Ascend Capital Well Positioned As Hedge Fund Warns Of Volatility

Malcolm Fairbairn of Ascend Capital notes in his third quarter of 2016 what  “long, strange trip” it has been”.  He is speaking in part about a “QE magic carpet,” and engineering feat that prompted the equity market to gently “float higher… even as their fundamental underpinnings weakened.” Fairbairn has other issues as well. With generally strong historical performance at beating the stock market benchmark, particularly notable for a long / short fund manager, the former Citadel Investments employee is watching as a Rhode Island pension plan withdraws assets from the multi-billion dollar San Francisco-based hedge fund. Also see Q3 hedge fund…