After Leaving Soros, Berkowitz Hasn't Captured Same Magic At Woodbine

Ever since leaving the expansive nest of George Soros and his celebrated Soros Portfolio Management in 2008, former portfolio manager Joshua Berkowitz has struggled to bring the same magic with him to his independent fund venture.  While under Soros the funds Berkowitz managed delivered a stellar annualized return of 34%, since his leaving and launching Woodbine Capital Advisors in 2008, Berkowitz has delivered rather pedestrian results by comparison.  Unfortunately,  2013 won’t help shine this somewhat tarnished image.  According to an investor letter reviewed by ValueWalk, Woodbine will close out 2013 with just 5.26% return at a time when the S&P 500 (.INX) returned nearly 30%.