Ascend Capital 2014 Q3 Investor Letter

Insider Monkey has seen a copy of Ascend Capital's 2014 Q3 investor letter. Malcolm Fairbairn founded Ascend Capital in 1999. Ascend Partners Fund I returned a cumulative 305% between January 1, 2000 and September 30, 2014. This translates into an annualized return of about 10%, vs. around 4% for the S&P 500 Index during the same period. Ascend Partners Fund II, which was launched in 2004 underperformed...