• 10 Jan 2012 at 10:41 AM

Which Hedge Funds Were Most Profitable In 2011?

By

The latest issue of Bloomberg Markets magazine has the answer to that burning question but first, let’s take a gander at who had the best performance, among large hedge funds.

1. Tiger Global, YTD total return: 45% (assets, in billions: 6.0)
2. Renaissance Institutional Equities, 33.1% (7.0)
3. Pure Alpha II, 23.5% (53.0)
4. Discus Managed Futures Program, 20.9% (2.5)
5. Providence MBS, 20.6% (1.3)
6. Oculus, 19.0% (7.0)
7. All Weather 12%, 17.8% (4.4)
7. Dymon Asia Macro, 17.8% (1.6)
10. Citadel, 17.7% (11.0)
11. Coatue Management, 16.9% (4.7)
12. Stratus Multi-Strategy Program, 16.6% (3.7)
13. OxAM Quant Fund, 16.4% (2.0)
14. SPM Core, 15.7% (1.0)
15. Pure Alpha I, 14.9% (11.0)
16. Autonomy Global Macro, 13.9% (2.1)
17. BlackRock Fixed Income Global Alpha, 13.8% (2.4)
18. SPM Structured Serving Holding, 13.5% (1.6)
19. GSA Capital International, 13.0% (1.0)
20. JAT Capital, 12.7% (2.5)

And for those who judge themselves by how many bags of hundos they’ve got to strip naked and roll around in:


The World’s 100 Richest Hedge Funds [Bloomberg Markets Magazine]

Comments (83)

  1. 1
    Posted by fred | January 10, 2012 at 10:55 AM

    Otherwise known as the list of funds who will be receiving letters from regulatory agencies in the next 3-6 months.

  2. 2
    Posted by Backdoor_Bess | January 10, 2012 at 10:57 AM

    Third place in profits?!? Looks like we need to raise our fees to 5 / 80%

    Stevie

  3. 3
    Posted by Kegels123 | January 10, 2012 at 11:02 AM

    I think you guys forgot someone….

    -Whitney Tilson

  4. 4
    Posted by Blubberin' Bill | January 10, 2012 at 11:11 AM

    I am going to cry now.

  5. 5
    Posted by Guestivus | January 10, 2012 at 11:11 AM

    Good to see Discus got out of the Dealbreaker comments board management business and into the asset management business

  6. 6
    Posted by LPT Chicago | January 10, 2012 at 11:34 AM

    I am not sure about the marks on those equity positions that aren't publicly listed. As the article suggests, that gets a little to PE hybridish.

    Who has some better expertise on this they could share ?

    It's also worth pointing out that while the performance for the year speaks for itself, there is no profit for Citadel, nor has there been for three years now, as they are still below their HWM.

  7. 7
    Posted by Guest | January 10, 2012 at 11:34 AM

    Did this take into account the HWM on some?

  8. 8
    Posted by Texashedge | January 10, 2012 at 11:36 AM

    Well now all of a sudden I don't feel so cocky about coming in third in my fantasy league.

  9. 9
    Posted by Budd Dwyer | January 10, 2012 at 11:44 AM

    I wish I had invested with these guys instead of Tilson.

  10. 10
    Posted by Witty Whitney | January 10, 2012 at 11:45 AM

    We weren't wrong on being profitable, we were just early and did it before 2011.

  11. 11
    Posted by C. Gizzle | January 10, 2012 at 12:00 PM

    Chase Coleman molested me in the back of a van in a Walmart parking lot in Sheboygan.

  12. 12
    Posted by VonSloneker | January 10, 2012 at 12:06 PM

    Honorable Mention: Incarceratus Partners, B. Madoff – +1,200%. Location based arbitrageur of cigarettes, porn and burner phones. AUM $275.35

  13. 13
    Posted by Drizzy Drake | January 10, 2012 at 12:29 PM

    I just throw a couple bills and she’ll have a pair a HEELS

  14. 14
    Posted by guest | January 10, 2012 at 12:34 PM

    I don't see the Sykes Capital Management Penny Stock Opportunities Master Fund on this list.

    WTF?

  15. 15
    Posted by Crazy Uncle Ray | January 10, 2012 at 12:47 PM

    3 of the top 20 funds, huh? How do you like that, whiny Dartmouth newspaper people? We are HYENAS over here.

  16. 16
    Posted by Guest | January 10, 2012 at 12:54 PM

    You better believe that black-box algorithm is being kept under lock and key…

  17. 17
    Posted by Cut Me | January 10, 2012 at 12:57 PM

    *Beeeeep*

    run DealbrekerReader.exe
    scanning….scanning….scanning
    Rebellion Research = null
    Print: "RIGGED"

    END

  18. 18
    Posted by guest | January 10, 2012 at 12:58 PM

    A burner cell in the pen is worth $500. HTH

  19. 19
    Posted by Guest | January 10, 2012 at 1:00 PM

    I thought he got brought on as a PM by Paulson.

