A year to forget: York, Paulson, Maverick suffer losses
January 10, 2012
Rob Copeland
“Basically everything struggled."
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John Paulson had a lot to ponder in 2011.
(Photo: Bloomberg) |
As final numbers for 2011 continue to trickle in, one thing is certain: For many hedge funds, last year was one to forget. The AR Composite Index lost 0.48%, just the second negative showing in the 14 year history of the index, though substantially better than the worst year, 2008, when the index fell 6.98%. Nearly 60% of the funds in the index lost money.
“I don’t think there’s any way around the fact that 2011 was disappointing,” said Arvin Soh, a portfolio manager who oversees investments in macro and commodities hedge funds...
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