It’s a Billionaire Bounce Back as Einhorn, Ackman, and Edelman All Post Good January Returns, After a Brutal 2018 (Business Insider) For several well-known funds, the start of 2019 has helped wash off the stink of last year, as big-name managers like David Einhorn,Bill Ackman,Joseph Edelman and Dmitry Balyasny all finished January with positive returns. The overall hedge fund industry had one of the best months in its history, returning 4% on average, after declining 2.2% in December, according to data tracker eVestment. With calls to increase taxes on the wealthiest and outrage at former Starbucks CEO Howard Schultz’s presidential aspirations, 2019 has not been kind to billionaires so far.
I see a few posts about the "great January" of some of these guys. Big question... were they under-invested or short for the decline... then got long after Xmas? Or did they hold and "ride it down", only to have the market bounce "hit them"? EVERYBODY who rode it down had a "bounce back".... unless they sold into the plunge. (Not going to hear anything about those guys, you know.) Pffft!