You had to be a huge bear to have lost money in January when the S&P enjoyed its best start in 15 years.

Yet a sampling of a number of major hedge funds that have already reported results to investors found that all of their main funds lagged the major indexes for the month when the S&P 500 climbed 4.4 percent, the Dow Industrials rose 3.4 percent and the Nasdaq surged 8 percent. They include:

Ken Griffin’s Wellington and Kensington funds were up 3 percent. Izzy Englander’s Millennium funds were up 1.75 percent. David Einhorn’s Greenlight Capital was up 2.7 percent. Dan Och’s OZ Master Fund was up 1.60 percent — his three other major funds were up between 1.34 percent and 2.64 percent. Alan Howard’s BH Macro was up 1.06 percent through January 27. Andrew Law has also gotten off to a slow start in his first month running Caxton Global Investment since Bruce Kovner officially retired, posting just a 0.20 percent gain. Through January 27 Tudor BVI, run by macro icon Paul Tudor Jones II, was up just 1.66 percent. Renaissance Institutional....

Read More: Ken Griffin · Izzy Englander · Dan Och · Paul Tudor Jones