The hedge fund carnage in January was widespread as
concern over monoline insurers, rogue traders and aggressive
rate cuts shook the markets.
Early estimates reported to Absolute Return,
indicate widespread pain, with the Absolute Return
Composite Index down 0.40% and U.S. Equity Index down 1.45%.
Only four of the 13 strategy composites now available were
positive for January based on the funds reporting so
After a phenomenal year in 2007, the Zweig DiMenna
International fund lost a whopping 10.6% in
January*. Kinetics Fund also bled last month,
dropping nearly 17%, after returning 29% last year.
Other marquee long/short equity shops that suffered in
January include Cantillon World (-5.3%), Cantillon US (-5.7%),
Chris Shumways SCP Ocean Fund (-4.3%), Larry
Robbins Glenview Capital Partners (-3.5% through January
25), Brett Baraketts Tremblant Partners (-7.8%), and
Steve Mandels Lone Cedar (-4.9% through January