So...how are some of the top hedge funds doing?

Parent Cafe
1

<p>Tough year for some…</p>

<p>[It’s</a> Not Just Paulson: Look At All The Other Big Names Getting Crushed In 2011](<a href=“http://www.businessinsider.com/hedge-funds-killed-2011-2011-10]It’s”>It's Not Just Paulson: Look at All the Other Big Names Getting Crushed in 2011)</p>

<p>“John Paulson’s Advantage Plus fund was down an absolutely brutal 47 percent through September.
He’s not the only one.
Institutional Investor runs over losses this year, including:
Mark Mobius’s Templeton Emerging Market Fund is down 23 percent through September
Lee Ainslie’s Maverick Fund is down 17 percent
Paul Ruddock’s Global Financials Fund is down 19 percent
Leon Cooperman’s Omega Fund is down 12 percent
Bill Ackman’s Pershing Square is down 16 percent”</p>

2

<p>dstark, why do you think they are down this year?</p>

<p>I know Paulson got screwed by the chinese, but what about the rest?</p>

3

<p>they are all down for the same reason - the market is down and they bet that the economy was going to get better.</p>

4

<p>Hedge Funds are Mutual Funds for the moneyed class. It’s not so much the management expertise that you hire but the fact the HF’s unlike MF’s are allowed to short and invest in instruments that MF’s are not allowed to. But most importantly they are allowed to leverage. Typically 3 to 1. Hence the big +/- ROI.</p>

5

<p>They can play all they want with leverage just like any retail investor can - but the bottom line is they are long the market and we’re going into a recession so they will lose more unless they hedge their bets going forward.</p>

6

<p>It must be one of the reasons why our friend, co-founder of a hedgefund, retired early this year. Just received his change of address.</p>