Kingdon Capital Management Fighting Uphill Battle to Beat Benchmarks

August 16th, 2012
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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).

Mark Kingdon is not alone in his struggles against the benchmarks. Several high-profile hedge funds also continue to lag including Moore Capital Management LLC. The fund, run by Louis Bacon, has decided to return $2 billion to investors in the face of chronic underperformance.
For Detailed Investor Profiles on these Investors, click below:
Kingdon Capital Management
Moore Capital Management
Related People: Greg Coffey; Henry Bedford*; Jean-Philippe Blochet; Louis Bacon; Mark Kingdon; Michael J. Mackey (Co-CIO)
Related Entities: Kingdon Capital; Moore Capital Emerging Markets; Moore Global Fixed Income; Moore Japan Restructuring; Remington Investment Strategies; Valence Capital Management
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Spotlight Reports


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