The lists ranking the top performing hedge funds are piling up, Bloomberg has released its own version of Top hedge funds of 2012. The data includes returns through Oct 31, so the ranking may very well shift. However, we have more recent returns for a number of funds than the one given by Bloomberg, s0 we are presenting a sandwich of both lists. Additionally, our data (mostly) comes from Hedge Weekly, Lyxor, shareholder letters, and ‘sources familiar with the matter’. According to AlphaClone, 68 percent of the ranked funds beat S&P 500 (S&P Indices:.INX).
The following is the most updated ranking of the top 30 hedge funds so far, including big names like Dan Loeb, Barry Rosenstein, Leon Cooperman, Chase Coleman, David Tepper and one of Man Group (LON:EMG)’s funds. The list does not discriminate on the basis of size of the fund.
1. BTG Pactual Distressed Fund:
Return: 39.91 percent
Asset class/Strategy: Distressed Mortgage
Fund AUM: $230 million
Firm and Manager: BTG Pactual Global Asset Management
2. Metacapital Mortgage Opportunities
Return: 37.8% (Oct 31)
Asset class/Strategy: Mortgage-backed arbitrage
Manager: Deepak Narula
Fund AUM: $1.5 billion
Firm: Metacapital Management
3. Odey Absolute Return Fund
Return: 33.3 percent (Nov 30)
Asset class/Strategy: Long/Short Equity
Managers: James Hambury and Jamie Grimston
Fund AUM: $582 million
Firm: Odey Asset Management
4. Brookfield Global Real Estates Securities
Return: 33.2 percent (Oct 31)
Strategy: Equity Long/Short
Managers: Jason Baine and Bernhard Krieg
Fund AUM: $473 million
Firm: Brookfield Investment Management
5. Pine Rive Fixed Income
Return: 32.74 percent (7 Dec)
Asset class/Strategy: Fixed income arbitrage
Manager: Steve Kuhn
Fund AUM: 3.56 billion
Firm: Pine River Capital Management
6.CQS Directional Opportunities
Return: 32.04 percent (Nov 30)
Strategy: Multistrategy
Manager: Michael Hintze
Fund AUM: $1.49 billion
Firm: CQS
7. BlackRock, Inc. (NYSE:BLK) Obsidian
Return: 32.0 (Dec 7)
Asset class/Strategy: Fixed Income Arbitrage
Manager: Stuart Spodek
Fund AUM: $710 million
Firm: BlackRock Inc
8. Chenavari Toro Capital
Return: 29.64 percent (Nov 30)
Strategy: Distressed Mortgage
Fund AUM: $227 million
Firm and Manager: Chenavari Investment Managers
9. Rhine Alpha Stars
Return: 28.43 percent (Dec 7)
Asset class/Strategy: Long/Short Equity
Manager: Rudolph Bohli
Fund AUM: $70 million
Firm: RBR Capital
10. Third Point Ultra
Return: 27.83 percent (5 Dec)
Asset class/Strategy: Multi Strategy
Manager: Dan Loeb
Fund AUM: $1.39 billion
Firm: Third Point LLC
11. WF Asia Fund
Return: 27.7 (Dec 7)
Strategy: Equity Lon
Manager: Scobie Ward
Fund AUM: $231 million
12. Odey European
Return: 26.63 percent (Nov 30)
Asset class/Strategy: Long/Short Equity
Manager: Crispin Odey
AUM: $1.4 billion
Firm: Odey Asset Management
13. Kinetics Fund
Return: 26.3 percent (Dec 7)
Asset class/Strategy: Long/Short Equity
Manager: Peter B. Doyle
AUM: $40 million
Firm: Horizon Kinetics
14. Pine River Liquid Mortgage
Return: 26.04 percent (Dec 7)
Asset class/Strategy: Fixed Income Arbitrage
Managers: Jiayi Chen and Steve Kuhn
Fund AUM: $1.1 billion
Firm: Pine River Capital Management
15. Palomino Fund
Return: 25.75 percent (Nov 30)
Asset class/Strategy: Credit Long/Short
Manager: David Tepper
Fund AUM: $5.39 billion
Firm: Appaloosa Management
16. HSBC Holdings plc (LON:HSBA) (NYSE:HBC) India Alpha Fund
Return: 25.63 percent (Dec 7)
Asset class/Strategy: Equity Long/Short
Managers: Sanjiv Duggal, Nilang Mehta and Viresh Mehta
Fund AUM: $77 million
Firm: HSBC
17. Cassiopeia Fund
Return: 25.45 percent (Dec 7)
Asset class/Strategy: Volatility Arbitrage
Managers: Pierre de Saab and Alain Dos Santos
Fund AUM: $635 million
Firm: Dominice Asset Management
18. Marcato International
Return: 25.15 percent (Nov 30)
Asset class/Strategy: Event Driven
Manager: Richard McGuire
Fund AUM: $500 million
Firm: Marcato Capital Management
19. Harmonic Alpha Plus Macro Fund
Return: 25.0 percent (Dec 7)
Asset class/Strategy: Macro
Manager: Richard Conyers
Fund AUM: $904 million
20A. BTG Pactual Global EM and Macro Fund
Return: 24.93 percent (Nov 30)
Asset class/ Strategy: Macro
Fund AUM: $3.6 billion
Firm: BTG Pactual Global Asset Management
20B. Contrarian Capital
Return: 24.4 percent (Dec 28)
Asset Class/ Strategy: Distressed Debt, Long/Short
Fund AUM: $3.1 billion
21. Marathon Securitized Credit
Return: 24.0 percent (Oct 31)
Asset class/Strategy: Asset backed
Managers: Bruce Richards and Louis Hanover
Firm: Marathon Asset Management
22. Titanium Capital Macro Forex Fund
Return: 23.2 percent (Oct 31)
Asset class/Strategy: Managed Futures
Managers: Philip Manduca and Antonio Juste
Fund AUM: $100 million
23. Eminence Fund Ltd
Return: 23.19 percent (Dec 7)
Asset class/Strategy: Equity Long/Short
Manager: Ricky C. Sandler
Fund AUM: $1.46 billion
Firm: Eminence Capital
24. SAB OVERSEAS FUND LTD
Return: 22.49 percent (Nov 30)
Asset class/ Strategy: Equity Long/Short
25. Omega Overseas Partners
Return: 21.9 percent (Nov 30)
Asset class/Strategy: Equity Long/Short
Manager: Leon Cooperman
Fund AUM: $1.39 biillion
Firm: Omega Advisors
26. JANA Master
Return: 21.8 percent (Dec 24)
Asset class/Strategy: Event Driven
Managers: Barry Rosenstein and David DiDomenico
Fund AUM: $3.8 billion
Firm: JANA Partners
27. Seer Capital Partners
Return: 21.6 percent (Oct 31)
Strategy: Asset backed
Manager: Philip Weingord
Fund AUM: $1.2 billion
Firm: Seer Capital Management
28. Third Point Offshore Investors Ltd (LON:TPOE)
Return: 21.2 percent (Dec 28)
Asset class/Strategy: Event Driven Multi Strategy
Manager: Dan Loeb
Fund AUM: $5 billion
Firm: Third Point LLC
29. Man AHL Evolution
Return: 21.17 percent (Nov 30)
Strategy: Managed Futures
Manager: Tim Wong
Fund AUM: $1.8 billion
Firm: Man Group
30. Tiger Global
Return: 21.0 percent
Strategy: Long/Short
Managers: Feroz Dewan and Chase Coleman
AUM: $6 billion
Management Firm: Tiger Global Management
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