{"id":51160,"date":"2016-01-06T07:16:56","date_gmt":"2016-01-06T12:16:56","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=51160"},"modified":"2016-01-06T07:16:56","modified_gmt":"2016-01-06T12:16:56","slug":"ackman-and-einhorn-both-divulge-20-losses-for-the-year","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2016\/ackman-and-einhorn-both-divulge-20-losses-for-the-year.html","title":{"rendered":"Ackman and Einhorn Both Divulge 20% Losses for the Year"},"content":{"rendered":"<p>New York (HedgeCo.net) \u2013 2015 is in the rearview mirror now and for two of the hedge fund industry\u2019s more prominent names, that view is a welcome sight. Bill Ackman and his fund Pershing Square and David Einhorn and his Greelight Capital both released their performance numbers on Tuesday and both showed losses of 20% or more.<\/p>\n<p>For Ackman the final loss came in at 20.5% and a good portion of that loss can be attributed to one of their top holdings, Valeant Pharmaceuticals (NYSE: VRX), being down almost 29% during 2015. For Einhorn the loss was right at 20% and a good portion of the loss at Greenlight can be attributed to the 76.5% loss in Consol Energy.<br \/>\nThis is the first annual loss for Pershing Square in the firm\u2019s 11-year history and for Greenlight it is the first annual loss since 2008 when the fund lost 23%. <\/p>\n<p>Early indications from industry research firm HFR show that the average hedge fund lost 3.49% in 2015, so the losses by Pershing Square and Greenlight were well above the average. These two funds will likely see more leeway from investors when it comes to redemptions given their long-term track records, but they will also want to bounce back in 2016. <\/p>\n<p>Rick Pendergraft<br \/>\nResearch Analyst<br \/>\nHedgeCoVest<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.net) \u2013 2015 is in the rearview mirror now and for two of the hedge fund industry\u2019s more prominent names, that view is a welcome sight. Bill Ackman and his fund Pershing Square and David Einhorn and his [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[919,16,3,16048],"tags":[],"class_list":["post-51160","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-research","category-hedgeco-networks-press-releases","category-hedgeco-news","category-hedgecovest-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/51160","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=51160"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/51160\/revisions"}],"predecessor-version":[{"id":51161,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/51160\/revisions\/51161"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=51160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=51160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=51160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}