February 28, 2017 | bloombergbriefs.com Hedge Funds Rankings 2016
2016’s Top-Performing Funds With $1 Billion or More in Assets
RANKINGS
Rank Fund Manager(s) Assets ($B)2016 Return (%)
2015 Return (%)
3-Yr Annualized Return (%)
Management Company Strategy
1 Mudrick Distressed Opportunity
Jason Mudrick 1.5 38.7 -25.9 6.1 Mudrick Capital Management
Event-driven distressed
2 PH&N Absolute Return Hanif Mamdani 1.2 33.5 -2.3 12.4 RBC Global Asset Management
Multistrategy
3 ECF Value Jeffrey Gates, Dax Vlassis, Justin Boisseau
1.7 31.0 -19.8 1.2 Gates Capital Management
Event-driven distressed
4 CQS Directional Opportunities
Michael Hintze 2.8 30.4 -8.0 7.4 CQS Investment Management
Multistrategy
5 Quantedge Global Team managed 1.1 26.8 -18.3 10.4 Quantedge Capital Macro systematic
6 Astenbeck Commodities II Andrew Hall 1.4 26.4 -35.8 -3.7 Astenbeck Capital Management
Commodity energy
7 ZP Energy Stuart Zimmer 1.0 25.5 -8.7 NA Zimmer Partners Long-short equity energy
8 Contrarian Capital I Jon Bauer, Janice Stanton, Bill Raine
2.3 25.4 -7.9 5.1 Contrarian Capital Management
Event-driven distressed
9 Impala Master Robert Bishop 1.4 25.1 -6.5 8.0 Impala Asset Management
Long-short equity
10 Autonomy Global Macro Robert Gibbins 3.5 24.9 3.0 10.8 Autonomy Capital Macro
11 Brigade Leveraged Capital Structures
Don Morgan 2.6 23.1 -10.7 3.4 Brigade Capital Management
Fixed-income diversified
12 Brigade Credit II Don Morgan 2.3 22.9 -9.9 3.6 Brigade Capital Management
Fixed-income directional
13 MTP Energy Eric Scheyer, Adam Daley
2.4 22.8 -21.3 -1.5 Magnetar Capital Event-driven
14 Saba Capital Master Boaz Weinstein 1.2 22.7 3.4 4.2 Saba Capital Management
Fixed-income relative value
15 Andurand Commodities Pierre Andurand 1.7 22.2 4.1 22.2 Andurand Capital Commodity
16 Strategic Value Restructuring
Victor Khosla 1.6 21.6 -5.1 4.7 Strategic Value Partners
Event-driven distressed
17 Renaissance Institutional Equities
Peter Brown, Bob Mercer
1.5 21.5 17.4 17.8 Renaissance Technologies
Long-biased equity
18 Davidson Kempner Distressed Opportunities International Cayman
Anthony Yoseloff, Avi Friedman, Conor Bastable
1.4 21.1 -6.2 5.6 Davidson Kempner Capital Management
Event-driven distressed
19 Rokos Global Macro Master
Chris Rokos 4.5 20.1 NA NA Rokos Capital Management
Macro
20 Element Capital Jeffrey Talpins 9.0 19.4 22.7 15.0 Element Capital Management
Macro
21 Black Diamond Thematic Richard Maraviglia, Matt Barkoff
1.4 19.0 -5.9 8.6 Carlson Capital Long-short equity
22 Oz Credit Opportunities Master
Jimmy Levin 1.8 18.2 -5.2 6.9 Och-Ziff Capital Management
Fixed-income directional
23 Marathon Special Opportunity
Louis Hanover 1.3 17.8 -11.9 0.02 Marathon Asset Management
Event-driven distressed
24 Kayne Anderson MLP
J.C. Frey 1.1 17.4 -33.9 -6.4 Kayne Anderson Capital Advisors
Long-short equity energy
Bloomberg's rankings of the top-performing hedge funds are based on funds' net returns for 2016. The data was com-piled from information supplied by fund companies, investors and fund databases. Because hedge-fund returns can be difficult to obtain, our lists are not all-inclusive. All returns are for full-year 2016; fund assets are through Dec. 31, 2016. Onshore and offshore assets were combined for a number of funds, while figures for other funds were only for the larger or better-performing class of the fund. "NA" denotes the fund doesn't have a full two-year or three-year history.
