Monday, 20 February 2017
Last updated 3 days ago
Dec 10 2013 | 3:02pm ET
It has not been a lost year for all hedge funds.
With the average hedge fund mired in the mid-to-high-single digits while the Standard & Poor's 500 Index surges towards a 30% return, 2013 is not likely to go down as one of the industry's best. But several well-known firms are easily beating the pack, though remaining far behind the broader markets.
Renaissance Technologies' Institutional Equities Fund is up 18% this year, according to Bloomberg News. Tudor Investment Corp.'s flagship BVI Global Fund has added 12%.
But Bridgewater Associates, the world's largest hedge fund, will—barring a torrid December—have to settle for mediocre this year: Its Pure Alpha II is up just 6.1% this year, in line with most industry indices.