For the first eight months of 2010 it hasn’t been an easy time for hedge funds, but there are a number that are running well.
In a rare occurrence, Eurekahedge has misplaced its modesty and disclosed the names of the hedge funds in Asia that are the top performers so far in 2010. That’s good, because their transparency means we can now publicly acclaim those funds.
There’s a few familiar names in the top 10: Indonesia-specialist James Bryson’s Komodo Fund, a pair of Lionhart funds, a Stephen Cohen fund (note to self: we really should invite Stephen Cohen to be interviewed by AsianInvestor one day), and even a RAB Capital fund – nice one RAB.
Without further ado, let's list the winners to date.
1) Lionhart Aurora Fund 81.6%
2) Quantedge Global Fund 42.8%
3) FX Concepts (SAC) Ltd 38.9%
4) Lionhart Asia Plus Fund 35.6%
5) RAB Energy Fund 32.8%
6) Komodo Fund 31.4%
7) 36 South SPC Ltd 28.3%
8) Horizon Growth Fund 27.6%
9) Credence Oriental 26.4%
10) Asean Small Cap Fund 24.0%
There isn’t one name on this list which was in the Top 10 for 2009, (the top performer for 2009 was Galaxy China Deep Value Fund with a 257% return). This goes to illustrate what a taxing ordeal it is for funds of funds to rebalance their portfolios, when there is so much dispersion.
No word from Eurekahedge about which funds are the bottom 10 that still report their monthlies, but even if we knew, we wouldn’t mock them, because they'll probably be en forme again in 2011.