Silver Point, Citadel Greenlight Capital and Perry Capital struggle to reach high water marks

August 23rd, 2009
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Despite a promising start to 2009 for hedge funds following last year’s crisis, many top hedge funds are still fighting to reach their high water mark. According to recent Institutional Investor Magazine article, Silver Point Capital, which manages $6.5 billion, was up 13.6% through June of 2009, but still hasn’t reached its high water mark. Citadel Investment Group’s $10 billion Wellington fund is up 44%, but still has a long way to go before making up for last year’s losses of 54.9%. Like many other funds in similar situations, Citadel has launched new funds which are collecting normal performance fees while waiting for the Wellington fund to recuperate.

Greenlight Capital’s main fund is up 16.3% this year but hasn’t reached its high water mark yet after last year’s 22.7% drop. Greenlight, like Perry Capital has renegotiated with investors to collect some performance fee (10% for Greenlight) despite being under water. Still others like $14 billion SAC Capital Advisors are already above water. SAC is up about 20% this year after ending 2008 down 16%.
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For Detailed Investor Profiles on these Investors, click below:
Citadel Investment Group
Greenlight Capital
Perry Capital
Point72 Asset Management (SAC Capital)
Related People: ; ; Becket Wolf*; Douglas Haynes (President); Brandon Haley; Bruce Gutkin; Chandler Bocklage*; David Einhorn; David Grossman; Derek Kaufman; Harry Brandler; James Lin; Jeff Runnfeldt*; Jeffrey A. Keswin*; Joe Squeri; Kaveh Alamouti*; Kenneth Griffin; Mark Stainton; Nelson Heumann; Paul Leff; Peter Nussbaum*; Richard Perry; Ryan Garino; Sol Kumin*; Steve Weller*; Steven A. Cohen; Ted Orenstein*; Tom Conheeney*; Vinit Sethi
Related Entities: Canvas Capital*; Citadel Alternative Asset Management; Citadel Equity Fund; Citadel Kensington; Citadel Wellington; CR Intrinsic Investors*; Cubist Systematic Strategies; DME Advisors LP; Equiduct; EverPoint Asset Management; Greenlight Capital Inc; Greenlight Masters LLC; Greenlight Private Equity Partners; New Castle Re; Perry Corp.; Perry Partners; S.A.C. Global Investors; SAC Meridian; SAC MultiQuant; Sigma Capital Mgmt; Sowood Capital*; Walter Capital*
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News

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