It’s not a big story when a hedge fund is doing poorly this year because so many are.The big story is when a hedge fund is banging out great returns, like Dabroes, a hedge fund run by former-SAC guys Abe and Jack Eisenstadt, and that that fund is named Dabroes like Da Bros, because it’s run by two brothers.
New York-based Dabroes, which specialises in European equity trading and oversees about $750 million, returned 24.75% after fees in the first eight months of 2010.
The only other hedge fund that we’ve seen doing well this year is Velite, which was up 20% – but that was just in August.
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