6 Hedge Funds Killed By the Decline in Dendreon $DNDN

Six hedge funds lost a bundle because Dendreon, the maker of prostate cancer drug Provenge, declined 66% after revealing disappointing sales numbers. The stock lost more than $23.50 so far today. Here are the 6 hedge funds killed by the decline in Dendreon:

SAC CAPITAL ADVISORS

1. Steve Cohen – SAC Capital: Lost $193 Million

2. Brookside Capital – Bain Capital: Lost $111 Million

3. George Soros – Soros Fund Management: Lost $110 Million

4. Samuel Isaly – OrbiMed Advisors: Lost $32 Million

5. Ken Griffin – Citadel: Lost $23 Million

6. Israel Englander – Millennium Management: Lost $22 Million

You can see the rest of the losers here. These calculations assumed that these hedge funds didn’t increase or reduce their stock positions in Dendreon (DNDN) since the end of March. We also didn’t take into account their option positions.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 44 percentage points in 21 months Learn how!

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!