Monday, 29 June 2015
Last updated 1 hour ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…