Everest, Scottwood Soar In ‘09

Jan 12 2010 | 1:28am ET

The average hedge fund returned more than 20% last year, but that wasn’t enough for Everest Capital and Scottwood Capital Management.

The former’s emerging markets fund soared 75% in 2009, according to MarketWatch. The $2 billion Singapore-based firm’s Asia fund did almost as well, returning 73%.

Scottwood, based in Greenwich, Conn., did not do quite as well. But it did more than double the average hedge fund’s return, adding 44% last year. The $500 million event-driven fund lost 7% in 2008.

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