Top 5 Hedge Fund Managers to Watch in 2012

May 2, 2012 Debbie Jacobs Tops

Market Watch recently published a list of five hedge fund managers who they have deemed worth keeping tabs on in 2012.

  • Jim Chanos of Kynikos Associates:

In an interview late last year he said: “the only way the Chinese government can continue to bail out everyone is to print more money which will lead to inflation. But people are depositing money at below inflation.” He added, “the numbers are falling faster than we thought. Real estate sales in September and October, which are peak months, fell 40%-60% on-year.”

“It’s been an eventful third quarter,” he said last year. “While the market had a broad decline with a lot of volatility, our conservatively positioned portfolio essentially went sideways with much lower volatility. Generally, our longs fell a bit more than the market, but our shorts fell even more and our macro investments helped mitigate the loss from being net long in a declining market.”

  • Mark Spitznagel of Universa Investments:

Universa is focused on the black swan strategy, which deals with highly improbable, but very significant, events. Spitznagel said: “An extreme selloff from this high level, like that of a few years ago, should not surprise anyone casually acquainted with market history. To those who can’t be bothered, I’m sure black swan lies ahead.”

  • Bill Ackman of Pershing Square Capital Management:

Ackman explained that he is not concerned by the markets’ volatility these days. “We focus our attention on the value and business progress of the companies we own rather than their daily market quotations,” he said. “Because we manage an underleverages, and often negatively leveraged portfolio, we have the luxury of largely ignoring short-term market movements in our holdings.”

As one of the largest hedge funds in the world, Paulson & Co. has been in the spotlight for quite a while. Though last year’s performance was disappointing, resulting in an apology to shareholders, 2012 will undoubtedly show some significant improvement, possibly prompted by last year’s shame. A letter read: “year-to-date 2011 performance is the worst in the firm’s 17-year history. We are disappointed and apologize for these results. We have learned from the 2011 experience and are committed to returning investors to their high water marks and to producing above-average returns for the long term.”

David Einhorn, Jim Chanos. Bill Ackman, Jphn Paulson, Market Watch, Top 5 Hedge Fund Managers,

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