Ronin’s Hedge Fund ‘Cypress’ Plunges About 30% in Q3, Giving Back 44% Gain

TREE NEWS update: According to people familiar with the matter, Ronin Capital’s hedge fund ‘Cypress’ fell about 30% in the third quarter, giving back nearly all of the 44% gain it had recorded from the start of the year through the end of June. The fund dropped about 25% in July alone and continued to decline over the following months, leaving it up just 0.6% year-to-date as of the end of September.