5 Worst Performing Hedge Funds of 2021

3. Alphadyne Asset Management

YTD Loss as of November 2021: 22%

Alphadyne Asset Management is an investment firm based in New York. At the end of the third quarter of 2021, it had a small equity portfolio consisting of just five stocks, with a portfolio value of more than $157 million. The investment firm, which focuses on alternative investments, is led by Philippe Khuong-Huu. According to Bloomberg, the flagship Alphadyne International Fund lost more than 10% in July and left the firm reeling with losses of around $1.5 billion. The firm also lost money in the bond crisis of October 2021. 

Since it was founded in 2006, Alphadyne Asset Management did not have a losing year on record. However, that changed in 2021. Philippe Khuong-Huu, the founder of the firm, is a former Goldman Sachs employee where he served as the chief of the global interest rate products group. By November, the losses for the firm had climbed to around 22%.