2012 Hedge Fund performance – Lambrusco party for some and Champagne for others
Dan Loeb, Third point Many hedge funds have delivered meagre returns, yet again, in 2012 after a disappointing 2011. Most having not benefited from bets on the hot sectors, namely – U.S. mortgage debt, Greek bonds and eurozone banks. In 2011, the average fund dropped 4.8% and some equity focused funds suffered an average 19% drop.…