Reuters – The first half of 2011 has been humbling for many of the $2 trillion (1.2 trillion pounds) hedge fund industry’s biggest stars, with the likes of John Paulson, David Einhorn, and Louis Bacon losing money for their investors’ money while underperforming the major U.S. stock market indexes.
At the year’s half-way point, the average hedge fund was off 2.12 percent, preliminary data from Hedge Fund Research show. By contrast, the Standard & Poor’s 500 gained 6 percent.
