September slaughter: Highbridge, Kingdon, Maverick, Omega, Paulson, and York fall big
By Lawrence Delevingne
Fri Oct 7, 2011
But this year has been great for some, with Bridgewater up 25%.
The market volatility of August and September has turned
dramatic gains into painful losses at some of the world's
largest and most respected hedge funds. Notably, veteran
currency trader Melissa Ko's Covepoint Emerging Markets Macro
Fund, which was up 20.20% through August, fell an estimated
37.87% in September as the dollar rose against several foreign
currencies, bringing it down 25.32% for the year.
As with August, September challenged the industry with high
volatility and declining stock indices. The AR composite index
fell an estimated 1.49% during the month, putting it...
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