Hedge Funds No Longer Need the Star System.

(Bloomberg) The list of once-revered-now-humbled hedge fund managers is growing. Alan Fournier is shutting Pennant Capital Management after nearly two decades, acknowledging that “recent returns have been disappointing.” David Einhorn’s main hedge fund at Greenlight Capital was down 14 percent in the first quarter after a decline of 4.1 percent annually from 2015 to 2017. Pershing Square Capital Management’s Bill Ackman called his recent returns “particularly unsatisfactory,” and investors apparently agree.

To read this article:

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply