Top Hedge Funds of 2012

Money Hedge Fund Top 2012 Bloomberg

Bloomberg Markets Magazine just released a report of the top funds categorized by success and profit, in addition to the top strategies of 2012. The most successful was Deepak Narula’s firm Metacapital Management with a 37.8% return.

Narula, 49, has used Fannie and Freddie to build the world’s most-successful hedge fund. His Metacapital Mortgage Opportunities Fund, which invests heavily in agency mortgages, returned 37.8 percent in the first 10 months of 2012, putting it at the top of the Bloomberg Markets list of the 100 best- performing hedge funds managing $1 billion or more, which will be published in the February issue of Bloomberg Markets. That comes on top of a 23.6 percent return in 2011. The Mortgage Opportunities fund is up 520 percent since it started trading in July 2008. (Bloomberg)

 

Most Successful:

  1. Metacapital Management (+37.8%) - Deepak Narula
  2. Pine River Capital Management (+32.9%) - Steve Kuhn
  3. CQS (+28.9%) - Michael Hintze
  4. Pine River Capital Management (+28.0%) - Steve Kuhn & Jiayi Chen
  5. Odey Asset Management (+24.1%) - Crispin Odey
  6. Marathon Asset Management (+24.0%) - Bruce Richards & Louis Hanover
  7. Appaloosa Management (+24.0%) - David Tepper
  8. BTG Pactual Global Asset Management (+23.1%) – Team
  9. Third Point (+22.1%) - Dan Loeb
  10. Omega Advisors (+21.7%) - Leon Cooperman

 

Most Profitable Funds (in millions):

  1. SAC Capital International ($789.5) - Steve Cohen
  2. Viking Global Equities ($456.5) - Andreas Halvorsen
  3. OZ Master ($402.6) - Daniel Och
  4. Elliott Internationa ($284.1) - Paul Singer
  5. Oculus ($278.6) - David Shaw
  6. Citadel Kensington/Wellington ($262.5) – Team
  7. Tiger Global ($254.5) - Feroz Dewan & Chase Coleman
  8. Silver Point Capital ($219.7) - Edward Mule
  9. Pine River Fixed Income ($210.0) - Steve Kuhn
  10. Greenlight Capital ($196.7) - David Einhorn

 

Top Strategies:

  1.  Mortgage-Backed Arbitrage
  2. Asset Backed
  3. Equity Statistical Arbitrage
  4. Capital Structure, Credit Arbitrage
  5. Distressed Securities

 

 
Data Source:

Kambiz Foroohar & Kelly Bit
Bloomberg Markets Magazine, 1/3/2012

[Photo: 401(K) 2013/Flickr]