Beverly Chandler, Opalesque London.
Amidst the gloom of the end of year negative results for the hedge fund sector comes a little light with the February edition of Bloomberg Markets Magazine focussing on the heavyweights in the hedge fund world. Their cover story features the 100 Richest Hedge Funds detailing the main players at the top performing and largest hedge fund firms.
According to the Bloomberg Markets team, the top performing large hedge fund is Tiger Global with $6bn in assets under management and performance of 18% in 2010 and a 10 month 2011 return of an impressive 45%. The fund is managed by Chase Coleman, a Tiger cub alumni – the elite group of hedge fund managers who worked with or are funded by Julian Robertson and his original Tiger Management. Robertson was interviewed on Opalesque TV in 2009.
The Bloomberg Markets Magazine research also detailed the most profitable hedge fund firms, best performing strategies and mid-size firms.
Separately, they also reviewed RK Capital Management, run in the UK by Michael Farmer. This metals trading hedge fund firm has $1.3 bn under management and its $400 million Red Kite Compass fund tops Bloomberg Markets’ ranking of midsize hedge funds for the first 10 months of 2011, with a reported return of 47%. The firm’s $200 million Red Kite Metals Fund returned 34%, and the $100 million Red Kite Prospect Fund achieved 50%, according to investors in the funds.