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Answer:
You'll get a lot of different answers on this one so here's a little inside scoop on how the large hedge funds are doing:
• Renaissance Technologies: Jim Simons’ quant firm RenTec saw its RIEF (Class B) fund up 4.82% for the year as of the end of March.
• Greenlight Capital: David Einhorn’s fund was down 1.33% for the year as of the end of March.
• Harbinger Capital Partners: Philip Falcone’s hedge fund was up 1.77% for the year at the end of March.
• Paulson & Co: John Paulson’s (famous for making $4B in one year on the housing collapse) various hedge funds have had mixed performance. His Advantage Plus fund was -1.18% for the year as of February, his Advantage fund -0.93%, his International fund up 0.47%, his Credit fund up 3.35%, and his Enhanced fund up 0.99%.
Personally, I think have a monthly gain of 1-5% per month is already very good. Having a 50%++ gain per year makes you a superstar trader!
