Salida Capitals multi strategy fund down -28% in July, -21.06% YTD

Date: Monday, August 11, 2008
Author: HFMweek.com

Toronto-based Salida Capital’s Salida Multi Strategy Fund finished the month of July down more than 28%, as the recent economic and financial market downturn took a direct hit on the fund’s core sectors and names, leaving it with a YTD return of -21.06%.

In a show of communication unusual for a private hedge fund firm, Salida took the step of holding a conference with investors to explain what went wrong.