Altis and Paulson Run Funds Underperform in 2011
Large hedge funds run by hedge fund giants like Altis Partners and Paulson & Co. are down big in 2011. While the average hedge fund is down 3.76%, just about .5% worse than the -3.1% return posted by the S&P 500 (Hedge Fund Research), there are a number of large hedge funds down over 20% in 2011. Some of the biggest hedge fund losers in 2011 include Altis Fund, Altima Global Special Situations Fund, Paulson Advantage Fund, MLM Macro Fund, and CRM Windringe, according to the returns from Lyxor Managed Account Platform Data.
As of September 1, 2011, Altis has $1.38 billion in AUM, Altima Partners has $1.6 billion in AUM, Paulson & Co. has $35.5 billion in AUM, Mount Lucas Management (MLM) has $1.7 billion in AUM, and Cramer Rosenthal Mcglynn (CRM) has $14.2 billion in assets under management, according to The Blue Heron Group.
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