European Hedge Funds 2010 Performance

Yesterday we summarized 2010 returns of  US hedge funds. Reuters published a story listing European hedge funds’ 2010 performance:

Louis Gargour’s LNG Europa Credit fund: Louis Gargour’s fund, which returned 80% last year, is reportedly up 76.8% through November. The fund invests in corporate credit.

Cheyne Capital’s European Event Driven Fund: Through November the fund returned 19%.

Polygon Investment Partners European Opportunity Fund: Polygin Investment Partners’ fund gained around 27%.

Bill Ackman’s Pershing Square International Fund: Bill Ackman’s International fund reportedly returned 19% through November.

They also reported partial performance results for American funds. David Tepper’s Appaloosa Investment Fund increased almost 21 percent through October. David Tepper will most likely make more than each of the $355 Million Mega Millions Jackpot winners did. According to Reuters, other funds’ performance were as follows:

“Israel Englander’s Millennium International was up about 11 percent through December 2. Man Group’s $22.6 billion AHL fund rose 11.6 percent in the 12 months to December 27 as gains this month helped offset losses in November, while Bluecrest’s BlueTrend fund returned 8.7 percent in the 11 months to end-November, according to figures seen by investors.”