New York (HedgeCo.net)- The annual Barron’s Hedge Fund List was released over the weekend and for the second straight year, Glenview Offshore Opportunity Fund came in at number one. The fund managed by Larry Robbins accumulated a three-year annualized gain of 57%.
The second place finisher was Richard Mashaal of Senvest Partners with a three-year annualized gain of 44% while third place went to the Marlin fund, where Michal Masters is at the helm, with an annualized gain of 41.63%. A few observations from the list were that almost half of the list was made up of equity-focused funds and the outperformance of the members on the list was considerable when compared to the industry as a whole. According to BarclayHedge, the average hedge fund returned 7.36% over the last three years while the funds on the Barron’s list returned 21%. Both of those figures are net of fees.
One other item of note was that there was a balance between the equity-focused funds and their investment styles. Some of the funds were actively traded funds while others were longer term investors and activist oriented funds.