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Publicly traded investment firms and vehicles led by David Einhorn, Cathie Wood, Warren Buffett, Bill Ackman, Carl Icahn and Michael Saylor have all underperformed the S&P 500 this year, Cointelegraph reported. Strategy, led by Saylor, was down 19% year to date, trailing the S&P 500, which was up 12.6% over the same period, by 31.6 percentage points.