1231 days ago • Posted by Valérie Noël
Not All Hedge Funds Had A Dismal Year
Some equity-focused hedge funds have a stellar year in 2020. This is the case for Lone Pine Capital whose Lone Cypress flagship fund is up 24%. One of the year's best performers is Philippe Laffont 's Coatue Management which is up more than 50% thanks to its long position in Tesla as well as its Wirecard short. Coatue also benefited from its investments in PayPal which is up nearly 100 per cent this year, Zoom as well as solar-panel maker Sunrun, which also appear in its recent regulatory disclosures. On the multi-strategy side, Balyasny Asset Management is up 30% through the end of November. Citadel’s Wellington fund was also up in the double digits - source: www.zerohedge.com
