Corsair Took A Hit From Small-Cap Underperformance In Q3; Says Evergrande Not The Next Lehman Brothers

Corsair Capital was down by about 3.5% net for the third quarter, bringing its year-to-date return to 13.3% net. Corsair Select lost 9.1% net, bringing its year-to-date performance to 15.3% net. The HFRI – EHI was down 0.5% for the third quarter but is up 11.5% year to date, while the S&P 500 returned 0.6% for the third quarter and 15.9% year to date. The Russell 2000 returned -4.4% for the quarter and is up 12.4% year to date. Q3 2021 hedge fund letters, conferences and more Corsair is an event-driven fund that seeks to increase capital faster than inflation…