BusinessInsider writes that May was not a pretty month for many investors as uncertainty
from the Eurozone and mixed economic growth data for the U.S. affected market
sentiment, and that meant hedge funds also became victims.
Data from Bloomberg showed that hedge funds were down an
average of 2.9 percent in May, though the stock market was a lot worse, with
the S&P fallng 6.3 percent last month.
But when we get into specifics, the situation looks even worse for some
of the most prominent hedge fund managers these days. Here's a rundown (from
Reuters, Bloomberg)—
Whitney Tilson's T2 Partners: - 13.6 percent
Bill Ackman's Pershing Square: - 7 percent
Dan Loeb's Third Point: - 2.6 percent
Paul Singer's Elliot Management: - 1.4 percent
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