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

August 23rd, 2009
| More
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%.
See Source
For Detailed Investor Profiles on these Investors, click below:
Citadel Investment Group
Greenlight Capital
Perry Capital
SAC Capital Advisors
Related People: Brandon Haley; Becket Wolf; Bruce Gutkin; David Einhorn; David Grossman; David Hensle; Derek Kaufman; Harry Brandler; James Lin; Jeff Runnfeldt; Jeffrey A. Keswin*; Kaveh Alamouti; Kenneth Griffin; Mark Stainton; Nelson Heumann; Paul Leff; Richard Perry; Ryan Garino; Steve Weller; Steven A. Cohen; Vinit Sethi
Related Entities: Canvas Capital; Citadel Alternative Asset Management; Citadel Equity Fund; Citadel Kensington; Citadel Wellington; CR Intrinsic Investors; DME Advisors LP; Equiduct; Greenlight Capital Inc; Greenlight Masters LLC; Greenlight Private Equity Partners; New Castle Re; Perry Corp.; Perry Partners; S.A.C. Global Investors; SAC Capital Associates; SAC Meridian; SAC MultiQuant; SAC Select; Sigma Capital Management; Sowood Capital*; Walter Capital Management*
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News


More Recent Headlines

T. Boone Pickens’ BP Capital Concentrates on Energy, Drops Basic Materials

Macquarie Group to Acquire Delaware Investments

Edward Filippi to start Ground Zero Strategic Commodities Hedge Fund

Economist Dennis Gartman Launches River Crescent Hedge Fund

Apple Needs Outside Director

Warren Buffet troubled by the “The Greenback Effect”

GLG Partners Pushes to Examine the Growing Influence of Environmental Investing

Thames River announces asset flows of nearly $4bn

Moore Capital pours into Equities: China, Financials & Consumer Staples

Man Group invests in Stanley Ku’s Minerva Macro Fund