If you're having a rough time making money in the 2014 market, don't feel bad. You've got some pretty lofty company.
Big-name hedge fund chiefs such as Paul Tudor Jones , Alan Howard and Kyle Bass have gotten burned due to wrong-way bets on everything from Japanese stocks to U.S. government bonds, according to a Wall Street Journal report.
Low volatility, thanks to ultra-easy Federal Reserve monetary policy, gets much of the blame for the poor performance.
Louis Bacon's Moore Capital Management is off 5 percent for the year, Jones' Tudor Investment is down 4.4 percent, and Bass' Hayman Capital Management fell more than 6 percent in the first quarter alone, according to the Journal. By contrast, the S&P 500 (^GSPC) stock index has gained 4.4 percent.
"I actually find myself daydreaming about winning 'Dancing With the Stars' on some days in the office," Jones joked at an investment conference earlier this year.
For the full report, click here.
- Investment & Company Information
- Kyle Bass
- Alan Howard
- Moore Capital Management
- Wall Street Journal