Short
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