Best & Worst Hedge Fund Strategies September 2021

Based on the latest available return data, we can present the best and worst strategies per category, both on a monthly and on a yearly basis. This is calculated from 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.

CTA

While the general CTA tends to be trend-driven, most of the outliers are driven by specific markets or market effects. The dispersion for the best/worst funds is high, but you may learn something about how they and correlated strategies react to different market developments. To the see full CTA list, with dynamic rankings, please see https://nilssonhedge.com/reports/nilsson-report/cta-rankings/. We note that the year-to-date numbers are dominated by commodity-focused strategies.


RCMA Capital : Merchant Commodity Fund  :  19.20% [283.00]<br> Kopis Capital Management : Commodity Long Short  :  14.85% [0.81]<br> Opus Futures : Opus Macro Monitor Proprietary  :  14.63% [1.00]<br> Quantitative Investment Management : Global Program 3x  :  10.84% [102.50]<br> PGM Asset Management : PGM Trident Program  :  10.28% [2.18]<br> Mulvaney Capital Management : Global Diversified Program  :  9.94% [161.00]<br> ISAM : ISAM Systematic Trend 2x  :  9.50% [5846.70]<br> EMC Capital Advisors : EMC Classic Program  :  9.19% [27.60]<br> P/E Investments : Diversified Global Macro Strategy  :  8.95% [553.00]<br> Systematica Investments : China Markets  :  8.87% [1100.00]<br> Fort LP : Global Contrarian  :  -8.49% [2257.00]<br> Superfund Capital Management : Green Silver SICAV  :  -8.71% [124.00]<br> Equinox Fund Management : Equinox Ampersand Strategy Fund  :  -8.74% [3.89]<br> QQFund.com : Alpha Beta Program  :  -8.75% [29.28]<br> Strategic Capital Advisors (Paskewitz) : Contrarian S&P Program  :  -9.93% [5.40]<br> Trident Capital Management : Systematic Global Macro Enhanced  :  -10.00% [52.00]<br> 120 Capital Management : Quantamental Global Macro Program  :  -10.50% [10.00]<br> The Great O'Neill : Great O'Neill  :  -12.22% [1.00]<br> Soaring Pelican : Overnight Advantage  :  -16.05% [0.95]<br> t24 Capital : TCM Global Index Fund  :  -16.93% [24.35]<br> >

RCMA Capital : Merchant Commodity Fund  :  19.20% [283.00]<br> Kopis Capital Management : Commodity Long Short  :  14.85% [0.81]<br> Martin Fund Management : Martin Options Program  :  0.56% [72.00]<br> Meyers Capital Management : Meyers Capital Management  :  -0.34% [1.90]<br> SMN Investment Services : Structural Alpha Trend  :  3.41% [18.02]<br> Glenhaven Capital : Glenhaven Global II  :  4.32% [4.84]<br> AIS Capital Management : MAAP 3-6X  :  0.79% [45.30]<br> GAIA Capital Management : GAIA FX+  :  1.90% [65.50]<br> Mulvaney Capital Management : Global Diversified Program  :  9.94% [161.00]<br> Gresham Investment Management : GreshamQuant Acar  :  7.25% [891.00]<br> QTS Capital Management : Chimera  :  -5.21% [9.04]<br> Method Asset Management : Genesis Trading Program  :  -4.65% [0.08]<br> Lynx Asset Management : Constellation  :  -7.22% [88.00]<br> Robust Methods : Robust Methods LLC  :  -8.12% [0.00]<br> WG Wealth Guardian : GVR Program  :  -0.03% [1.20]<br> The Great O'Neill : Great O'Neill  :  -12.22% [1.00]<br> Auspice Capital Advisors : Short Term (AST)  :  -6.17% [11.00]<br> Scarabaeus Wealth Management : Quant Infinity - Formiga Trading  :  -5.63% [3.80]<br> Algo Capital : Energy  :  8.72% [7.11]<br> Algo Capital : NC3816  :  -3.74% [17.37]<br> >

Market Neutral

Market Neutral is one of the least volatile strategies, where returns tend to accumulate over time, rather than printing lumpy returns on the upside or downside. Factor performance tends to dominate the average performance, but specific funds can be exposed to specific strategies that are not captured by academic factors. To explore our extensive Market Neutral list, with dynamic rankings, please see https://nilssonhedge.com/reports/nilsson-report/market-neutral-rankings/


Not Reported : Dummy Variable  :  1.00% [0.00]<br> Not Reported : Dummy Variable  :  -1.00% [0.00]<br> >

Not Reported : Dummy Variable  :  1.00% [0.00]<br> Not Reported : Dummy Variable  :  -1.00% [0.00]<br> >

Equity Long/Short

As per common knowledge, half of the returns for Equity Long/Short strategies are driven by the underlying equity markets. Performance for the best and worst managers is typically driven by idiosyncratic security-specific situations. To explore our extensive Equity Long/Short-list, with dynamic rankings, please see https://nilssonhedge.com/reports/nilsson-report/equity-long-short-rankings/.


