Sat, Dec 5, 2020
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
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......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Renaissance, Two Sigma see losses as quant giants navigate chaos, Hedge fund run by BofA veterans trounces 99% of Brazil peers, Amid a tough year, CQS makes changes - and sees a rebound[more]

    Renaissance, Two Sigma see losses as quant giants navigate chaos From Bloomberg: Two of the hedge fund industry's quantitative powerhouses are getting tripped up this year as wild markets throw off their investing models. Renaissance Technologies, which manages the world's biggest q

  2. Investing: Hedge funds bet on tech ahead of unpredictable fourth quarter, The Tiger crowd's fresh buys, raises Uber stake, David Einhorn adds Twitter and Intel shares, keeps big bets on inflation, Palantir stock rockets to record highs as hedge funds disclose stakes, Trian dumped GE stock, but Druckenmiller stood pat in Q3 as SEC probe heated up[more]

    Hedge funds bet on tech ahead of unpredictable fourth quarter From Bloomberg: Hedge funds mostly stuck with the safety of technology stocks during the third quarter as they headed toward the uncertainty of this month's U.S. election. If they're still holding on to those wagers, it will

  3. SPACs: As Ackman hunts blockbuster deal, he counts on big backers[more]

    From Reuters: Hedge fund veteran William Ackman has the support of some of Wall Street's top investors as he tries to pull off the biggest-ever deal carried out by a blank-check acquisition company, according to regulatory filings published in the last few days. Among the heavy hitters rounded u

  4. Bill Ackman is bullish on stocks for 2021, but has a hedge position for a 'tragic' end to 2020[more]

    From CNBC: Billionaire hedge fund manager Bill Ackman, who made big money betting against the markets earlier this year, said he's optimistic about a recovery in 2021, but investors will need to get through a "tragic" year-end first. "We think the next couple of months unfortunately are going to

  5. SPACs: Media, energy-focused SPACs raise $561m in market debuts[more]

    From Law 360: Two blank-check companies, one led by former Disney executives and the other backed by Apollo Global Management, started trading Wednesday after raising a combined $561 million in initial public offerings. Forest Road Acquisition Corp. raised $261 million in its upsized debut, wh