Few hot hedgies kickin’ butt

The brilliant hedge-fund manager may be an endangered species. After a lousy 2011 for most hedge funds, this year isn’t turning out much better, the folks at the NY Post tell us.  Some of the bold-face industry names are trailing the S&P 500’s total return of 13.5 percent through August — a return many on Main Street get from their mutual funds.

Hotshots like David Einhorn, Dan Loeb and Bill Ackman are some of this year’s laggards.  Einhorn’s Greenlight Capital gained 10.9 percent through Aug. 31, while Loeb’s Third Point rose 7.5 percent and Ackman’s Pershing Square was up 6.9 percent, according to investors..

Hedging, it turns out, has not helped them….

Read all about it at http://www.nypost.com/p/news/business/few_hedgies_kickin_butt_emv2moAB6NwNIxo9vCGnkK?utm_campaign=OutbrainA&utm_source=OutbrainArticlepages&obref=obinsite