Thu, Mar 28, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Industry Updates

Preqin issues league tables of the most consistently performing hedge funds

Tuesday, March 08, 2016
Opalesque Industry Update - Drawing on data compiled for the 2016 Preqin Global Hedge Fund Report, Preqin has created league tables of hedge funds that have most consistently delivered strong, stable performance. These league tables do not seek in any way to endorse these funds, but rather to illustrate those that have performed the most consistently over the period January 2013 – December 2015. Seven top-level strategies are represented; equity strategies, macro strategies, event driven strategies, credit strategies, relative value strategies, multi-strategies and CTAs.

Methodology:

From its Hedge Fund Online database of over 14,000 hedge funds, Preqin ranked the 1,761 qualifying funds (those with a full performance record across the past three years) using a percentile rank methodology over each of the following metrics: annualized return, annualized volatility, Sharpe ratio and Sortino ratio. The score of each fund was then derived through an equally weighted average of the four percentile values, and used to determine the fund’s Consistency Rating. Where a Sortino ratio could not be calculated (due to the fund not generating a negative return in the sample period) the fund was given a percentile score of 100 for its Sortino ratio metric.

Most Consistent Performing Hedge Funds:

  • Equity Strategies – Eight of the top 10 consistent performing equity strategies funds scored in the 90th percentile for each metric. The highest rank was for the Taiga Fund – Class A, with a consistency score of 94.40. Peregrine Capital and 36ONE Asset Management each had two funds in the top five.

  • Macro Strategies – The top macro strategies consistency score was 93.60 for the BNY Mellon ARX Hedge FIM fund. ARX Investimentos and Verde Asset Management each had three funds in the top ten.

  • Event Driven Strategies – The top ranked event driven strategies fund was Context BH Partners – Founders’ Class, run by Context Capital Partners, which scored 91.48. Owl Creek Asset Management had two funds in the top ten.

  • Credit Strategies – Polo Credito Privado FIM, with a consistency score of 95.70, was the highest ranked fund of any strategy. Capitania and Evolution Capital Management each had two funds in the top ten.

  • Relative Value Strategies – The Peregrine Capital Pure Hedge Fund was the most consistent performing relative value strategy fund, with a consistency score of 92.93.

  • Multi-Strategy – JGP Strategy, from JGP Global Gestão de Recursos, had the top consistency score of 91.65. None of the top ten most consistent performing funds are run by US-based fund managers, while just two are run by Europe-based managers.

  • CTAs – The top score among CTAs was for the Esulep LLC Permo Fund, run by Esulep, which scored 91.98. Von Preussen-Hohenberg Management AG had two funds in the top ten.

  • What do you think?

       Use "anonymous" as my name    |   Alert me via email on new comments   |   
    Previous Opalesque Exclusives                                  
    Previous Other Voices                                               
    Access Alternative Market Briefing

     



    • Top Forwarded
    • Top Tracked
    • Top Searched
    1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

      Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

    2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

      From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

    3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

      Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

    4. 4 hedge fund themes that are working in 2024[more]

      From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

    5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

      Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1