The Hennessee Index declined 5.5% in October, while the The Greenwich Hedge Fund Index was down 5.1% and 14% for the year. Yet despite the last couple months of poor hedge fund returns, these losses pail in comparison with the S&P 500 which is down more than 35% on the year and was down 16% in October, three times as much as the hedge fund indeces.
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Showing posts with label hedge fund losses. Show all posts
Showing posts with label hedge fund losses. Show all posts
11.10.2008
More Pain for Clarium Capital
Clarium Capital faces more pain in October losing more than 18%. They had bet on expanding yields, but instead the market contracted. Clarium Capital is now negative for the year after being up as much as 27%. Jana Partners and Passport Capital also had difficult months with Passport's fund down an amazing 38% in October and 44% for the year.
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Citadel Investment Group Fund down 30% Through October 2008
Citadel Investment Group's largest hedge fund was down 30% for the 08 year through September amid losses on corporate debt, stocks, and convertibles. Citadel founder Ken Griffin expects volatility to continue to rock the market in the months ahead. Griffin admits not being pessimistic enough about the economic and market outlook. Citadel plans to launch additional single-strategy hedge funds including a macro fund, convertible fund, and a fixed income hedge fund.
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