Hedge fund performance in November 2011 was more disappointing than any time since the bankruptcy of Lehman Brothers. Hedge funds have failed to deliver impressive returns, and it becomes more difficult for them to bet or remain their previous earns. Even hedge fund titans such as George Soros and Carl Icahn are returning investors’ money. According to HSBC’s Head Weekly, we summarized returns for certain well known hedge funds below:
1. John Paulson – Paulson & Co.: John Paulson recent apologizes to investors for his worst year in the firm’s 17-year history. His Advantage Plus fund lost 3.71% in November and 47.49% in 2011. His Advantage fund is down by 31.69% year to date. His Credit Opportunities fund is down by 3.55% MTD and 18.02 YTD.
2. Bill Ackman – Pershing Square: Pershing Square slightly lost 0.49% during November. The firm lost 4.89% year to date.
3. Dan Loeb – Third Point: Loeb’s Third Point Offshore fund is down 0.3% during November, while the fund is still up 0.61% year to date.
4. Lee Ainslie – Maverick Fund: Maverick Fund has declined by 0.31% in the first 2 days of December. It lost 12.37% so far in 2011.
5. Jim Simons – Renaissance: Renaissance Institutional Equities gained 1.53% in November. The fund is also up 32.04% YTD.
6. Israel Englander – Millennium: Englander’s Millennium Intl Ltd lost 0.13% in December 1st. The fund is up 4.9% YTD.
7. James Dinan – York Capital: Dinan’s York Investment Ltd. lost 1.25% during November. The fund is down 7.08% YTD.
8. Steve Heinz – Lansdowne: Lansdowne’s European Long Only fund lost 1.85% during November. The fund is down 13.77% YTD. Lansdowne’s UK Equity fund performed even worse. The fund lost 4.57% through August 12th and 19.44% YTD.
9. Joshua Friedman – Canyon Capital: Canyon’s Balanced Fund has gained 0.09% MTD, but lost 5.09 YTD. Canyon’s Value Realization fund lost 0.3% MTD and 4.81% YTD.
10. Edward Mule – Silver Point Capital: Silver Point Offshore fund gained 0.13% during November. The fund is also up by3.19% YTD.
11. John Bader – Halcyon: Halcyon Offshore Asset-Backed Value Fund is up 0.34% during the first 15 days of November. It is up 5.08% YTD.
12. Richard Perry – Perry Capital: Perry Partners Intl lost down 0.41% from November 30th to December 2nd. The fund is also down 5.21% YTD.
13. Robert Karr – Joho Capital: Joho gained 1.36% during November, yet the fund is down 1.38% YTD.
14. John Horseman – Horseman Capital: John Horseman’s Global Fund gained 4.2% from November 30 to December 7. The fund is up 0.41% year to date.
15. Mark Kingdon – Kingdon Capital: Kingdon Offshore fund is increased by 0.15% during the first 2 days of December. But it lost 18.43% year to date.
16. Curtis Macnguyen – Ivory Capital: Ivory Capital’s Flagship Strategy gained 0.62% in November. The fund is up 0.15% YTD.
17. Michael Messner – Seminole: Messner’s Seminole Offshore fund lost 0.90% in November. The fund is down 3.4% YTD.
18. Jacob Gottlieb – Visium Asset Management: Visium Institutional Partners Fund lost 0.1% in the first 2 days of December, and the fund is up 2.61% YTD.Visium Balance Offshore fund is up 0.32% during the same period, and is up 3.44% YTD.
19. Philippe Jabre – Jabre Capital: Jabcap Global Balanced Fund Ltd lost 5.26% in November. The fund is down 24.50% YTD.
20. Glenn Dubin – Highbridge: Highbridge Long/Short Equity Fund gained 0.44% during the first 2 days of December, and it is down 12.60% YTD.
21. Andreas Halvorsen – Viking Global: Viking Global Equities was down 0.5% during the first 2 days of December. The fund is up 7.28% YTD.
John Murphy’s Alydar is down 2%, Tom Claugus’ Bay Resources Partners Offshore fund is down 0.8%, Paul Tanico’s Castlerock is down 1.25%,Wayne Cooperman’s Cobalt Offshore is down 0.15%, Leon Cooperman’s Omega is up 0.82%,David Einhorn’s Greenlight Offshore is up 2.7% and Ricky Sandler’s Eminence is up 0.2% during November
Overall we can say that hedge fund performance in November is not very well. Several hedge funds lost big in their year to date returns.
