Valeant Holder Sequoia Fund Sees $98.9 Million in Outflows

  • Fund with ties to Buffett has biggest monthly outflow of year
  • Fund has been closed to new investors since December 2013

Two Sequoia Fund Directors Quit on Valeant Position

The Sequoia Fund, which has defended its big bet on drugmaker Valeant Pharmaceuticals International Inc., had its biggest monthly outflow of the year in October.

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