John Arnold Performance
John Arnold Makes List of 21 Worst Performing Managers
In a sudden twist of fate, John Arnold, one of the youngest billionaires, is suffering through the worst year in his hedge fund career. According to one source, his fund is down 2.7% through October, despite impressive returns in the month of October. This performance places him in the 21 worst performing hedge fund managers, a list put together by HSBC.
Thirty-seven year old John Arnold, one of the world's youngest billionaires, is having the worst year of his hedge fund career.
A source tells Institutional Investor that his fund, Centaurus, is down 2.7% through October, even after gaining 7.9% gain that month (during a 12% S&P500 rally).
His returns aren't great compared to years past, but put Arnold in the boat with the 20 worst performing hedge fund managers according to HSBC's December 3rd data, and he's doing just fine.
Ricky Sandler, for example, who forked out $19 million for a Park Avenue apartment in 2009, is down 6.08% this year at his Eminence Fund. And he's one of the top performers. Source
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