Hedge funds struggle to post two stellar years in a row
How hard is it for a hedge fund to string together stellar returns for two years in a row? Pretty hard, according to an analysis by the New York Post. A lot of funds that fared well last year are suffering in the red this year. The Tontine Overseas Fund for example was up 40 percent last year but is down 17 this year. Lone Cedar, from Lone Pine Capital, was up 44 percent last year but is down 6 percent this year. But there are always some exceptions. One of the biggest winners last year was Paulson & Co.'s Paulson Advantage, which was up 100 percent. This year, it is hanging tough with a 22 percent gain. Harbinger Capital Partners Offshore was up 112 percent last year and is up another 41 percent this year. We'll see how long this can last.
