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Hedge Funds Lose a Bundle After Abercrombie $ANF Shares Fall 21%

Several hedge funds lost big in early trading on Thursday after Abercrombie & Fitch Company (ANF) plummeted from $74.01 at close Wednesday to $57.90 at 10:39am EST Thursday morning. ANF, “which has been expanding in Europe, slumped 17% after it said trends slowed in the region and the company saw negative comparable sales in its flagship shops there,” reports MarketWatch. Jim Cramer, host of “Mad Money,” recommended ANF stock on October 26.

PENNANT CAPITAL MANAGEMENT

The following hedge funds lost the most:

1. Pennant Capital Management – Alan Fournier: Lost $48.0 million

2. Scopus Asset Management – Alexander Mitchell: Lost $36.2 million

3. Conatus Capital Management – David Stemerman: Lost $21.9 million

4. Sac Capital Advisors – Steven Cohen: Lost $18.2 million

5. Buckingham Capital Management – David Keidan: Lost $9.5 million

6. Citadel Investment Group – Ken Griffin: Lost $9.1 million

7. Vinik Asset Management – Jeffrey Vinik: Lost $7.4 million

8. Horseman Capital Management – John Horseman: Lost $6.3 million

9. Partner Fund Management – Christopher Medlock James: Lost $5.5 million

10. Sigma Capital Management – Sac Subsidiary: Lost $5.2 million

11. D E Shaw – D. E. Shaw: Lost $4.9 million

12. Renaissance Technologies – Jim Simons: Lost $3.7 million

13. Highbridge Capital Management – Glenn Russell Dubin: Lost $3.4 million

DISCLAIMER: These calculations assume that these hedge funds did not increase or reduce their stock positions in ANF since the end of June. We did not take into account their option positions.

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