Hedge Fund Performance in 2011 Not All Lemons

Hedge Fund Performance in 2011 Not All Lemons

Chase Coleman

Hedge fund may have had a tough year, on average – Amid political uncertainty, the debt-ceiling debate in Congress and mounting fears of a European financial crisis, the Eurekahedge index, which measures average returns, dropped 4.1 percent for the year – but that is just an average.

For every hedge fund that lost over 50%, like John Paulson’s Paulson & Co., there is another one that had returns in the upper double digits.

Chase Coleman’s Tiger Global Management had a stellar year, posting a 45% gain through mid-December, reports Barrons.

Carl Icahn returned 35% in 2011.

Jim Simons’ Renaissance Technologies fared nearly as well in 2011, returning 34.1% last year.

Ray Dalio’s Bridgewater Associates gained 25% through the end of November.

Ken Griffin’s Citadel returned 20.4% in 2011.

For David E. Shaw’s D E Shaw, 2011 was a good year as well. Its flagship Oculus fund returned 18% last year.

Philippe Laffont’s Coatue gained 16.9% in the first 10 months of the year.

John Thaler’s JAT Capital was up 14% through mid-December.

Steven Cohen’s SAC Capital had a good year. Its flagship fund was up 8% through the end of November.

Andreas Halvorsen’s Viking Global was up 7.80% through December 23.

Israel Englander’s Millennium gained 7.46% through December 22.

David Einhorn’s Greenlight was up 5% through the middle of December.

Edward Mule’s Silver Point Capital rose 4.54% in 2011, through mid-December.

via Hedge Fund Performance in 2011 Not All Lemons.