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Steve Jobs’ Resignations Will Hurt Apple and These Hedge Funds

Steve Jobs announced his resignation yesterday. Reports show that Apple shares have tumbled as much as 7% in after hours trading.

Apple Inc. (NASDAQ:AAPL)

Assuming the stock takes a hit of 5%, these hedge funds will start their days tomorrow with the following losses:

1. Rob Citron – Discovery Capital Management: $40 Million
2. Stephen Mandel – Lone Pine Capital: $37.5 Million
3. D. E. Shaw – D E Shaw: $36.5 Million
4. Chase Coleman – Tiger Global Management: 28 Million
5. Phill Gross and Robert Atchinson – Adage Capital Management: $28 Million
6. Jim Simons – Renaissance Technologies: $25 Million