Top Hedge Funds in September

Hedge funds fell 3.2% in September according to Bloomberg, making September 2011 the worst month for hedge funds in over a year. Bloomberg cited the European debt crises and worries over a US recession as the primary factors in the performance decrease. “It was one of the worst months we’ve seen since 2008,” said Don Steinbrugge, managing partner of Agecroft Partners LLC. “From a hedge-fund manager’s standpoint, there’s a lot of stress to navigate these markets. Any strategy that was exposed to the fixed-income and equity markets generated negative returns.”

PAULSON & CO

Multi-strategy funds fared slightly better than funds overall, reporting a 3.1% decrease. Macro-strategy funds did even better, reporting losses closer to 2.4% for September. The largest losses came from Long-Short Equity funds. They lost 4.4% in September. The losses are significant but hedge funds still managed to outperform the market. HSBC reports that the average hedge fund is down 3.72% YTD. The S&P 500 lost around 7% in September and is down 8.7% for the year.

Here is how individual hedge funds performed in September (You can see each fund’s entire 13F portfolio by clicking on each fund’s link):

1. John Paulson – Paulson & Co.: John Paulson’s loss in his leveraged Advantage Plus fund reached 33.95% YTD at the end of September. The loss in his Advantage fund is slightly less at 23.2%. Paulson’s Credit Opportunities fund is down 10.63% for September, but the fund is down 7.60% YTD.

2. Bill Ackman – Pershing Square: Pershing Square Intl lost 1.6% by the end of the month. The fund is down 12.18% YTD.

3. Dan Loeb – Third Point: Loeb’s Third Point Offshore fund was down 0.60% for the fmonth of September. The fund is still up 3.53% YTD.

4. Lee Ainslie – Maverick Fund: Maverick Fund is down 5.63% for September. The fund has lost 14.86% YTD.

5. Jim Simons – Renaissance: Simons’ Renaissance Institutional Equities gained 0.41% during themonth of September. The fund is up 23.94% YTD.

6. Israel Englander – Millennium: Englander’s Millennium Intl Ltd lost 0.05% during the September. The fund is up 5.26% YTD.

7. James Dinan – York Capital: Dinan’s York Investment Ltd. lost 3.53% during September. The fund is down 7.91% YTD.

8. John Thaler – JAT Capital: JAT Capital’s Offshore fund is up 1.8% during September. The fund is one of the best performing hedge funds in 2011 with a 37.43% YTD return.

9. Steve Heinz – Lansdowne: Lansdowne’s European Long Only fund lost 7.29% during September. The fund is down 16.41% YTD. Lansdowne’s UK Equity fund performed a little better. The fund gained 0.23% in September but lost 13.59% YTD.

10. Joshua Friedman – Canyon Capital: Canyon’s global distressed security funds lost between 2.73% and 2.82% during the first 9 months of the year.

11. Edward Mule – Silver Point Capital: Silver Point Offshore fund lost 1.08% during t September. The fund is still up 3.42% YTD.

12. John Bader – Halcyon: Halcyon Offshore Asset-Backed Value Fund is up 0.37%for September and 5.44% YTD.

13. Richard Perry – Perry Capital: Perry Partners Intl fund is down 2.13% for September. The fund is down 6.90% YTD.

14. Robert Karr – Joho Capital: Joho lost 5.62% during September, the fund is down 4.17% YTD.

15. John Horseman – Horseman Capital: John Horseman’s Global Fund lost 7.49% in the month of September. The fund is down 4.38% YTD.

16. Mark Kingdon – Kingdon Capital: Kingdon Offshore fund is down 5.56% for September. The YTD return is even worse, at -16.58%.

17. Curtis Macnguyen – Ivory Capital: Ivory Capital’s Flagship Strategy lost 2.24% during September. The fund lost 5.61% YTD.

18. Michael Messner – Seminole: Messner’s Seminole Offshore fund lost 0.90% during the month of September. The fund is down 4.41% YTD.

19. Jacob Gottlieb – Visium Asset Management: Visium Institutional Partners Fund lost 1.13% in September, the fund is down 2.35% YTD. Visium Balance Offshore fund is down 1.55% during the same time in August, and is down 1.39% YTD.

20. Philippe Jabre – Jabre Capital: Jabcap Global Balanced Fund Ltd lost 1.42% during September. The fund is down 21.17% YTD.

21. Glenn Dubin – Highbridge: Highbridge Long/Short Equity Fund lost 2.81% by the end of September, and it is down 12.67% YTD.

22. Andreas Halvorsen – Viking Global: Viking Global Equities was down 0.03% for September, however, the fund is up 2.92% YTD.

John Murphy’s Alydar is up 3.31% YTD, Tom Claugus’ Bay Resources Partners Offshore fund is down 7.77% YTD, Paul Tanico’s Castlerock is down 14.87% YTD, Wayne Cooperman’s Cobalt Offshore is up 0.14% YTD, Leon Cooperman’s Omega is down 5.10%, David Einhorn’s Greenlight Offshore is down 5.44% YTD and Ricky Sandler’s Eminence is down 8.58% YTD.

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