Tags: Blue Mountain, Boaz Weinstein, Caxton Global, Cobalt Offshore, CQS U.K., Fortress, Greenlight, Hedge Funds, Landsdowne Global, Marathon, May sucked, Millennium, Moore Capital, Odey European, Owl Creek, Paulson Advantage, Paulson Credit, performance, Perry Capital, Pershing Square, QVT, RenTech, Saba Capital, Sancus Cpaital, Shumway Capital, Tudor Investment Corp, Viking Global, York Capital
May was the worst month for hedge funds since October 2008. The HFRX Global Hedge Fund Index lost 2.6 percent and Louis Moore Bacon got hammered. Not Boaz Weinstein. Yeah, he might have lost $1 billion at Deutsche Bank, but that’s old news. Boaz’s Saba Capital (Hebrew for grandfather) bucked the trend in May, up 1.6 percent for the month and 5.8 percent for the year.
Here’s some other winners and losers from May: Read more »
Tags: Eddie Lampert, Hedge Funds, Millennium, SAC, Shumway Capital, Third Point, Viking Global
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. Read more »
Tags: David Ott, long good-byes, O. Andreas Halvorsen, quarterly letters, softball, Viking Global
Andreas Halvorsen’s first quarter letter (“we are disappointed with the investment performance”) and the departure speech of David Ott (AH’s “closest partner, trusted-friend and Viking co-founder”).
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