• 25 Mar 2009 at 12:46 PM

(Some Of) Alpha’s Biggest Hedge Fund Losers

By Bess Levin

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)
Picture 974.png
2. Eddie Lampert, down $1 billion
Picture 975.png
3. Steve Cohen, down $750 million
Picture 978.png


4. [insert here]
5. [insert here]
6. T. Boone Pickens, down $450 million
Picture 976.png
7. [insert here]
8. Carl Ichan, down $400 million
Picture 977.png
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.”

Comments (20)

  1. 1
    Posted by guest | March 25, 2009 at 12:55 PM

    4. Thurston J. Howell, III

  2. 2
    Posted by guest | March 25, 2009 at 12:57 PM

    thaats a shame

  3. 3
    Posted by IA | March 25, 2009 at 12:57 PM

    7. Timothy Sykes

  4. 4
    Posted by guest | March 25, 2009 at 12:58 PM

    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.

  5. 5
    Posted by guest | March 25, 2009 at 1:00 PM

    @4- it’s not cnbc reporting, half wit, it’s fuckin Alpha magazine.

  6. 6
    Posted by guest | March 25, 2009 at 1:02 PM

    @5,,Easy Maria B… Easy…

  7. 7
    Posted by guest | March 25, 2009 at 1:02 PM

    9. Ruth Madoff, disgorged of $110million + property and cufflinks.

  8. 8
    Posted by guest | March 25, 2009 at 1:04 PM

    bernie should be pretty high on this list.

  9. 9
    Posted by Clown Capital | March 25, 2009 at 1:04 PM

    9. Randolph and Mortimer Duke

  10. 10
    Posted by guest | March 25, 2009 at 1:05 PM

    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.

  11. 11
    Posted by guest | March 25, 2009 at 1:07 PM

    @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.

  12. 12
    Posted by guest | March 25, 2009 at 1:12 PM

    I am the CEO of a hedge fund
    What is alpha?

  13. 13
    Posted by Clown Capital | March 25, 2009 at 1:15 PM

    I work in AIG FP,
    What is risk management?

  14. 14
    Posted by guest | March 25, 2009 at 1:18 PM

    @4 and 11, what part of “Hedge Fund manager” can’t you read

  15. 15
    Posted by guest | March 25, 2009 at 1:19 PM

    According to M. Waters,
    #1. Retirements of her consti…consti…consti…people.

  16. 16
    Posted by Anal_yst | March 25, 2009 at 1:30 PM

    Don’t ya’ know, things can change, they can go your way, if ya hOOOOOooooooooold on, for one more day….

  17. 17
    Posted by guest | March 25, 2009 at 1:35 PM

    Icahn is gangsta

  18. 18
    Posted by guest | March 25, 2009 at 2:11 PM

    @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.

  19. 19
    Posted by alphadog | March 25, 2009 at 4:05 PM

    Neither Warren nor Bernie are hedge fund managers.
    I would expect Gendell at Tontine to hit #3 or #4 on this list.

  20. 20
    Posted by guest | March 25, 2009 at 6:52 PM

    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

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