In a year when everyone was a winner (thank you Fed and BOJ) if some were bigger winners than others yet when virtually everyone underperformed the S&P, the biggest irony was that the very aptly named Keynes Leveraged Quantitative Strategies Fund was actually down -6.88% YTD and one of the 20 worst performing funds of the year. As for everyone else, hopefully their LPs are forgiving and don’t expect that in exchange for 2 and 20 that their funds would outperform the S&P for the first time in 5 years.
Best and Worst hedge funds of 2013:
The performance of select brand name hedge funds through mid/late December versus the S&P500:
And the full breakdown via HSBC:
     |
via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/KQ3etzFSIpg/story01.htm Tyler Durden