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2017 Top Ten Hedge Funds

None of the top ten performing hedge funds last year were based in London, however the top two funds focused on cryptocurrencies and bitcoin, according to a report from Preqin that looks at performance from last year. AlphaWeek takes a look at the top ten hedge funds by net return from last year.

1. Silver 8 Partners

This multi strategy hedge fund had a net return of 770.74% last year, according to a report from Preqin.

Headquarterd in the US the hedge fund focuses on transformational technologies within the financial services industry (think cryptocurrencies and blockchain technology). Launched in mid-2015 it is managed by Silver 8 Capital whose co-founders are Jose Suarez and Manual Anguita.

According to reports from Bloomberg at the end of last year assets were around $300m.

2. Global Advisors Bitcoin Investment fund (GABI)

Founded in 2014 this hedge fund had a net return last year of 330.08%. Operating out of Jersey its strategy focuses on cryptocurrencies and is managed by Global Advisors, which was founded in 1999.

According to its website, GABI was the first institutional-grade program for managing exposure to bitcoin. They have a proven track record managing the risks and inherent volatility while outperforming the US Dollar Bitcoin index over

AUM was unavailable at the time of writing.

3. SH Capital Partners

The fund had a 234.09% net return last year. Headquartered in the US its strategy is long bias and it is managed by Stone House Capital Management.

Founded by Mark Cohen in 2010, he wrote in his Stone House Capital

According to LinkedIn, the firm invests with a concentrated, long-term, value-based approach and aligns itself with exceptional, owner-oriented managers.

AUM was unavailable at the time of writing.

4. Northwest Warrant Fund – Class A

This long bias hedge fund had a 216.68% net return last year. Based in Hong Kong it is

Northwest Investment Management Limited is a privately owned hedge fund sponsor. The firm primarily invests in the public equity and hedging markets of Asia. It employs a combination of long short equity, market neutral, and arbitrage strategies to create its portfolios. Northwest Investment Management Limited is a former subsidiary of RAB Capital Ltd. 

AUM was unavailable at the time of writing.

5. Vulpes Life Sciences Fund – Class A

The fund had a net return of 190.03% last year. Headquartered in Singapore its runs a multi strategy and is managed by Vulpes Investment Management, which was founded in 2011 by Stephen Diggle. The firm invests across agriculture, German real estate, life sciences, disruptive technologies and other PE style opportunities, according to its website.

AUM was unavailable at the time of writing.

6. Green Energy Metals Fund

The fund had a net return of 135.04% last year. Headquartered in the US it is managed by Portal Capital, which was founded by Robert Mitchell in 2006; the fund is managed by Mitchell and Justin Kurland.

Its strategy focuses on commodities, but the fund mainly invests in physical off-exchange traded minor metals that are crucial to the production and sustainability of clean energy, emerging technology and energy efficiency. Part of the fund is made up of a long/short equity portfolio in these metals. The aim of the fund is to find out-sized gains by taking positions in the physical metals where demand is increasing in the face of diminishing and/or constrained supply.

AUM was unavailable at the time of writing.

7. EIα All Weather Alpha Fund I

The fund, which launched in Q1 2018, had a 117.25% net return last year. Based in the US its strategy it is managed by youngster Andrew Middlebrooks, CEO and CIO at Alpha Partners Fund Management.

The fund focuses on quantitative Long/Short Global Equity and aims to get absolute returns by identifying and exploiting multiple inefficiencies in global equity markets. The Fund’s strategy is based on using Eiα’s proprietary intellectual framework (GLM Analytics) of forecasting, research, portfolio simulation and valuation models to evaluate when to buy or sell stocks using over 100 factors.

AUM was not available, however reports from ‘Opalesque’ reports that Middlebrooks anticipates (if not already) managing $2 to $3 million by August this year.

8. Pabrai Investment Fund 3

The fund had net returns of 109.24% last year. Based in the US its strategy is Long/Short Equity and it is managed by Pabrai Investment Funds

Mohnish Pabrai, who famously paid $650,100 for lunch with Warren Buffett in 2007, is founder and managing partner of Pabrai Investment Funds, which he set up in 2005.

As of May 2017, AUM across the firm was around $660m.

9. CSV China Opportunities Fund

The fund had a net return of 108.79% last year. Headquartered in China where it is managed by CSV Capital Partners, its strategy is Long/Short equity.

According to its website, the investment objective of the fund is to seek superior long-term capital appreciation by investing in a concentrated portfolio of Chinese equities. The fund looks to purchase a long portfolio of high quality Chinese companies when they are available at prices CSV believes are undervalued. Then opportunistically sell short other Chinese equities it believe are overvalued.

The firm was founded in 2012 and it now has six employees. Earl Yen is portfolio manager and it has around $8.61 million in AUM.

10. Symphonic Opportunities Fund, LP

The fund had a net return of 103.87% last year. Based in the US it is managed by Symphonic Alternative Investments.

While the firm has two funds, the Symphonic Opportunities Fund employs a Long/Short equity strategy

They specialise in identifying overvalued or mispriced investment opportunities. They use an investment process driven by fundamental judgment with systematic implementation based on expected returns, risk and transaction costs.

AUM was unavailable at the time of writing.