Best and Worst Hedge Funds – May 2021

We now have a large sample of managers to highlight the best and worst managers for May 2021. Clearly, most of the volatility happened with Cryptos, but even here, we saw managers that managed to ride out the volatility and deliver positive returns (although most of them were negative). The Top 10 and Worst 10 funds for the last month are shown below. This is based on our proprietary composite data streams but may contain errors. These are not filtered for Asset Under Management and are ranked on a simple return metric without adjusting for volatility. We only rank funds that have reported returns for the current reporting month. AUM within brackets.

CTA

Meyers Capital Management : Meyers Capital Management : 58.87% [1.50]
World Cup Advisor : Jorg Diemand Volatility Patterns : 16.13% [0.04]
Algocentric Capital : $100000 Program : 15.91% [0.70]
World Cup Advisor : Paige Williams Day Trader : 15.84% [0.02]
AG Capital Investments : Discretionary Global Macro : 14.08% [90.00]
Alpha Kairos Asset Management : Acclivity Sys : 12.19% [0.00]
AIS Capital Management : MAAP 3-6X : 11.37% [48.40]
Alpha Kairos Asset Management : Acclivity Prop : 11.24% [0.00]
World Cup Advisor : Larry Williams Mini S&P : 11.20% [0.07]
World Cup Advisor : Larry Williams China Gold : 10.89% [0.05]

World Cup Advisor : Yuwen Cao CC US Futures : -18.49% [0.02]
World Cup Advisor : Asset Risk Manager : -12.59% [0.02]
Ditsch Trading : Agricultural Trading Program : -8.97% [3.51]
GAIA Capital Management : GAIA FX+ : -8.15% [50.00]
Schindler Capital Management : Dairy Advantage Program : -8.04% [2.70]
Asset Management by Windsor Securities : Broad Heuristic Tactical Strategy : -7.92% [25.50]
Purple Valley Capital : Diversified Trend 1 : -5.43% [8.10]
World Cup Advisor : Sebastian Baumgaertel Target Zones : -5.38% [0.01]
World Cup Advisor : Andrea Unger East & West : -4.77% [0.07]
Auspice Capital Advisors : Short Term (AST) : -4.57% [12.90]

Market Neutral

RG Tactical Market Neutral Institutional : RG Tactical Market Neutral Institutional : 6.66% [0.00]
AQR Capital Management : Equity Market Neutral : 3.61% [0.00]
Vanguard : Vanguard Market Neutral : 3.25% [0.00]
RAM : Long Short European : 2.86% [153.00]
Merian : Global Equity Absolute : 2.71% [1178.00]
Nuveen : Nuveen Equity Market Neutral : 2.56% [0.00]
Gotham : Gotham Neutral 500 : 2.53% [0.00]
PIMCO : PIMCO RAE Fundamental Advantage PLUS : 2.46% [0.00]
Man GLG : GLG UK Absolute Value : 2.19% [351.00]
QS : QS Global Market Neutral : 2.16% [0.00]

Seven Seas : Alpha Japan Neutral (Permal) : -4.25% [55.00]
Fulcrum Asset Management : Thematic Equity Market : -3.15% [232.00]
KLP Kapitalforvaltning AS : KLP Alfa Global Energi : -1.74% [0.00]
Perdurance : Market Neutral (Rotschild) : -1.70% [31.00]
H2O : Fidelio : -1.68% [23.00]
JPMorgan : JPMorgan Research Market Neutral : -1.30% [0.00]
MarshallWace : MW Tops Market Neutral : -1.19% [692.00]
Seven : Fortress Fund : -1.13% [1.00]
Exane : Pleiade : -1.10% [1062.00]
Man GLG : GLG Innovation Equity : -1.04% [637.00]

Equity Long/Short

Invenomic : Invenomic Institutional : 12.33% [0.00]
BDL Capital : Rempart : 8.10% [16.00]
Fiera Capital : Oaks Emerging and Frontier : 6.59% [122.00]
Algebris : Financial Equity Fund : 5.03% [59.00]
Boston Partners : Boston Partners Long/Short Equity : 4.88% [0.00]
AmericaFirst : AmericaFirst Defensive Growth : 4.81% [0.00]
Majedie : Tortoise : 4.66% [381.00]
Liontrust : European Strategic : 4.63% [46.00]
AQR Capital Management : Long-Short Equity : 4.49% [0.00]
Gotham : Gotham Hedged Plus Institutional : 4.41% [0.00]

Max Mitteregger Kapitalforvaltning : Gladiator Fond : -10.43% [0.00]
Navigator : Navigator Sentry Managed Volatility : -6.71% [0.00]
Proxy P Management : Proxy Renewable LongShort Energy : -6.50% [0.00]
Cederberg Capital : Greater China (Banor) : -5.95% [367.00]
HELSINKI CAPITAL PARTNERS : HCP Focus Fund : -5.62% [0.00]
Black and White Capital : Innovation : -5.39% [112.00]
Probabilities : Probabilities : -4.43% [0.00]
Highland : Highland Long/Short Healthcare : -3.63% [0.00]
Summit : Sustainable Opportunities : -3.35% [35.00]
Lyxor : Bluescale Global Equity : -3.24% [47.00]

