- Advertisement -

Related

Hedge fund giants suffer in September

- Advertisement -

Stockholm (HedgeNordic) – Prominent US hedge funds led by David Einhorn, Daniel Loeb and Barry Rosenstein all suffered losses in September according to CNBC.

Einhorn’s Greenlight Capital, managing 11 billion USD of assets, has been the hardest hit on the year. Following a loss of 3.6 percent in September, the fund is down 17 percent year to date.

CNBC writes that Einhorn is delivering some of the industry’s worst numbers, thanks largely to soured bets on renewable energy company SunEdison and Consol Energy, and a losing gamble on Micron Technology.

Loeb’s 17 billion USD Third Point fell 4.8 percent in September, leaving the fund down 3.7 percent for the year.

Rosenstein’s 11 billion USD Jana Partners lost 3.8 percent in September and is now off 6.6 percent, a person familiar with the numbers said according to CNBC.

Picture: (c) isak55 – shutterstock.com

 

 

Subscribe to HedgeBrev, HedgeNordic’s weekly newsletter, and never miss the latest news!

Our newsletter is sent once a week, every Friday.

Jonathan Furelid
Jonathan Furelid
Jonathan Furelid is editor and hedge fund analyst at HedgeNordic. Having a background allocating institutional portfolios of systematic strategies at CTA-specialist RPM Risk & Portfolio Management, Mr. Furelid’s focus areas include sytematic macro and CTAs. Jonathan can be reached at: jonathan@hedgenordic.com

Latest Articles

The Madness of Crowds Creates Short Opportunities in Nordic Small Caps

Shorting Nordic small and mid-cap stocks requires more than identifying companies whose valuations appear stretched. Limited borrow availability, thin trading volumes, and unpredictable price...

Anna Svahn on Risk, Adaptability, and the Art of Portfolio Management

Anna Svahn took an unconventional route into portfolio management, building her investment experience through personal trading, writing, and entrepreneurship rather than investment banking or...

Sebastian Hallenius to Lead IKC Capital’s Next Phase

Sebastian Hallenius has joined IKC Capital as Chief Investment Officer and incoming CEO after nine years at Länsförsäkringar Fonder, where he helped bring externally...

SEB Asset Selection Marks 20 Years of Trend-Following Evolution

Twenty years is a long time in the hedge fund industry, where strategies evolve, market environments change, and investment teams come and go. Once...

Atlant Fonder Eyes €1 Billion as Fund Distribution Landscape Shifts

In the Nordic hedge fund industry, funds managing more than €1 billion have typically built their scale with strong institutional backing. Atlant Fonder’s flagship...

Cyber Risk Tops Asset Managers’ Concerns as Investment Risks Rise

Technology and cybersecurity have emerged as the leading concerns for asset managers over the coming year, even as firms report rising exposure to market,...

Allocator Interviews

Voices

Request for Proposal

- Advertisement -