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Komfie Manalo, Opalesque Asia:

2016 is mostly seen as a rough year for hedge funds. Many of the big players in the industry suffered losses but there are some, including few unknowns, which have posted remarkable returns this year.

If there is one thing consistent with the hedge fund industry, maybe it's self-criticism, reports Yahoo Finance. Third Point's Daniel Loeb predicted there is going to be a "washout in hedge funds," while Point72 Asset Management's Steven Cohen decried the "lack of talent" in the industry during the Milken Conference in May. And Berkshire Hathaway's Warrant Buffet described the fees charged by hedge fund managers as "unbelievable."

However, Agecroft Partners managing partner Don Steinbrugge is not having any of these concerns. He told Yahoo, "If all you do is read the news you would think that hedge funds have lost half their assets. The reality is the industry is at an all-time high."

Data released by Hedge Fund Research showed that global assets managed by hedge funds reached a record $2.97 trillion at the end of September, up from $2.9 trillion at the end of 2015.

Steinbrugge continued, "The hedge fund i......................

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