John Burbank III is one of three hedge fund managers who made Alpha’s Rich List for their 2007 success but have since stumbled.
James Melcher’s New York-based macro firm, which shot to fame on huge gains during the credit crisis, has struggled of late and is losing assets at a rapid clip.
AR also revisits John Henry & Co. in the heyday of the Boston Red Sox.
August’s turmoil pushed more than two-thirds of hedge funds into the red.
Balestra’s James Melcher warns that the best guesses of Wall Street’s elite are based on an analysis of a period of prosperity that is unlikely to be repeated in our lifetime.