RenTech Best, Paulson Worst In 2011

Jan 6 2012 | 10:13am ET

It may go down as the second-worst year in hedge fund industry history, but 2011, like all other years, produced a mixed-bag of hedge fund returns for the biggest names in the business.

None did better than Renaissance Technologies, according to HSBC's final Hedge Weekly report for the year. The East Setauket, N.Y.-based firm's best fund returned 34.66% on the year, topping a list that included funds managed by BlackRock, Brevan Howard and JPMorgan Chase.

The worst performers were headlined by a firm used to being on HSBC's other list: Paulson & Co., whose biggest fund fell 47.77% on the year. Also on the naughty list were Odey Asset Management and Occam Asset Management.

Of course, most hedge funds enjoyed more modest gains than that seen by RenTech or less miserable losses than those suffered by Paulson. Elliott Associates returned 4.2% last year, despite giving back 0.3% in December. Pershing Square Capital Management, by contrast, couldn't erase its year-to-date losses last month, but it came close, adding 3.1% in December to end the year down just 1.1%.

The average hedge fund lost about 4% last year, according to industry indices.


In Depth

Q&A: Executive Recruiter Talks Hedge Fund Closures, Hiring Trends

Dec 19 2014 | 6:58am ET

This year, hedge funds have been closing at a rate not seen since the financial...

Lifestyle

Cooper-Hohn Won't Contest Divorce Settlement

Dec 18 2014 | 9:51am ET

The ex-wife of hedge fund billionaire Christopher Hohn will not contest a divorce...

Guest Contributor

Alternative Investment Funds Face A Communications Imperative

Dec 19 2014 | 6:10am ET

A handful of the top alternative investment firms on both sides of the Atlantic...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.