Seeing as how the third quarter is in the rear-view mirror, many hedge funds have released their latest investor letters to describe their performance during the three-month period. Among the standout performers for the period was John Thompson’s Vilas Capital Management, LLC, which saw its portfolio gain 42.2% during the third quarter. Due to the big gain, Vilas Capital is now down by 17.2% year-to-date, after significant first-half losses.
Due to the fund’s blow-out performance from July...
