Sunday, 21 December 2014
Last updated 10 hours ago
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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
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.