Bloomberg Markets magazine’s latest issue of February 2013 unveils worlds biggest and the highest performing hedge funds. The list contains world’s 100 biggest hedge funds. We have considered top 20 of the list which are the brightest performers with the magnitude of more than $1 billion.
Top 3 hedge funds from the list are invested in mortgage securities. Pine River Capital Management L.P runs two of those top 3 funds. Strategical investment in Mortgage Securities has shown phenomenal results with more than 20% return compared to 1.3% industry standards which makes these funds the highest yielding funds.
Here are the top 20 performers according to Bloomberg markets survey of last 10 months data.
1. Metacapital Mortgage Opportunities
This fund is being managed by Deepak Narula under the firm called Metacapital Management located in the U.S.A. The major strategy adopted by this fund was to invest in mortgage backed arbitrage. With assets worth $1.5 Billion, this fund has exhibited phenomenal return of 37.8 percent as compared to 23.6% in the year 2011.
2. Pine River Fixed Income
This fund is being managed by Steve Kuhn under the firm Pine River Capital Management located in the U.S. This fund has also cashed in mortgage backed arbitrage and resulted in whopping 32.9 percent return as compared to 4.8% return in the last year.
3. CQS Directional Opportunities
This funds is being managed by the renowned fund manager Michael Hintze under CQS located in U.K. This fund has followed multistrategy. With assets worth $1.5 billion, CQS has been able to achieve 28.9 percent growth.
CQS has shown fantastic turnaround in the last year. From the negative return of 10.4 percent, this fund has achieved 28.9 percent return which is really a commendable growth.
4. Pine River Liquid Mortgage
Steve Kuhn managed Pine River Liquid Mortgage fund has also cashed on mortgage backed arbitrage and achieved a 28.0 percent growth. With assets worth $1.1 billion, this fund has been able to achieve 20.8 percentage point growth.
5. Omega Overseas Partners A
- Management Firm: Omega Advisors
- Manager: Leon Cooperman
- Location: U.S.
- Investment Strategy: Long term & short term
- Assets: $1.4 billions
- 2011 return: -1.4%
- YTD total return: 24.4%
6. Odey European