Dear all,
The latest Top 50 hedge funds report has just been published and here are the best 3 long/short hedge funds for the past 5 years. (the performance numbers stated are after-fees, mutiple 1.25 to get performance before fees)
Regards
James
Peconic Grenadier
Cooper Creek
Anson Investments
This shows how important luck is in investing. Even hedge funds investing in non-microcap stocks can get higher returns than Keating's microcap model with enough luck. So too, the results of many of the recently popular multi-strategy hedge funds can reasonably be attributed to luck, return smoothing and very good luck with lots of leverage & return smoothing.
