Ackman Down 21% In Tough Year For Many “Brand Name” Funds

For the first time in memory, some of the largest and best known names in the hedge fund industry sit at the wrong end of HSBC’s Hedge Weekly performance report, while a positive bankable currency trend may be developing among trend followers on the top 20 in terms of hedge fund performance. Some of 2015’s worst performers include last years best performers, such as Bill Ackman’s Pershing Square. Passport gets hard hit in rising market environment in October, but still up 21 percent year to date in stimulative environment John Burbank’s $511 million Passport Special Opportunities Fund (Class AA) took a…