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Alternative Market Briefing

Hedge fund performance is best measured by quarterly and yearly returns

Thursday, April 13, 2017

Komfie Manalo, Opalesque Asia:

The best measuring stick in determining performance are the quarterly and yearly returns, claimed Vincent Au, the Portfolio Manager at New York-based hedge fund management firm Gondor Capital Management.

"A good measuring stick is the returns of a fund not monthly but quarterly and yearly," Au said. He added, "While I am thrilled with the Gondor's returns, the number I am most proud of is 80% plus, that number reflects the percentage of months Gondor has been profitable since inception almost four years ago."

Since inception in July 2013, the Gondor Partners LP and the Gondor Funds LTD generated 64.25% and 37.52% returns respectively as of February 2017.

Gondor's two hedge funds generated double-digit returns in 2016, outperforming most of its much larger counterparts. The firm's domestic Gondor Partners posted a strong 26.53% in last year (+1.64% in December) while the offshore fund Gondor Funds was up 26.85% during the same period (+1.78% in December). Data provider Preqin has even included Gondor Partners and Gondor Funds LTC in its Top Performing Relative Value Strategies Hedge Funds for 2016.

In comparison, the average hedge funds paled with Gondor's funds in terms of performance as the HFRI Fund Weighted Composite Index (FWC) gained 5.5 percent for 2016, despite showing its best returns since 2013. Gondor also outperformed all the major U.S. indexes including S&P 500 la......................

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