File photo of Republican U.S. presidential candidate Donald Trump speaking at the candidates debate in Miami

Trump's investment funds lose money, billionaire unfazed

File photo of Republican U.S. presidential candidate Donald Trump speaking at the candidates debate in MiamiBy Lawrence Delevingne NEW YORK (Reuters) – Donald Trump’s presidential campaign is built on his business acumen. Eighteen out of 21 hedge funds and mutual funds in Trump’s portfolio lost money in 2015, and 17 of them are down so far this year, according to public disclosures and private performance data seen by Reuters. The funds managed by Paulson & Co, BlackRock Inc, Baron Capital and others lost an average of 8.5 percent last year, according to Reuters calculations, whereas stock market and hedge fund industry benchmarks broke even or came close to it.

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