Event Driven

Formue Nord : Fokus : 4.17% [0.00]
Camelot : Camelot Event Driven : 3.45% [0.00]
Third Point : Third Point : 2.76% [0.00]
MProved Systematic : MProved Systematic Merger Arbitrage : 1.35% [0.00]
Syquant : Helium Selection : 1.32% [233.00]
Gabelli : Mergers & Acquisitions : 1.29% [0.00]
Bantleon : Event Driven Equities : 1.21% [28.00]
Syquant : Helium Performance : 1.10% [818.00]
Syquant : Helium : 0.96% [510.00]
Alpine : Merger Arbitrage : 0.96% [136.00]

Transamerica : Event Driven : -1.71% [0.00]
Boussard Gavaudan : Absolute Return : -1.68% [207.00]
Formue Nord : Formue Nord Markedsneutral AS : -1.57% [0.00]
CIAM : Satellite Event Driven : -1.50% [91.00]
York : Asian Event (Lumyna) : -1.11% [184.00]
Cheyne : Cheyne Arbitrage (U Access) : -0.71% [61.00]
Odey : Special Situations : -0.50% [45.00]
Vivaldi : Vivaldi Merger Arbitrage : -0.26% [0.00]
Portland : Hill Catalyst Driven : -0.21% [41.00]
Allianz Global Investors : Merger Arbitrage Strategy : -0.05% [36.00]

Fixed Income

SME : Credit Realisation : 5.52% [0.00]
Legg Mason : Brandywine Global Enhanced Absolute Return : 3.56% [274.00]
Lazard : Emerging Markets Local Debt : 2.57% [0.00]
GAM International Management : Star Global Rates : 2.50% [101.00]
Ironshield : Credit Fund : 1.71% [25.00]
Highbridge : Credit Fund : 1.65% [0.00]
Lazard : Emerging Markets Debt Blend : 1.58% [0.00]
Legg Mason : Western Asset Macro Opp : 1.46% [4550.00]
Bluebay : Emerging Market Unconstrained Bond : 1.38% [507.00]
Syquant : Helium Invest : 1.26% [50.00]

Formuepleje Fund Management : Formuepleje Fokus : -4.31% [0.00]
Nykredit Asset Management : Nykredit MIRA Hedge Fund : -3.97% [0.00]
HP Fondsmaglerselskab : HP Hedge Danish Bonds : -3.33% [0.00]
CABA Capital : CABA Hedge : -3.07% [0.00]
Roxbury : Credit Events : -2.79% [14.00]
KBC : Bonds Convertibles : -2.20% [0.00]
Bluebay : Global Sovereign Opportunities : -1.62% [333.00]
Nordea Asset Management : Nordic Rates Opportunity : -1.49% [0.00]
Pareturn : Gladwyne Absolute Credit : -1.23% [29.00]
Excalibur Asset Management : Excalibur : -1.19% [0.00]

Risk Premia

Aberdeen : Alternative Risk Premia : 4.91% [27.00]
Eraam : Premia : 4.55% [22.00]
Lumyna : Merrill Lynch MCLX : 4.11% [135.00]
LGT Capital Partners : LGT Alpha Generix : 3.32% [46.00]
Systematica Investments : Alternative Risk Premia : 3.28% [141.00]
Capital Fund Management : Diversified : 3.11% [91.00]
BNP Theam : Quant Equity : 2.55% [25.00]
Eraam : Premia Low Vol : 2.39% [2.00]
Blackrock : Style Advantage : 2.30% [152.00]
Wells Fargo : Alternative Risk : 2.16% [0.00]

Estlander & Partners : Glacies : -0.33% [0.00]
Lombard Odier Investment Managers : Alternative Risk Premia : -0.29% [65.00]
Unigestion : Alternative Risk Premia Fund (JHancook) : -0.12% [0.00]

Crypto

CryptoIVPSI : CRYPTOIVPSI : 72.49% [0.00]
Arctur DeFi : MULHACEN : 48.00% [0.00]
Principles Karlheinz Niebuhr Funk : PRINCIPLES : 41.78% [0.00]
Bitcoin Crypto Assets : BITCOINCRYPTOASSETSFUND : 30.22% [0.00]
Coincident Capital : Coincident : 19.28% [449.30]
WhiteBot Crypto : WHITEBOTCRYPTO : 16.33% [0.00]
Craton Crypto : CRATON : 15.39% [0.00]
Cryptofund Global : CRYPTOFUNDGLOBAL : 14.79% [0.00]
Sonic Wolf : SONICSTRATEGY : 14.50% [0.00]
Crypto Future : GAMERINC : 10.79% [0.00]

Davidaiz : DAVIDAIZ : -77.98% [0.00]
Hopeful Futures : HOPEFULFUTURES : -63.92% [0.00]
FROANC : FROANC FROANC : -63.22% [0.00]
dottop : DOTTOP : -62.83% [0.00]
FutureFinance : PROJECTONE : -61.90% [0.00]
369 strategy Primoz Cimerman : 369STRATEGY (daily) : -60.70% [0.00]
FUSION : FUSION FUSION : -59.57% [0.00]
Growth Equally Weighted Fund : GROWTHINDEXEQUALLYWEIGHTED : -59.41% [0.00]
TheCryptoOwl Strategy : THECRYPTOOWL : -58.94% [0.00]
Zero2Hero : ZERO2HERO : -58.21% [0.00]