• 25 Mar 2009 at 12:46 PM

(Some Of) Alpha’s Biggest Hedge Fund Losers

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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.”

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    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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