Mixed January For Prominent Hedge Funds

Hedge funds had a very mixed January, according to early indications from industry indices, and the biggest names in the industry were no exception.

Take Moore Capital Management. The New York-based hedge fund has seen its $7.2 billion Global Fund—managed by Louis Bacon—gain a modest 0.49% this year, according to HSBC Private Bank. Meanwhile, the Moore Emerging Market fund, managed by former GLG star Greg Coffey, is up 1.02%. But the firm’s Macro Managers fund is down slightly in 2010, dropping 0.25% in the early going.