Not Reported : Dummy Variable  :  1.00% [0.00]<br> Not Reported : Dummy Variable  :  -1.00% [0.00]<br> >

Not Reported : Dummy Variable  :  1.00% [0.00]<br> Not Reported : Dummy Variable  :  -1.00% [0.00]<br> >

Event Driven

Event-Driven managers are commonly exposed to various arbitrage/spread risks related to specialist situations securities. Managers with concentrated exposure tend to end up on this list and exploring the drivers of out or underperformance may yield insights. To explore our extensive Event-Driven list, with dynamic rankings, please see https://nilssonhedge.com/reports/nilsson-report/event-driven-rankings/


Not Reported : Dummy Variable  :  1.00% [0.00]<br> Not Reported : Dummy Variable  :  -1.00% [0.00]<br> >

Not Reported : Dummy Variable  :  1.00% [0.00]<br> Not Reported : Dummy Variable  :  -1.00% [0.00]<br> >

Fixed Income

Like Equity Long/Short managers, Fixed Income managers are usually driven by the underlying market conditions. For this list, we typically find managers that are sensitive to a specific subsector, and especially managers that are engaged in the lowest part of the capital structure. To explore our extensive Fixed Income list, with dynamic rankings, please see https://nilssonhedge.com/reports/nilsson-report/fixed-income-rankings/


Not Reported : Dummy Variable  :  1.00% [0.00]<br> Not Reported : Dummy Variable  :  -1.00% [0.00]<br> >

Not Reported : Dummy Variable  :  1.00% [0.00]<br> Not Reported : Dummy Variable  :  -1.00% [0.00]<br> >

Risk Premia

Risk Premia managers are commonly implemented well explored and researched systematic strategies. These may be viewed as a general proxy for Hedge Fund exposure. Performance of specific factors may reveal differences and similarities to your own portfolio. To explore our extensive Risk Premia list, with dynamic rankings, please see https://nilssonhedge.com/reports/nilsson-report/risk-premia-rankings/


Allianz Global Investors : Multi Asset Risk Premia  :  2.24% [142.00]<br> AQR Capital Management : Style Premia Alternative  :  1.67% [0.00]<br> Fulcrum Asset Management : Fulcrum Risk Premia  :  1.30% [74.00]<br> LFIS : Vision Premia  :  1.07% [345.00]<br> Wells Fargo : Alternative Risk  :  0.83% [0.00]<br> AQR Capital Management : Alternative Risk Premia  :  0.77% [0.00]<br> Wells Fargo : Alternative Risk Premia  :  0.26% [25.00]<br> Eraam : Premia  :  0.17% [7.00]<br> Blackrock : Style Advantage  :  0.16% [128.00]<br> Lombard Odier Investment Managers : Alternative Risk Premia  :  -2.28% [60.00]<br> Unigestion : Alternative Risk  :  -2.48% [17.00]<br> Dynamic Beta Investments : Liquid Alternative (SEI)  :  -2.77% [311.00]<br> Estlander & Partners : Glacies  :  -2.79% [23.18]<br> Evli Fund Management : Evli Factor Premia  :  -3.12% [25.20]<br> BNP Theam : Quant Equity  :  -3.30% [26.00]<br> Goldman Sachs Management : Alternative Premia  :  -3.60% [0.00]<br> LGT Capital Partners : LGT Alpha Generix  :  -4.01% [59.15]<br> Systematica Investments : Alternative Risk Premia  :  -4.72% [146.00]<br> Catalyst Funds : Systematic Alpha  :  -4.96% [0.00]<br> >

