Jim Chanos’s Short Hedge Funds Have Fallen This Year
- Kriticos, Ursus funds at Kynikos firm saw declines last month
- Chanos short bets include Tesla, Continental Resources
Jim Chanos
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Legendary short-seller Jim Chanos is losing money in his two hedge funds that bet against companies amid a market rally, which has pushed stocks to record highs.
Chanos, the founder of Kynikos Associates, lost about 1 percent in his Kriticos fund during September, bringing the decline to 10.7 percent this year, according to an investor document seen by Bloomberg. His Ursus strategy fell 2.2 percent last month and 6.5 percent in the first nine months of 2017.