(Hedgetracker) While equity hedge funds had a tough quarter overall, falling by -0.2%, several of the top investment styles managed to outperform. Leading the way were Sector Focused hedge funds, which saw their assets increase by 9.8% quarter-over-quarter. The top performing sector styles were Tech, TMT, Healthcare and Biotech focused funds, which were collectively able to lift the sector specific class, despite the less than stellar performances by Commodities, Energy and Financials focused funds. Leading the top sector focused gainers were Tech-focused Tiger Global Management, biotech-focused RA Capital Management and healthcare-focused Cormorant Asset Management.
Quant funds also had a strong quarter, realizing gains of 5.1%. Helping quant funds outperform for the quarter were London-based AHL Partners, NYC-based Element Capital Management and Fort Worth-based Wildcat Capital Management
