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Trader Monthly Rankings Spark Cat Fight

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Despite their funds’ failure to do jack last year*, Art Samberg and Louis Bacon, of Pequot Capital Management and Moore Capital, both took home hefty ransoms at around $250 million and $400 million, respectively. Some people think this is an outrage, and not just the Lilliputian kind, like Tom Hudson’s leaky deck.
Roddy Boyd notes that two of Moore’s biggest funds (a global bond fund and a global multi-strategy fund) returned a paltry 5% and 11.4% through mid-December, versus the 7.52% and 12.99% returned by comparable indexes from
Some eyebrow raisers may be reacting out of petty jealousy—which is really the only way to do it—as Samberg and Bacon both made Trader Monthly’s “TM 100 list” this year, a ranking of Wall Street’s highest earners (guess we know how they pulled off that one, wink, wink). They don’t actually care that S and B are THIEVING (caps imply that we do, btw), but that they inched out two more worthy individuals from a place on that coveted list. When you’re that rich, it’s not the money that matters, it’s the street cred.
FT Alphaville argues that these rankings mean nothing, “stupid” (those Brits get cheeky when it comes to this shit!). But FT and Co. were probably not aware of the fact that a place on this list is a coveted, coveted position, and not to be taken lightly, not because it actually means anything or is indication that your maid's salary is triple mine, but because, apparently, Trader Monthly is in the business of giving out fantastic swag like the engraved item pictured above. That alone makes a little bitching and elbowing worth it.
Hedge fund rankings: it’s all about risk, stupid [FT Alphaville]
*Before you leave a rant in the comments, note that we use this phrase liberally. We know that they actually made a few bill. last year.


Paulson And Co To Provide Monthly 'My Bad'

Which is pretty nice of him. John Paulson, the billionaire hedge- fund manager seeking to reverse record losses in 2011, lost 6.7 percent last month in one of his largest funds as gold-mining stocks dropped, said two people briefed on the returns. The decline leaves Advantage Plus, which seeks to profit from corporate events such as takeovers and bankruptcies and uses leverage to amplify returns, down 8.8 percent this year, said the people...Paulson & Co. will now send a “brief commentary” along with its monthly performance estimates to investors, Paulson said in the letter. He is seeking to reverse 2011 losses from an ill-timed bet on an economic recovery, which caused him to scale back risk before stock markets started to rally late in the year. About 20 percent of Paulson’s investor base is currently underwater on the fund holdings, one of the people said. Paulson Hedge Fund Said to Extend Slump With April Loss [Bloomberg]