{"id":63240,"date":"2018-04-15T00:39:27","date_gmt":"2018-04-15T04:39:27","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=63240"},"modified":"2018-04-17T01:08:11","modified_gmt":"2018-04-17T05:08:11","slug":"hedge-funds-no-longer-need-the-star-system-2","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2018\/hedge-funds-no-longer-need-the-star-system-2.html","title":{"rendered":"Hedge Funds No Longer Need the Star System"},"content":{"rendered":"<p>(Bloomberg) Hedge funds\u2019 brightest lights have fallen on hard times, but don\u2019t shed a tear for the industry just yet.       The list of once-revered-now-humbled hedge fund managers is growing. Alan Fournier is shutting Pennant Capital Management after nearly two decades, acknowledging that \u201crecent returns have been disappointing.\u201d David Einhorn\u2019s main hedge fund at Greenlight Capital was down 14 percent in the first quarter after a decline of 4.1 percent annually from 2015 to 2017. Pershing Square Capital Management\u2019s Bill Ackman called his recent returns \u201cparticularly unsatisfactory,\u201d and investors apparently agree.<\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/gadfly\/articles\/2018-04-12\/hedge-funds-no-longer-need-the-star-system\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) Hedge funds\u2019 brightest lights have fallen on hard times, but don\u2019t shed a tear for the industry just yet. The list of once-revered-now-humbled hedge fund managers is growing. Alan Fournier is shutting Pennant Capital Management after nearly two decades, [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-63240","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/63240","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=63240"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/63240\/revisions"}],"predecessor-version":[{"id":63241,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/63240\/revisions\/63241"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=63240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=63240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=63240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}