New York (HedgeCo.Net) – Bloomberg Markets Magazine has compiled a list of the top hedge funds in 2013 with three lists of top performers: 100 funds with assets greater than $1 billion; 25 funds with assets of $250 million to $1 billion; and the 20 most-profitable large funds. Assets and returns were for the 10 months ended on Oct. 31.
Larry Robbin’s $1.8 billion Glenview Capital Opportunity Fund ranked #1 in the annual Bloomberg Markets ranking of the best-performing large hedge funds with a 84.2 percent gain through October 31.
Some highlights include:
- Three large Top Performing hedge funds include Glenview Capital Opportunity, Matrix Capital Management, Paulson Recovery.
- Top Midsize hedge funds are Senvest Partners, Marlin and SFP Value Realization.
- The Top 3 Most Profitable hedge funds are Bridgewater Pure Alpha II, OZ Master and The Children’s Investment Fund.
Steve Cohen’s SAC Capital International was actually the most-profitable fund in 2013, according to Bloomberg data, however Cohen isn’t on the most-profitable list this year because he is returning investors’ money as his firm settles criminal charges from the U.S. government.
Some of the biggest managers were the biggest disappointments in 2013. Ray Dalio, who runs Bridgewater Associates LP, returned just 6 percent through October in his $63 billion Pure Alpha II fund, according to data compiled by Bloomberg. The full lists are available here.
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