Friday, 1 August 2014
Last updated 6 hours ago
Aug 27 2012 | 1:40pm ET
A quartet of prominent hedge funds are bucking most of their peers with impressive, double-digit returns in the first seven months of the year.
Eminence Capital, Lone Pine Capital, Maverick Capital Management and Passport Capital are all in double-figures through July, Bloomberg News reports. Maverick and Lone Pine have led the way, with the former's flagship and the latter's Lone Cypress funds up 20%, through July and Aug. 10, respectively. New York-based Maverick saw both its long and short books profit, and also did well outside of the U.S.
Eminence is up 16% through Aug. 3. San Francisco-based Passport's main fund rose 13% through the end of July.
Viking Global Investors' Equities Fund just missed joining that club, having returned 9% through July. Other top names are a good bit further behind: Lansdowne Partners' Developed Markets Strategy Fund is up 6.3% through Aug. 10, while SAC Capital Advisors is up 6% through the first seven months of the year.
The Standard & Poor's 500 Index rose 11% through July.