AQR Capital Management : Style Premia Alternative  :  1.67% [0.00]<br> Catalyst Funds : Systematic Alpha  :  -4.96% [0.00]<br> Fulcrum Asset Management : Fulcrum Risk Premia  :  1.30% [74.00]<br> AQR Capital Management : Style Premia  :  -0.06% [443.00]<br> Neuberger Berman Group : US Equity Put Write  :  -1.95% [275.00]<br> Nordea Asset Management : Nordea 1  Alpha 15 MA Fund  :  -1.99% [5359.20]<br> AQR Capital Management : Alternative Risk Premia  :  0.77% [0.00]<br> Allianz Global Investors : Multi Asset Risk Premia  :  2.24% [142.00]<br> Capital Fund Management : Diversified  :  -0.83% [86.00]<br> Blackrock : Style Advantage  :  0.16% [128.00]<br> Goldman Sachs Management : Alternative Premia  :  -3.60% [0.00]<br> FS Investments : Global Macro  :  -0.82% [0.00]<br> Evli Fund Management : Evli Factor Premia  :  -3.12% [25.20]<br> LGT Capital Partners : LGT Alpha Generix  :  -4.01% [59.15]<br> Lombard Odier Investment Managers : Alternative Risk Premia  :  -2.28% [60.00]<br> >

Crypto

As usual Crypto traders are the wildest bunch on the street. Returns tend to be double-digit (or even triple-digit for the best funds), simply due to the volatility of the asset class. To explore our extensive Crypto Strategy list, with dynamic rankings, please see https://nilssonhedge.com/reports/nilsson-report/crypto-strategy-rankings/


DrivenByData : ANALYTICODESCRETIO  :  263.0% [0.00]<br> Pina Criptohold Green-Pina : AAVELEND  :  84.37% [0.00]<br> CryptoDreams : KADCRYPTO  :  66.15% [0.00]<br> FutureProof : POSCRYPTO  :  61.25% [0.00]<br> INVESTMOX : INVESTMOXROLLERCOASTER INVESTMOX Rollercoaster  :  53.36% [0.00]<br> Low Fees Top Fundamentals : Low Fees Top Fundamentals  :  50.79% [0.00]<br> BullRun CrypoLoco : BULLRUN  :  41.87% [0.00]<br> Capital PLUS ULTRA Capital : SEMPERINVEST PLUS ULTRA  :  37.49% [0.00]<br> All in or nothing : ALLINORNOTHING  :  36.15% [0.00]<br> TwenteMining : BUILDINGAFUTURE  :  35.25% [0.00]<br> AXIUM INVEST : AXIUMFUND  :  -24.36% [0.00]<br> Cryptology Monkey : MARKETSAVVY  :  -27.07% [0.00]<br> Algorithm Performance : ALGORITHMPERFORMANCE  :  -27.31% [0.00]<br> Bituni Network : BITUNINETWORK1  :  -28.87% [0.00]<br> Block Brain Madness : BLOCKBRAINMADNESS  :  -29.84% [0.00]<br> Ca6o6opuc : CA6O6OPUC  :  -32.51% [0.00]<br> Radium Tail : RATCRY  :  -34.28% [0.00]<br> Bitcoin Crypto Assets : BITCOINCRYPTOASSETSFUND  :  -39.55% [0.00]<br> Rise baby rise Gruesom Penc : RISEBABYRIS  :  -42.18% [0.00]<br> Short Term : SHORTTERM  :  -46.02% [0.00]<br> >

Pina Criptohold Green-Pina : AAVELEND  :  84.37% [0.00]<br> CryptoIVPSI : CRYPTOIVPSI  :  -17.55% [0.00]<br> Arctur DeFi : MULHACEN  :  0.47% [0.00]<br> LongTerm Fundamentals : LONGTERMFUNDAMENTALS  :  -1.59% [0.00]<br> Nobullshit : NOBULLSHIT  :  3.13% [0.00]<br> Nostradamus Adoption Prophecy : NOSTRADAMUSADOPTIONPROPHECY  :  22.16% [0.00]<br> Smart Crypto : SMARTCRYPTO  :  -1.62% [0.00]<br> Princess : BOSTI22  :  22.61% [0.00]<br> AI Growth 2020 : AI Growth 2020  :  23.72% [0.00]<br> MiJa54 : RFS  :  14.12% [0.00]<br> Crypto Money Flow Ash : DOTIT8  :  1.70% [0.00]<br> DiscretFi : RMACRYPTOEXPERTS  :  -2.73% [0.00]<br> AXIUM INVEST : AXIUMFUND  :  -24.36% [0.00]<br> To the stars : TOTHESTARS  :  -14.72% [0.00]<br> Why not : WHYNOT  :  -20.50% [0.00]<br> FROANC : FROANC FROANC  :  -1.57% [0.00]<br> Davidaiz : DAVIDAIZ  :  0.62% [0.00]<br> Cinact : CINACT  :  -18.79% [0.00]<br> TheCryptoOwl Strategy : THECRYPTOOWL  :  26.53% [0.00]<br> Rise baby rise Gruesom Penc : RISEBABYRIS  :  -42.18% [0.00]<br> >

Past performance is not indicative of future results.