News

Eddie Lampert Takes 15 Percent Beating This Month

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]

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188 Responses to “Eddie Lampert Takes 15 Percent Beating This Month”

  1. Anonymous says:

    LONG AND WRONG? I was LONG AND HARD the whole time!

  2. Anonymous says:

    As a hedge fund, you really have no fucking excuse to ever underperform the S&P, ever. For 2 and 20 you should offer some fucking value.

  3. Anonymous says:

    I’m long and strong and down to get the friction on

    – SML

  4. Anonymous says:

    @2, are you clueless? how about long term returns exceeding the average by a good margin after fees? you wouldn’t pay for that? try to learn the rule of 72 and rethink your position. idiot.

  5. 2/20 guy says:

    @2 over what time period? I prefer investors judge me over 20 years.

  6. Anonymous says:

    any word on Labeouf Capital Management?

  7. Anonymous says:

    @2 period ?

  8. MisterB says:

    Did you find that out while googling “rich people in ct”?

  9. Anonymous says:

    Down 15 is the new killing it.

  10. Anonymous says:

    Is this the end of Citadel, finally? Does the guy get yet another mulligan?

  11. Anonymous says:

    2- Dad? Is that you?

  12. Anonymous says:

    It’s Fleet Week in NYC and I bet Zach’s anus is going to take a beating.

  13. Anonymous says:

    When a pack of hyenas takes down a young wildebeest, is that good or evil?

  14. Anonymous says:

    you’d be a rich sole if you shorted everything that old geezer bought in the past few years….blockbuster = junk…..motorola = toilet paper…..yahoo = rubbish…..etc etc etc

  15. kungfugrip says:

    @13 It’s good and the hyena was just being brutally honest/searching for the truth – “The Principles” what a fucking kook —

  16. PermaGuest says:

    Depends– can we shoot the hyenas though?

  17. Anonymous says:

    He doesn’t lose money; he prints it!!

  18. Anonymous says:

    I am the CEO of a hedge fund. What is “2 and 20″?

  19. Anonymous says:

    @18. I believe it’s “I am the CEO of a hedge fund. What is “risk management″?

  20. PermaGuest says:

    @15 What is the attraction of ersatz Nietsche for some guys in finance? If your livelihood (and wealth) depends on the rule of law and abstract concepts like contractual obligations, fiat money and the limited liability corporation, why would you espouse a doctrine that in essence holds that LITERAL rape, pillage and theft is OK so long as the strong ones are doing said rape and pillage?

  21. @20 wat. Nietsche never said that. You are thinking of Machiavelli.

  22. PermaGuest says:

    @21 that’s why I said ersatz Neitzsche. The Ubermensch and all that nonsense. Taking the (weird) example originally cited, the “strong” (hyeanas) kill the “weak” (wildebeestes) and that is therefore right b/c the hyeanas are culling the weak blah blah blah (of course hyeanas are scavengers and in classical tradition associated w cowardice but whatever).

    Been a while since I read The Prince but it wasn’t quite as much civilization=bad (‘course renaissance Italy had a lot more immediate experience w the bad side of lawlessness than late 19th century Germany…)

  23. @22 My mistake thought you were talking about Friedrick. Machiavelli says, “the ends justifies the means” in Discourses I believe.

  24. Anonymous says:

    I am the CEO of a hedge fund, what does hedge mean?

  25. guest says:

    @4,5,7 and all other smart asses. I say a hedge fund should outperform SPX every day, in and out, like GS does, for example. No excuse for having a down day, ever. Otherwise I take my money to the guy I met in Boca country club, he was quite convincing with that split strike strategy of his. With rising volatility he should be making a killing now.

    PS: SP 500 is not a name, it’s a forecast…

  26. Anonymous says:

    Someone call for a pizza?

  27. Anal_yst says:

    @17

    That’s Bernanke’s line, get it straight!

  28. Anonymous says:

    @2/25

    Should outperform it everyday? Right. This is why you don’t work in in this industry. You can go back to Yahoo Finance now.

  29. Anonymous says:

    @optionstrader, stick to sucking off homos in san fran instead of philosophy

  30. Anonymous says:

    Ersatz, the lesser known of the Neitzsche brothers.

  31. kungfugrip says:

    @20 was following on from 13 who was referring to May 11 Ray Dalio/Bridgewater “Principles” blog ..please try and keep up

    Oh – and many congratulaitons on passing Philosophy 101 at Phoenix U.

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