Fairly or not, John Devaney, of United Capital Markets Asset Management (New York Post), has become the poster child for the pain rippling through much of the hedge fund industry. The media had a field day when it leaked out that he was selling his yacht, the 142-foot "Positive Carry." He's also selling his swanky Aspen home. The carry has been negative recently. By one measure, the firm's Horizon ABS fund, which had already limited redemptions, was down 30 percent in June. He will likely have company. It has become something of a parlor game on Wall Street: people guessing which funds have lost the most. There's lots of speculation about the big names (New York Post), and some are showing signs of wilt. Paul Tudor Jones' Tudor Investment's Raptor Fund fell 9 percent in July, and Caxton Associates' $3 billion Global Bond Fund dropped just under 3 percent. Caxton was forced to rebut rumors this week that it had suffered much larger losses. It's still up 3 percent for the year. It has also drastically reduced its VAR.