Forbes – Albert Friedberg is a little-known commodities trader who manages $2 billion in Toronto. Last year, during one of the worst 12-month stretches in the history of the hedge fund industry, Friedberg outperformed just about every big shot trader on the planet. His Friedberg Global-Macro Hedge Fund returned 40.84% and Friedberg landed in the 34thposition on Forbes’ list of the 40 Highest-Earning Hedge Fund Managers.
But so far in 2012 Friedberg has suffered a reversal of fortune. His Friedberg Global-Macro Hedge Fund was down 19.46% in the first two months of the year. Friedberg’s performance tends to be volatile—his hedge fund last year suffered losses of 10.28% in January and 21.76% in October and he still hit the ball out of the park—but Friedberg has started 2012 out badly.
