Hedge Funds

Hedge funds continue to take a beating in May


The poor performance that battered many big hedge funds in April continued through the first half of May, with many funds on the losing side of zero at the mid-month mark. As rumors about non-existent blow-ups swirled throughout the marketplace mid-month, investors and managers alike feared that the hype and rumor about mass liquidations of some hedge funds could cause investors to irrationally stampede for the exits, which would further exacerbate the problem.

Thane Ritchie's RAM Capital Investments Ltd. was down an estimated 1.30% through May 15 and was said to be down 4.75% for the year-to-date. Tudor's main