Key Takeaways
- • Jericho Capital, the hedge fund headed by Josh Resnick, reported a 6.9% gross gain in its main fund for the September 2026 three-month period, lifting its year-to-date gross return to 19.6%.
- • The Special Opportunity fund surged 18.3% gross in the third quarter and is up 49.1% gross for the year.
- • Jericho outperformed in 2026 without relying on high-flying AI-related stocks, according to the report.
- • Per a regulatory filing, most investors pay up to 1.5% in management fees and an incentive fee of 20% to 30%.
Summary
The hedge fund headed by Josh Resnick reported a 6.9% gross gain in the main fund during the September three-month period, boosting its gross return to 19.6% for the year, according to the report. The fund's third-quarter performance was described as strong, and the firm has outperformed this year without the help of high-flying AI-related stocks.
The Special Opportunity fund performed considerably better, surging 18.3% gross in the third quarter and 49.1% gross for the year. The source notes that the portfolio's holdings are not publicly known, so the drivers of the fund's returns cannot be independently identified from the reporting.
The article's headline indicates the fund overhauled its top holdings during the period, though the available text does not detail the specific positions bought or sold. Institutional Investor covered the same story under a matching headline.
According to a regulatory filing cited in the report, most investors pay up to 1.5% in management fees and an incentive fee of 20% to 30%, a fee structure typical of the hedge fund industry. All performance figures are stated gross of fees.
The Special Opportunity fund performed considerably better, surging 18.3% gross in the third quarter and 49.1% gross for the year. The source notes that the portfolio's holdings are not publicly known, so the drivers of the fund's returns cannot be independently identified from the reporting.
The article's headline indicates the fund overhauled its top holdings during the period, though the available text does not detail the specific positions bought or sold. Institutional Investor covered the same story under a matching headline.
According to a regulatory filing cited in the report, most investors pay up to 1.5% in management fees and an incentive fee of 20% to 30%, a fee structure typical of the hedge fund industry. All performance figures are stated gross of fees.
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