Jeffrey Altman’s Owl Creek Asset Management takes a dive
| December 26th, 2011 | ||
| Jeffrey Altman’s Owl Creek Asset Management is yet another premier hedge fund firm that is having a rough 2011. Owl Creek’s flagship hedge fund, which skillfully navigated the 2008 financial crisis, is reportedly down 13% year-to-date through the end of November. As of March 2011, the deep value focused hedge fund manager was ranked #29 on HedgeTracker’s Top 100 Hedge Fund List. According to the latest equity rankings, Owl Creek has dropped all the way down to #57 on the list, reporting US equity assets of $2.48 billon. According to the New York Times Dealbook, Jeffrey Altman reportedly attributed his hedge fund’s underperformance to 10 big bets that have not panned out. Among Owl Creek’s loss leaders are equity positions in Navistar International, Dana Holdings and Cigna, as well as a position in Washington Mutual’s bonds. | ||
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For Detailed Investor Profiles on these Investors, click below: |
Maverick Capital |
Owl Creek Asset Management |
Related People: Charles Wyly;
Related Entities: Maverick Capital;
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News
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