The Great James Simons… this year, still losing.

This is James Simons – in one of the few public photos.

GREAT “monsters” of the Hedge Funds industry such as James Simons and Stephen Mandel, are suffering the heaviest losses ever in their successful careers. Thanks to Lluis Moncusí. He sent me this article by Bloomberg:

James Simons continues with losses after the peak reached
in the month of May 2007. His hedge fund 
Renaissance Institutional Equities Fund has been managed
by mathematical systems for more than 15 years.
Today it loses -12% since the peak. This year,
loses a -6.64%.

The Lone Cedar Fund, the Hedge Fund of Mandel,
loses a -10.6% from the heights of
December 2007. Stephen Mandel, aged 52, left the
historic signing of
Julian Robertson, Tiger Management in 1997

The industry of Hedge Funds continues to be very efficient,
the industry average has lost 2.77% in the first quarter,
according to Hedge Fund Research, 2008. Although a small
drop in relation to stock indices, it is very
rare to find a full quarter with losses in the sector of Hedge Funds.


Traxis Partners LLC, the macro hedge fund in New York
founded by celebre Barton Biggs,
former head of global strategy for Morgan
Stanley, loses -15% since late September 2007.
The Fund has an endowment
of $ 1.6 billion. Its inception dates back to 2003 along with his
colleagues Madhav Dhar and Cyril-Moulla Berte. By the way, Don Barton
Biggs expects a strong rebound (of over 1000 points) in the Dow Jones.

George Soros is more successful this year, and
its fund has come only to lose less than -3%.