Hedge Fund Returns In 2011

HSBC published the Hedge Weekly #53, revealing a list of hedge funds’ return in 2011. The report didn’t have some of the hedge funds Insider Monkey is tracking, so we updated those returns. Some of the returns weren’t up to date, we updated those as well. We will update this list through the end of this month as we get more investor letters about hedge funds’ 2011 performance.
1. John Paulson – Paulson & Co: John Paulson apologized in November to his investors for his worst year in the firm’s 17-year history. As of December 16th, Paulson’s Advantage Plus fund lost around 52%. His Advantage fund is down around 36% through December 16th. His gold fund is also down by around 7% through mid-December.

  1. Bill Ackman – Pershing Square: Pershing Square lost 1.1% in 2011.
  2. Dan Loeb – Third Point: Loeb’s Third Point Offshore fund lost 0.1% in 2011.
  3. Lee Ainslie – Maverick Capital: Maverick Fund lost 14.56% through December 23rd.
  4. Jim Simons – Renaissance: Renaissance Institutional Equities gained 1.97% from November 30 to December 23. The fund was also up 34.66% through December 23rd.
  5. Israel Englander – Millennium: Englander’s Millennium Intl Ltd gained 0.19% in the first 22 days of December. The fund is up 7.46% through December 22nd.
  6. James Dinan – York Capital: Dinan’s York Investment Ltd. lost 7.22% through December 23rd.
  7. John Thaler – JAT Capital: JAT Capital had generated a 38% return at its peak in early September. Betting on Netflix didn’t help the fund in the fourth quarter. JAT is still up 14% through mid-December.
  8. Steve Heinz – Lansdowne: Lansdowne’s European Long Only fund gained 1.51% after November, while it is down 12.47% through December 23rd. Lansdowne’s UK Equity fund performed even worse. The fund lost 19.65% in the same time period.
  9. Joshua Friedman – Canyon Capital: Canyon’s Balanced Fund has gained 0.1% in November, but lost 5.08 in the first 11 months of 2011.
  10. Edward Mule – Silver Point Capital: Silver Point Offshore fund gained 0.95% during the first half of December. The fund was also up 4.54% through mid-December.
  11. John Bader – Halcyon: Halcyon Offshore Asset-Backed Value Fund is up 0.05% during the first 15 days of December. It is up 4.44% through December 15th.
  12. Richard Perry – Perry Capital: Perry Partners Intl lost 3.12% from November 30th to December 23rd. The fund was also down 7.79% through December 23rd.
  13. Robert Karr – Joho Capital: Joho Capital is up 0.1% through December 23rd.
  14. John Horseman – Horseman Capital: John Horseman’s Global Fund lost 2.66% through December 28th.
  15. Mark Kingdon – Kingdon Capital: Kingdon Offshore fund lost 17.73% through December 23rd.
  16. Curtis Macnguyen – Ivory Capital: Ivory Capital’s Flagship Strategy lost 3.14% through December 23rd.
  17. Michael Messner – Seminole: Michael Messner’s Seminole Capital lost 0.6% in 2011. This is the first time since 2002 Seminole Capital had a losing year. The fund gained 0.6% in 2008.
  18. Stephen Mandel – Lone Pine Capital: Lone Pine’s best performing fund is Lone Kauri which is down 3.8% through the end of September. Its worst performing fund is Lone Dragon Pine which is down 25.3% through September.
  19. Bruce Berkowitz – Fairholme: Bruce Berkowitz also had a terrible year. Fairholme lost 34.9% in 2011.
  20. Jacob Gottlieb – Visium Asset Management: Visium Institutional Partners Fund is up 0.86% through December 23rd. Visium Balance Offshore fund is up 1.45% in the same time frame.
  21. Philippe Jabre – Jabre Capital: As of December 20th, Jabcap Global Balanced Fund Ltd is down 26.88%.
  22. Glenn Dubin – Highbridge: Highbridge Long/Short Equity Fund is down 12.90% through December 23rd.
  23. Andreas Halvorsen – Viking Global: Viking Global Equities is up 7.80% through December 23rd.
  24. John Murphy – Alydar: Alydar Fund Ltd lost 0.48% through December 23rd.
  25. Leon Cooperman – Omega Advisors: The Omega Overseas fund is down 2.22% through December 23rd.
  26. Ricky Sandler – Eminence Capital: Eminence Fund is up 0.72% through December 23rd.
  27. Tom Claugus – Bay Resources: Partners Offshore fund lost 9.13% in 2011 through November 30th.
  28. Paul Tanico – Castlerock: The fund lost 21.28% through the end of November.
  29. Wayne Cooperman’s Cobalt: Cobalt Offshore fund lost 0.39% through November 30th.
  30. David Einhorn’s Greenlight: Greenlight Capital is up abut 5% through mid-December.
    32: Crispin Odey’s Odey Asset Management: The Odey European fund lost 5.34% in the first 14 days of December. The fund also lost 22.67% in 2011 through December 14th.
  31. Steven Cohen SAC Capital: SAC Capital’s flagship fund is up about 8% through the end of November.
  32. Whitney Tilson – T2 Partners: T2 Partners lost 25% through the end of November.
  33. Ray Dalio – Bridgewater Associates: Ray Dalio’s successful fund gained 25% through the end of November.
  34. Jeffrey Altman – Owl Creek Asset Management: Jeffrey Altman’s hedge fund is down around 13% through the end of November.
  35. Jiang Ping – Ping Capital: Ping Capital is down 5% through the end of November.
  36. Paul Tudor Jones – Tudor Investment Corp: Tudor Tensor Fund is down 1.3% through the end of November.
  37. John Burbank – Passport Capital: Passport Global Fund lost 11.6% through the end of September.
  38. Joel Greenblatt – Gotham Asset Management: Formula Investing U.S. Value 1000 fund is up 1.7% in 2011. This is a mutual fund using Greenblatt’s magic formula.\

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Wow, didn't know Viking Global did that good last year.

CNBC sucks "This financial crisis is worse than a divorce. I've lost all my money, but the wife is still here." - Client after getting blown up
 

Joel Greenblatt – Gotham Asset Management: Formula Investing U.S. Value 1000 fund is up 1.7% in 2011. This is a mutual fund using Greenblatt’s magic formula.\

Is this the magic formula that he talks about in "Little Book that Beats the Market?"

 

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