Here's a quick scorecard check of two closely followed hedge fund managers — Daniel Loeb and David Einhorn.
It's been a tough year for hedge funds as they have struggled to outperform the S&P. The S&P is up about 15% so far this year.
Loeb, who runs Third Point LLC, is performing just below the S&P 500.
RTRS - Hedge fund manager Daniel Loeb's Third Point Offshore fund up3.7 pct in May, up 14.7 pct for year-investor
— Katya Wachtel (@katyawachtel) June 3, 2013
Einhorn, who runs Greenlight Capital and is known to move stocks when he speaks at conferences, is also performing below the S&P.
RTRS- David Einhorn's Greenlight Capital up 2.9 pct in may, up 8.6pct for the year-investor
— Katya Wachtel (@katyawachtel) June 3, 2013
So not terrible, but also not great.
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