RenTech, MKP, Tudor Among August Winners, Bridgewater Up 25% YTD

Sep 8 2011 | 1:52pm ET

Amidst August's hedge fund carnage, some managers were able to produce some impressive returns. Perhaps not surprisingly, some that did are among the biggest and most successful in the industry.

This year, almost no hedge fund has been more successful than Bridgewater Associates. The $122 billion firm's flagship Pure Alpha II fund is up 25.3% this year, Bloomberg News reports.

"Making money is a zero-sum game, so to be successful you have to be willing to stand apart from the crowd," Bridgewater founder Ray Dalio told Bloomberg. "And you have to be right."

Few have been righter than Dalio this year. But one of those few sits just across the Long Island Sound from Bridgewater's Westport, Conn., headquarters. Renaissance Technologies' Institutional Equities Fund is up 25.56% this year, edging Pure Alpha thanks in part to a 5.4% August return. RenTech's Institutional Futures Fund did even better last month, rising 5.89%, according to Dealbreaker.com, but it is only up 7.56% on the year.

MKP Capital Management's flagship Opportunity Fund is another of August's standouts, returning 3.51% last month. The $1.5 billion global macro vehicle is up 8.31% through the first eight months of the year, MarketWatch reports.

Tudor Investment Corp. was no slouch in August, either. Its Momentum Fund rose 2.59% on the month and its Tensor Fund 0.85%, according to Dealbreaker. For the year, however, it has been less lucky. Momentum is up just 3.32% in 2011, while Tensor is down 5.28%.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of