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.
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.
Larry Robbins (Photo: Bloomberg)
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.
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