Some of the world's largest hedge funds are getting crushed

pulse

August 11, 2017 5:58 PM

Among them, Bridgewater Associates, the world's largest hedge fund which manages money for teachers, policemen and firemen, Two Sigma and Graham Capital.

Some of the world's largest hedge funds have lost money this year – or made barely any – even as markets have hit record highs.

The funds are run by firms including Bridgewater Associates, the largest hedge fund firm in the world, and Two Sigma, one of the fastest-growing firms.

The weak performance is especially striking, as the S&P 500 has delivered 10.4% through July. In addition

To be sure, many of these funds have gotten to the size they are due to strong performances in previous years. Still, the weak 2017 performance by some of the biggest names in the hedge fund industry highlights the challenge facing many managers.

The HFRI Weighted Composite Index, which tracks hedge funds, returned 4.8% this year through July.

What follows are this year's returns for major funds, after fees. All the figures come from private client documents reviewed by Business Insider, unless otherwise noted. These funds manage money for public pensions, university endowments, sovereign wealth funds and the rich, among other big investors.

Bridgewater Associates, the world's largest hedge fund firm which says it has about $160 billion

One of Bridgewater's strategies has posted gains:

Two Sigma, $30.4 billion

One of Two Sigma's funds has gained this year, however:

Maverick Capital, $10.5 billion

Some of Maverick's funds have gained, however:

Greenlight Capital, $7 billion at mid-year, per the Wall Street Journal

Carlson Capital, $10 billion. All figures through July.