This Aussie Fund Got Mauled By Tech and Growth In October

Returns were pretty grim across the hedge fund industry in October, but some were much deeper in the red than others. The Atlantic Absolute Return Fund, which is managed by Australia-based Regal Funds Management, was down nearly 24% for October. The A$189 million fund focuses mostly on Australia and Asia. For comparison, the Australian 200 Index was down 8% last month while the Hang Seng Index was down 10%. Atlantic Absolute Return Fund struck by de-rating in growth In their October letter to investors, which was obtained by ValueWalk, Regal management cited disappointing results in the Tech and Mining sectors…