A year to forget: York, Paulson, Maverick suffer losses

By Rob Copeland

Tue Jan 10, 2012

“Basically everything struggled."

  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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