Ben Melkman's Hedge Fund Suffers a Second Year of Losses
- Light Sky, backed by Cohen and Loeb, fell 2.3 percent in 2018
- Alan Howard, Melkman’s former boss, outperformed his peers
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Ben Melkman, who won backing from billionaire Steven Cohen and Dan Loeb for his fledgling hedge fund, lost money for a second year in a row.
His $1.6 billion Light Sky Macro fell 2.3 percent in 2018 after a 2.9 percent loss in December, according to people familiar with the matter. The fund also declined 9.7 percent in its first 10 months of trading in the previous year.