Wednesday, 24 August 2016
Last updated 27 min ago
Sep 12 2011 | 12:44pm ET
Hedge funds were more likely to post double-digit losses last month—the worst for hedge funds since the height of the financial crisis—than double-digit gains, but a select group managed the latter feat.
Many of those that did are small, and in the case of the top performer last month, very small. Opto Global Macro's eponymous hedge fund, a one-year-old vehicle with just $1.4 million in assets, soared 77.7% last month, Institutional Advisory Services reports, putting the small fund up 84.1% on the year. Those figures make the fund tops on IAS' monthly and year-to-date rankings.
None of the other hedge funds tracked by IAS did nearly so well, but several acquitted themselves quite handsomely. Among the funds earning between 10.4% and 59% on the month were Stratford Capital Management, Kinkopf Capital Management, Superfund Group, Purple Valley Capital, Rho Asset Management, Altradis Capital, Chadwick Investment Group, Neural Capital, Insignia Futures & Options, Dunn Capital Management and Amplitude Capital.