Some of the biggest hedge fund names are getting scorched
Feb 9, 2016, 21:21 IST
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Hedge funds fell 2.76% on average in January, according to data from Hedge Fund Research. The S&P 500, a popular benchmark to compare performance, fell 5% in the first month.
Here's a quick rundown of some of the well-known names in the hedge fund space, according to recent press reports and performance data from HSBC.
- Tiger Global Investments (Chase Coleman/Scott Shleifer): The $6 billion long/short equity fund, which has made bets in Netflix, Amazon, and JD.com, fell 14% in January, according to Reuters. The fund did well in 2015, ending up 6.8% while many others in the space suffered losses.
- Glenview Capital Partners (Larry Robbins): The hedge fund, which focuses a lot on US healthcare, fell 13.65% in January. In 2015, Glenview was among the bottom performers after falling more than 18%.
- Marcato International (Mick McGuire): The activist hedge fund fell 12.10% in January. Marcato also fell 9.31% in 2015.
- Omega Overseas (Leon Cooperman): The long/short equity hedge fund fell 9.93% in January. The fund fell 10.43% in 2015.
- Pershing Square International (Bill Ackman): The activist hedge fund, which makes a handful of large, concentrated bets, fell 9.3% in January. The fund fell 16.5% in 2015.
- Third Point Offshore Fund (Daniel Loeb): The event-driven, value-investing fund fell 3.4% in January. Third Point fell 1.2% in 2015.
On the other end, David Einhorn's Greenlight Capital rose 1.4% in January, according to Bloomberg. Einhorn's fund was among the worst performers last year after losing 20.4%.
Of course, this business is a marathon, not a sprint. Anything can happen in the next 11 months.
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