Quantcast
Viewing all articles
Browse latest Browse all 280

Some of the biggest hedge fund names are getting scorched

Image may be NSFW.
Clik here to view.
coals, scorched, burn,

Some of the biggest names in the hedge fund space are off to a brutal start to 2016.

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.

Do you have hedge fund letters and performance data? Feel free to send to jlaroche@businessinsider.com. We'll be discreet!

Join the conversation about this story »

NOW WATCH: New York City rental prices are out of control


Viewing all articles
Browse latest Browse all 280

Trending Articles



<script src="https://jsc.adskeeper.com/r/s/rssing.com.1596347.js" async> </script>