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Complete April And YTD Hedge Fund Performance Summary

Tyler Durden's picture


Now that the market (and by market we mean AAPL of course) suddenly feels like it could have far less bid-side support, and hedge fundies, up until this point relishing that definitely certain year end bonus, are once again getting very nervous that the comp situtation could be a replay of 2011, we bring them some respite: because the only thing that can bring a smile to a PM with a red P&L is known that the guy down the street is redder. Below is that latest full breakdown of monthly and YTD performance courtesy of HSBC. And yes, as pointed out yesterday, it does seem that David Tepper, did Topper-tick the market...

Top 20 funds in either direction:

Select fund performance:


And the full prezo:



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Tue, 05/15/2012 - 14:02 | 2428154 tu-ne-cede-malis
tu-ne-cede-malis's picture

Keynes Leveraged Quantitative Strategies on the bottom 20 performers list?  Hmm...


Tue, 05/15/2012 - 14:12 | 2428193 CPL
CPL's picture

Anyone of them not making a high teens double digit catch aren't even meeting inflation.


Everyone on board the fail train, next stop...poor house.


BTW it's nearly 2:30, close your positions...HFT's are wrapping up for the day.

Tue, 05/15/2012 - 15:56 | 2428697 Carl Spackler
Carl Spackler's picture

Anyone of them not making a high teens double digit catch aren't even meeting inflation.


You mean the investors in the fund aren't meeting inflation.

The fund managaers still find a way to take their fees...except no 2/20 for most of them.

Translation: still headed to the poor house unless they lower their lifestyles and save their shekels

Tue, 05/15/2012 - 14:04 | 2428159 jarboejl
jarboejl's picture

What is the Paulson Advantage?  Losing your money in the most effecient way possible?

Tue, 05/15/2012 - 14:07 | 2428178 fireangelmaverick
fireangelmaverick's picture

Its Predecessor "The Paulson Disadvantage Fund" was shockingly unpopular, hence the name change. 

Tue, 05/15/2012 - 14:10 | 2428199 CPL
CPL's picture

Effecient and effective.

Tue, 05/15/2012 - 14:05 | 2428168 midgetrannyporn
midgetrannyporn's picture

The beauty is that managers get 20% of paper gains. Investors on the other hand must cash out first, which can be dicey.

Tue, 05/15/2012 - 14:06 | 2428170 fonzannoon
fonzannoon's picture

I am curious, for yield right now would people rather own HYG or GDXJ?

Tue, 05/15/2012 - 14:20 | 2428229 ZeroPower
ZeroPower's picture

HYG times a million. Ever since the calamity that was 08/09 we're seeing a very low amount of credits default. This bodes particularly well not only for IG, but HY as well. Hence the demand we've seen (ignoring the technicals for a moment...) in HY instruments. 2011 was a record year for low defaults, so far 2012 is at roughly the same run-rate.

Tue, 05/15/2012 - 14:22 | 2428245 fonzannoon
fonzannoon's picture

Okay same question if you had to hold them for a year.

Tue, 05/15/2012 - 14:12 | 2428209 The trend is yo...
The trend is your friend's picture

chargin 2 and 20 and only 4 funds in double digits,  Which idiots get talked into these funds.  They must have the best sales teams in the world

Tue, 05/15/2012 - 14:15 | 2428213 jmcadg
jmcadg's picture

Love it, the The Paulson Advantage Plus  - The plus being fucked in the ass for an extra 3.8%.

Tue, 05/15/2012 - 14:18 | 2428223 Timmay
Timmay's picture

Are these returns net of fees?

Tue, 05/15/2012 - 14:24 | 2428239 Dr. Engali
Dr. Engali's picture

So with the Paulson Advantage Plus you get the luxury of paying even more money to lose....more money. Wait is that the way it's supposed to work? I guess for Paulson it is.

Tue, 05/15/2012 - 14:32 | 2428274 junkyardjack
junkyardjack's picture

Paulson FTW, how's that gold holding doing?

Tue, 05/15/2012 - 14:53 | 2428360 i love cholas
i love cholas's picture

I thought the purpose of a Hedge Fund was to make money no matter what the market does? Dummies 

Tue, 05/15/2012 - 15:40 | 2428585 Tsunami Wave
Tsunami Wave's picture

I can't see Hayman Capital on here.. aka Kyle Bass' fund.

Tue, 05/15/2012 - 17:04 | 2428983 I should be working
I should be working's picture

What I want to know is what is the average return for the group net of fees and commissions and how many basis points behind the SnP 500 is that?

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