Serengeti Up Double-Digits

Dec 29 2010 | 4:46am ET

For the second straight year, Serengeti Asset Management is among the best-performing hedge funds.

The firm’s $750 million Overseas Fund is up 23.8% through November, The Wall Street Journal reports. Serengeti’s Repax financials fund is up 11% and its Lycaon Overseas fund, which invests in structured credit and liquidations, is up 13.6%.

Overseas returned 87% last year after dropping 50% in 2008. Rapax was up 41% last year.

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