First half roundup: Caxton, Glenview, Owl Creek gain while Metacapital, SPM, Bridgewater lose

By Lawrence Delevingne

Mon Jul 15, 2013



2013 hedge fund performance mixed following a nasty June.


   
   Glenview's Larry Robbins (Photo: Bloomberg)
In the first quarter, most hedge funds gained alongside Mr. Market. In the second, the two danced together again, leaving many managers down for the quarter after a brutal June.

The Absolute Return Composite Index of all hedge fund strategies is up just 2.90% in the first half of the year after falling 0.87% in June. That compares to a 13.8% rise by the S&P 500 Index and an 8.44% gain for the MSCI World index over the first six months of 2013.

Despite that generally mediocre performance, some hedge funds are up substantially this year, including those managed by Glenview Capital Management (28.88%), Owl Creek Asset Management (24.63%) and Senvest Partners (39.97%), Caxton Associates (15.90%) and Solus Sola Fund (16.30%). Those funds and more are listed in the chart below.

"While...

ISSN: 2151-1845 / CDC10004H

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