Wednesday, 1 October 2014
Last updated 11 hours ago
Jan 20 2011 | 2:29pm ET
Many brand-name hedge funds did as they are supposed to—and paid to—do in 2010, topping their hedge fund peers, with some even besting a strong stock market.
One of the biggest hedge funds was among the best: Bridgewater Associates' flagship added 38% last year, according to Market Folly. Bridgewater's rival across the Long Island Sound, Renaissance Technologies, would have done even better if not for its 44% performance fee: The firm's Medallion Fund was up 30% net of fees, anyway.
RenTech's Institutional Equities and Institutional Futures funds, which, unlike Medallion manage outside money, rose 16.5% and 22.7%, respectively.
Also in the ranks of those who beat the Standard & Poor's 500 Index (up more than 15%) last year are AQR Capital Management, up 27.3%, Passport Capital, up 18.3%, and BlueCrest Capital Management, up 16%. Third Point, whose numbers have been previously reported, also topped the broader markets by a wide margin, with its funds up between 32% and 42% last year.
Other high-profile managers had to settle for returns more in line with the S&P500. SAC Capital Advisors was up about 15%, Glenview Capital 15.3%, Millennium Management 13.3%, and Perella Weinberg Partners' Xerion Fund 12.7%. Some peers had to settle for less, with Citadel Investment Group's Kensington and Wellington funds managing industry-standard returns of about 10%, JANA Partners 8.4%, Tudor Investment Corp. 7.5% and Moore Capital Management just 3%.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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