As mentioned earlier, Alpha magazine is set to follow up its annual list of the this year's top earning hedge fund managers tomorrow with a list of 2008's Biggest Losers, comprised of a group of managers who together lost $6.2 billion 2008. (The mag uses two factors to calculate earnings, or, in this case, lack thereof: "the managers' shares of their firm's performance and management fees, as well as gains on their own capital.") According to CNBC, it will look something like this:
1. Ken Griffin, down $2 billion (personally)
2. Eddie Lampert, down $1 billion
3. Steve Cohen, down $750 million
4. [insert here]
5. [insert here]
6. T. Boone Pickens, down $450 million
7. [insert here]
8. Carl Ichan, down $400 million
It hurts, yeah, but we're told that one of the guys above rallied his troops this morning by offering this silver lining: "I know this looks bad, but don't worry about me compadres. You should see our clients."
Posted by guest , Mar 25, 2009 12:55PM
4. Thurston J. Howell, III
Posted by guest , Mar 25, 2009 12:57PM
thaats a shame
Posted by IA , Mar 25, 2009 12:57PM
7. Timothy Sykes
Posted by guest , Mar 25, 2009 12:58PM
CNBC bad reporting, once again.
#1 is Warren E. Buffett, down $25 billion.
but of course they couldn't say that because it means becky wouldn't get to flirt with him.
Posted by guest , Mar 25, 2009 1:00PM
@4- it's not cnbc reporting, half wit, it's fuckin Alpha magazine.
Posted by guest , Mar 25, 2009 1:02PM
@5,,Easy Maria B... Easy...
Posted by guest , Mar 25, 2009 1:02PM
9. Ruth Madoff, disgorged of $110million + property and cufflinks.
Posted by guest , Mar 25, 2009 1:04PM
bernie should be pretty high on this list.
Posted by Clown Capital , Mar 25, 2009 1:04PM
9. Randolph and Mortimer Duke
Posted by guest , Mar 25, 2009 1:05PM
How about the guys who have listed shares...GLG, Fortress, RAB. They must be in there as well. It sucks when the franchise gets marked-to-market. At least the unlisted guys can maintain the illusion that all is well.
Posted by guest , Mar 25, 2009 1:07PM
@5 I'm sorry, Imbecile, what part of:
"According to CNBC,"
can't you read? Go back to 2nd grade and come back when you can produce your GED certificate.
Posted by guest , Mar 25, 2009 1:12PM
I am the CEO of a hedge fund
What is alpha?
Posted by Clown Capital , Mar 25, 2009 1:15PM
I work in AIG FP,
What is risk management?
Posted by guest , Mar 25, 2009 1:18PM
@4 and 11, what part of "Hedge Fund manager" can't you read
Posted by guest , Mar 25, 2009 1:19PM
According to M. Waters,
#1. Retirements of her consti...consti...consti...people.
Posted by Anal_yst , Mar 25, 2009 1:30PM
Don't ya' know, things can change, they can go your way, if ya hOOOOOooooooooold on, for one more day....
Posted by guest , Mar 25, 2009 1:35PM
Icahn is gangsta
Posted by guest , Mar 25, 2009 2:11PM
@Anal_yst - Wilson f8ckin Phillips? I don't know if I'm more ashamed that you threw the reference or more ashamed at myself for picking it up.
Posted by alphadog , Mar 25, 2009 4:05PM
Neither Warren nor Bernie are hedge fund managers.
I would expect Gendell at Tontine to hit #3 or #4 on this list.
Posted by guest , Mar 25, 2009 6:52PM
Where does Dwight Anderson fall on this list- or does the operation/fund need be an ongoing concern as of the compilaton date?
RIP Ospraie.
-deez