  20. 20
    Posted by Big Pun | January 10, 2012 at 1:08 PM

    Getting drunk again………three days in the pen.

  21. 21
    Posted by Duncan | January 10, 2012 at 1:17 PM

    Tiger Global, YTD total return: 45% (assets, in billions: 6.0)

    Fund, Manager(s) Management Firm, Location, 2011 total return profit, in millions
    6 Tiger Global, Chase Coleman, Feroz Dewan Tiger Global Management, U.S. 437.2

    What am I missing?
    How is $400 million 45% of 6 billion?

  22. 22
    Posted by Guest | January 10, 2012 at 1:19 PM

    This list is incorrect. Rebellion Capital isn't listed.

  23. 23
    Posted by Guest | January 10, 2012 at 1:24 PM

    You are missing the Incentive fee %

  24. 24
    Posted by in the know on TG | January 10, 2012 at 1:31 PM

    The PE-ish type investments are all social media stocks (hence the up 45% in 2011) and prior to the Linkedin IPO represented less than 10% of the fund. These stocks do trade by appointment on priviate exchanges. Most social media positions were purchased in 2009. The Goldman Sach valuation quote at the end of 2010 didn't hurt either.

    Tiger requested that Clients take money out of the fund @12/31 and depending on the level of redeemptions they may return capital in 2012. Targeting $4B.

  25. 25
    Posted by Gundlach | January 10, 2012 at 1:34 PM

    I'm up 50% in dildos.

  26. 26
    Posted by Guest | January 10, 2012 at 1:53 PM

    Why am I not on the list? I'll sue you.

    - Sarah Bernett

  27. 27
    Posted by Guest | January 10, 2012 at 2:12 PM

    Interestingly, not shown on the list above at #22 is the IntenseDebate Enhanced Global Opportunities Fund.

  28. 28
    Posted by Guest | January 10, 2012 at 2:17 PM

    In related news, the Harbinger Capital Prison Macro fund will be paying redemptions in illiquid packages of mackerel.

  29. 29
    Posted by VonSloneker | January 10, 2012 at 2:40 PM

    Or in a hollowed out book or bar of soap.

  30. 30
    Posted by mrpink | January 10, 2012 at 3:49 PM

    Give me a break!

    -Ron Insana

  31. 31
    Posted by worthy | January 10, 2012 at 4:11 PM

    You are the man Ray, no question. Loved the new yorker piece, I too got whacked for provoking a fight with the director of the Chicago office in my case. Corpulent little illiterate that he was.

  32. 32
    Posted by Too excited... | January 10, 2012 at 4:32 PM

    You mean the dildo is 50% up you Jeff

  33. 33
    Posted by nydivide | January 10, 2012 at 6:58 PM

    ZH already answered this question… http://www.zerohedge.com/news/presenting-worlds-m…

  34. 34
    Posted by texas bush | January 10, 2012 at 7:48 PM

    ya, and we all know it was really 5th too…

    so

  35. 35
    Posted by Mitt Romney | January 10, 2012 at 7:57 PM

    This links to the tiger disclosures in novy.

    Looks very much like a straightforward long tech play, and surprisingly concentrated, so the alpha was presumably form the private social network stakes. But boy I would like to see a clean, "out" on that stuff before paying 20 on it if in the know below is correct..

    Not sure how you windown or redeem that much stock on any secondary market I'm aware of, though I guess many of these are now listed and the specs and mo players are in them every day big looks like from volume.

    http://www.businessinsider.com/the-34-year-old-me…

  36. 36
    Posted by Bernard Madoff | January 10, 2012 at 10:01 PM

    we dont charge one…

    its for the love o the game boys.

    we're all one wells notice from humility.

  37. 37
    Posted by guest | January 10, 2012 at 11:22 PM

    Dude, never again cite Business "Insider" as a source that has a f'king clue about anything re: Wall Street.

  38. 38
    Posted by guest | January 10, 2012 at 11:43 PM

    Our Inverse Advantage Plus Fund was up 52%. Tell your friends, please

    J. Paulson

  39. 39
    Posted by @notdanloeb | January 11, 2012 at 2:33 AM

    Dan, is that you?

  40. 40
    Posted by Long tech | January 11, 2012 at 9:11 AM

    Its just the 10Q, presumably legit

  41. 41
    Posted by hedge funds | April 4, 2012 at 3:11 PM

    Hedge funds performed terribly last year. I don't think they are "hedged" at all. How are they different from mutual funds (other than charging an arm and a leg for their services)?

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