Kingdon Capital Management Fighting Uphill Battle to Beat Benchmarks
|August 16th, 2012||
|Following two years of underperformance against key benchmarks, Mark Kingdon’s Kingdon Capital Management LLC fund appears to be extending that streak in 2012. According to the Wall Street Journal, the once venerable, $2.2 billion long/short fund fell 0.71 percent in July against a 1.29 percent gain in the MSCI World Index, widening the year-to-date gap between Kingdon Capital Management LLC and the key benchmark. |
After 30 years of delivering mostly double-digit returns, Kingdon Capital Management LLC returned 8 percent in 2010 (vs. 12 percent, MSCI) and lost 18 percent in 2011 (vs. 6 percent loss, MSCI).
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