Hedgies decide to lay low over the holidays

Our St. Barts spies this time of year noticed a distinct absence of hedge fund regulars, who we hear spent the holidays with their tails between their legs instead.

Celebrities such as Roman Abramovich, the Russian financier whose famous New Year’s Eve bash is the talk of the island, and Candice Swanepoel, as well as media titans, were all there in force — but a large swath of the hedge fund community spent time at their snow houses despite the bare slopes.

Evidently, the steep losses on energy or pharma bets incurred by many of the high-profile hedgies influenced their decision to lie low and enjoy a second-home staycation over the holidays.

Said one insider, “You do not want to be seen having a giant Methuselah of Dom Perignon brought over to your table at [St. Barts hot spot] Le Ti, complete with sparklers and waitresses in skimpy outfits, when you have lost a quarter of the money of your investor sitting at a table next to you.”