BTG Pactual, Tilden Park Headline Top Hedge Fund Performers In '12

Jan 29 2013 | 12:07pm ET

BTG Pactual's Distressed Mortgage Hedge Fund was among the best-performing hedge funds of 2012, and may well have topped all of its peers, according to HSBC Private Bank.

The $245.5 million hedge fund topped HSBC's list of the 20 best-performing hedge funds with a 46% return. By contrast, the average hedge fund saw returns in the mid-single digits for the year.

Tilden Park Capital Management's $955 million Offshore Investment Fund was second with a 41% return, Brookfield Asset Management's $473 million Real Estate Securities Fund was third with a 40% return, CQS' Directional Fund came fourth with a 36% return, and Pine River Capital Management's $3.5 billion fixed-income fund fifth with a roughly 35% return.

Pine River and BTG Pactual both had two funds in the top 20, which also featured entries from Third Point, Appaloosa Management and Marcato Capital Management. And Chenavari Investment Managers' US$360 million Toro Capital Fund made the list for the third year in a row—the only fund to do so.

HSBC also publishes a 20 worst-performing hedge funds list, and Conquest Capital Group's Macro Fund won that dubious prize with a 33% loss. RAB Capital's flagship Special Situations Fund shed 28%, and Paulson & Co.'s Advantage Plus Fund lost 21.5%. Another Paulson fund also made the bottom 20, as its flagship Advantage Fund shed 14% last year.


In Depth

Whisky Business: The Ultimate Liquid Alternative Investment

Sep 15 2014 | 7:02am ET

David Robertson knows his single-malt whisky—he was the Master Distiller at the...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

Forex: What happened to the volatility?

There are two things currency analysts agree on: Currencies have never gone through such a period of low volatility and the dollar must lead the sector out of the current malaise.

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.