2008's Big Hedge Fund Losers
1. Kenneth Griffin, Citadel Investment Group. Lost $2 billion. Its two biggest funds were down 55 percent each.
2. Edward Lampert, ESL Partners: Lost $1 billion, partly thanks to Sears losses.
3. Steven Cohen, SAC Capital Advisors: Lost $750 million.
4. Jeffrey Gendell, Tontine Partners: Lost $625 million. Hurt by illiquidity in smaller holdings.
5. Stephen Mandell Jr., Lone Pine Capital: Lost $550 million. Heavy overseas losses.
6. T. Boone Pickens Jr., BP Capital MGMT: Lost $450 million. The best known of the lot by the general public, the water-and-wind advocate had a terrible 2008.
7. David Tepper, Appaloosa mgmt: Lost $425 million.
8. Carl Icahn, Icahn Enterprises: Lost $400 million. The activist investor held a lot of Yahoo and Motorola stock.
March 26, 2009; 2:23 PM ET
Categories: The Ticker | Tags: Carl Icahn, T. Boone Pickens, hedge funds
Save & Share: Previous: Rep. Manzullo to Geithner: Your Plan Is 'Radical'
Next: Google Cutting 200 Sales People
The comments to this entry are closed.