(Reuters) It only took six months for some of the world’s most prominent team-based hedge funds to go from winners to losers.
Blackstone Group’s Senfina Advisors, Citadel’s Global Equities Fund and the Visium Global Fund were among the so-called multi-manager funds that cut into last year’s sizable gains with deep losses over the first half of the year, data seen by Reuters show.
Senfina dropped 15 percent in the January-June period after a 12 percent gain in the second half of 2015, which had helped the fund end last year with a return of roughly 20 percent.
