New York (HedgeCo.net) – Recent data released from Hedge Fund Research shows that the average hedge fund declined by 2.76% during the month of January which is considerably better than the 5% the S&P lost. Our own HedgeCoVest Long/Short Index fell 2.35% during the month of January.
Some of the higher-profile hedge funds are the ones getting off to the worst starts this year. A recent Business Insider story listed some of the returns for the month of January.
• Tiger Global Investments -14%
• Glenview Capital Partners -13.65%
• Omega Overseas -9.93%
• Marcato International -9.31%
• Pershing Square -9.3%
• Third Point Offshore Fund -3.4%
One fund that did manage a gain in January was David Einhorn’s Greenlight Capital which gained 1.4% during the month after losing over 20% last year.
Rick Pendergraft
Research Analyst
HedgeCoVest
