‘08’s Laggards Lead Hedge Funds As ’09 Comes To A Close

Dec 22 2009 | 11:51am ET

Some of last year’s hardest-hit hedge funds have bounced back in a big way this year, with returns large enough to make last year’s losses a distant memory.

Glenview Capital plummeted 49% last year, a decline far worse than that of the average hedge fund, which lost about 20%. But the $4.5 billion firm, which focuses on equities, has soared 80% this year. And it isn’t alone.

Canyon Capital Advisors, the $7.5 billion distressed debt specialist, lost 28% last year. This year, it’s returned 56%, The Wall Street Journal reports.

And while it’s been a rough couple of weeks for SAC Capital Advisor’s Steven Cohen personally, it’s been quite a good year. The Stamford, Conn.-based hedge fund giant, which lost 19% last year, is up 26% this year.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of