Last week, we told you about certain Tiger Cubs that were having a rough go of it this month. Today, we get some updated numbers thanks to Hedge Fund Alert. Eddie Lampert’s ESL Investments is getting walloped, off 15 percent so far this month.
As one investor put it: “A lot of guys are long and wrong in this environment.”
Here’s some other results.
Viking Global – down 4.9 percent
Shumway Capital – down 10 percent
Millennium – down 1.5 percent though May 20
SAC – down 2.9 percent
Third Point – down 4.5 percent through May 19
For Investors, May Looks to Be Cruel Month [Hedge Fund Alert]