Posted from Bloomberg Briefs, February 28, 2017, copyright by Bloomberg L.P. with all rights reserved. This reprint implies no endorsement, either tacit or expressed, of any company, product, service or investment opportunity.
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2016 Top-Performing Funds With Between $250M and $1B in Assets
RANKINGS
Rank Fund Manager(s) Assets ($M)2016 Return (%)
2015 Return (%)
3-Yr Annualized Return (%)
Management Company Strategy
1 JLP Credit Opportunity Jeffrey Peskind 854 56.4 -38.0 -5.6 Phoenix Investment Adviser
Event-driven distressed
2 Dymon Asia Currency Value Master
Danny Yong 894 56.1 14.4 24.6 Dymon Asia Capital Macro
3 Equinox Partners Sean Fieler 255 55.0 -26.4 -1.2 Mason Hill Advisors Long-short equity
4 Thai Focused Equity Doug Barnett 300 51.0 1.0 21.5 Quest Management Long-biased equity
5 Cheyne Total Return Credit
John Weiss, David Peacock, Sean Boland, Mark Flack
361 46.5 -22.7 10.0 Cheyne Capital Fixed-income directional
6 Knight Vinke Institutional Partners International
Eric Knight 860 46.2 21.1 17.7 Knight Vinke Event-driven activist
7 Financial Opportunity Martin Friedman 265 37.0 22.5 23.4 FJ Capital Management
Event-driven equity
8 Kayne Anderson Infrastructure Income Partners
Mike SchimmelJ.C. Frey
473 35.2 -9.8 6.3 Kayne Anderson Capital Advisors
Fixed-income directional energy
9 Wexford Catalyst Charles Davidson, James Rubin, Richard Shapiro
363 35.0 -13.5 12.2 Wexford Capital Macro energy
10 Kayne Anderson Capital Income Partners
J.C. Frey 283 34.3 -35.1 -6.6 Kayne Anderson Capital Advisors
Multistrategy energy
11 Adar Macro Zev Marynberg 842 33.5 26.7 1.8 Adar Capital Partners
Macro
12 Varden Pacific Opportunity Partners
Shawn Stoval 523 33.3 -6.1 11.0 Varden Pacific Fixed-income directional
13 Corre Opportunities John Barrett, Eric Soderlund
278 31.1 -8.7 8.5 Corre Partners Management
Event-driven
14 Amplitude Klassik Karsten Schroeder 936 29.4 -18.9 9.9 Amplitude Capital Managed futures
15 Quantitative Tactical Aggressive
Jaffray Woodriff 738 28.4 -5.8 7.6 Quantitative Invest-ment Management
Long-short equity
16 Brigade Structured Credit
Don Morgan 630 26.9 -5.9 NA Brigade Capital Management
Capital structure arbitrage
16 Whitebox Relative Value Partners
Robert Vogel 396 26.9 3.6 11.7 Whitebox Advisors Convertible arbitrage
18 Marlin Michael Masters, Gregory Pope
513 26.5 -8.4 12.2 Masters Capital Management
Long-short equity
19 Brookfield Credit Opportunities Master
Angelo Rufino, Bob Paine 375 26.0 -4.4 NA Brookfield Asset Management
Event-driven distressed
20 White Square Pure Alpha Florian Kronawitter, Dennis Krings-Ernst
280 25.1 24.3 NA White Square Capital Equity market neutral
21 Latigo Ultra David Ford, David Sabath 345 25.0 -11.9 5.1 Latigo Partners Event-driven
22 Elm Ridge Capital Partners
Ronald Gutfleish 339 24.5 -29.8 -4.8 Elm Ridge Management
Long-short equity
23 BioMedical Value Jeffrey Jay, David Kroin 521 23.8 21.2 15.1 Great Point Partners Long-short equity health care
24 AQR Global Asset Allocation
Team managed 506 23.6 4.6 2.0 AQR Multistrategy
Bloomberg’s rankings of the top-performing hedge funds are based on funds’ net returns for 2016. The data was compiled from information supplied by fund companies, investors and fund databases. Because hedge-fund returns can be difficult to obtain, our lists are not all-inclusive. All returns are for full-year 2016; fund assets are through Dec. 31, 2016. Onshore and off-shore assets were combined for a number of funds, while figures for other funds were only for the larger or better-performing class of the fund. "NA" denotes the fund doesn't have a full two-year or three-year history..
Sources: Hedge-fund firms, databases and investors