Top 10/Worst 10 Hedge Funds October 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/


Statar Capital : Natural Gas Strategy  :  23.56% [2011.00]<br> Algo Capital : Energy  :  15.40% [8.27]<br> Algo Capital : NC3816  :  14.69% [6.29]<br> 120 Capital Management : Quantamental Global Macro Program  :  13.38% [10.40]<br> Michael J Frischmeyer : Managed Account Prog  :  12.77% [3.32]<br> Nanjia Capital Limited : Nanjia XSe Class F  :  12.75% [0.43]<br> AIS Capital Management : MAAP 3-6X  :  12.37% [50.44]<br> Soaring Pelican : Overnight Advantage  :  12.28% [1.40]<br> Leibniz Group : GRAB Strategy  :  11.53% [6.00]<br> Scarabaeus Wealth Management : Quant Infinity - Formiga Trading  :  10.39% [3.85]<br> Quantica Capital AG : Managed Futures Program 2x  :  -7.90% [73.70]<br> Algocentric Capital : Algo III Trading Prog  :  -8.69% [0.05]<br> Algocentric Capital : $100000 Program  :  -8.80% [0.60]<br> QTS Capital Management : Chimera  :  -9.21% [8.34]<br> QTS Capital Management : Tail Reaper  :  -9.21% [13.26]<br> Kopis Capital Management : Commodity Long Short  :  -9.71% [0.73]<br> QDRA Pty : Dynamic Macro  :  -10.13% [13.63]<br> Q Capital Management : Q Capital Managed Futures Program  :  -11.95% [10.64]<br> Q Capital Management : Q Nexus  :  -12.34% [5.83]<br> Global View Capital Management : GVCM Glance Energy Strategy  :  -14.04% [3.50]<br> >

AIS Capital Management : MAAP 3-6X  :  12.37% [50.44]<br> Martin Fund Management : Martin Options Program  :  -0.49% [77.00]<br> Kopis Capital Management : Commodity Long Short  :  -9.71% [0.73]<br> Mulvaney Capital Management : Global Diversified Program  :  9.85% [169.00]<br> Commodity Asset Management : Futures Only  :  9.50% [15.00]<br> SMN Investment Services : Structural Alpha Trend  :  3.22% [19.88]<br> Glenhaven Capital : Glenhaven Global II  :  4.82% [5.10]<br> Meyers Capital Management : Meyers Capital Management  :  -4.55% [1.14]<br> Transtrend BV : Tulip Trend Fund  :  4.13% [127.07]<br> Gresham Investment Management : GreshamQuant Acar  :  -0.54% [942.00]<br> Penso Advisors : Global Macro Opportunities Ultra  :  0.21% [200.00]<br> QTS Capital Management : Tail Reaper  :  -9.21% [13.26]<br> QTS Capital Management : Chimera  :  -9.21% [8.34]<br> Algo Capital : Energy  :  15.40% [8.27]<br> Auspice Capital Advisors : Short Term (AST)  :  -3.38% [11.00]<br> Scarabaeus Wealth Management : Quant Infinity - Formiga Trading  :  10.39% [3.85]<br> Algo Capital : NC3816  :  14.69% [6.29]<br> The Great O'Neill : Great O'Neill  :  -5.19% [1.00]<br> t24 Capital : t24 Capital Partners Master Fund  :  -6.28% [47.00]<br> Tamhill : Tamhill Power  :  0.15% [1.30]<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/


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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/


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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/


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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/


Dynamic Beta Investments : Liquid Alternative (SEI)  :  3.65% [332.81]<br> Catalyst Funds : Systematic Alpha  :  3.37% [0.00]<br> Neuberger Berman Group : US Equity Put Write  :  3.29% [276.38]<br> Man AHL : Alternative Style Premia  :  3.14% [436.76]<br> Evli Fund Management : Evli Factor Premia  :  2.92% [25.20]<br> Fulcrum Asset Management : Fulcrum Risk Premia UCITS  :  1.68% [815.00]<br> Schroders : Isf Alternative Risk  :  1.66% [381.62]<br> Credit Suisse Asset Management : Liquid Alternative  :  1.51% [640.98]<br> DNB Asset Management : DNB Fund Multi Asset  :  1.02% [24.00]<br> Allianz Global Investors : Volatility Strategy  :  1.02% [831.71]<br> BNP Theam : Absolute Alpha  :  -1.94% [1.14]<br> FS Investments : Global Macro  :  -1.98% [0.00]<br> Goldman Sachs Management : Alternative Premia  :  -2.21% [0.00]<br> Unigestion : Alternative Risk  :  -2.40% [13.25]<br> Nordea Asset Management : Nordea 1  Alpha 10 MA Fund  :  -2.42% [5613.60]<br> Nordea Asset Management : Nordea 1  Alpha 15 MA Fund  :  -3.62% [5342.40]<br> AQR Capital Management : Alternative Risk Premia  :  -3.63% [0.00]<br> LGT Capital Partners : LGT Alpha Generix  :  -5.80% [43.91]<br> AQR Capital Management : Style Premia  :  -8.53% [441.00]<br> AQR Capital Management : Style Premia Alternative  :  -9.10% [0.00]<br> >

Catalyst Funds : Systematic Alpha  :  3.37% [0.00]<br> Neuberger Berman Group : US Equity Put Write  :  3.29% [276.38]<br> AQR Capital Management : Style Premia Alternative  :  -9.10% [0.00]<br> Dynamic Beta Investments : Liquid Alternative (SEI)  :  3.65% [332.81]<br> Allianz Global Investors : Multi Asset Risk Premia  :  -1.85% [79.37]<br> Capital Fund Management : Diversified  :  -0.58% [85.91]<br> Credit Suisse Multialternative : Credit Suisse Multialternative  :  -0.20% [0.00]<br> Blackrock : Style Advantage  :  -0.63% [130.62]<br> Allianz Global Investors : Volatility Strategy  :  1.02% [831.71]<br> Man AHL : Alternative Style Premia  :  3.14% [436.76]<br> LFIS : Vision Premia  :  -1.20% [267.01]<br> Nomura : Fixed Income Risk Premia  :  -1.58% [15.16]<br> Unigestion : Alternative Risk  :  -2.40% [13.25]<br> Goldman Sachs Management : Alternative Premia  :  -2.21% [0.00]<br> FS Investments : Global Macro  :  -1.98% [0.00]<br> Lombard Odier Investment Managers : Alternative Risk Premia  :  -1.29% [23.13]<br> LGT Capital Partners : LGT Alpha Generix  :  -5.80% [43.91]<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/


Opti crypto : OPTICRPTO  :  169.6% [0.00]<br> The Third Wave : EWTHE3RD  :  163.5% [0.00]<br> Capital PLUS ULTRA Capital : SEMPERINVEST PLUS ULTRA  :  162.5% [0.00]<br> Skyrocket Dens Helme : SKYROCKET  :  150.1% [0.00]<br> Block Brain Madness : BLOCKBRAINMADNESS  :  135.1% [0.00]<br> Lavaliere Capital Management : Lavaliere Capital Fund  :  118.1% [26.30]<br> MyStrategy : MYSTRATEGY  :  100.4% [0.00]<br> Crush : CCC Crush Crypto Core  :  98.52% [0.00]<br> Aquarius : POTSANDPANS  :  92.85% [0.00]<br> Mitja Kokovnik : KICKSTART  :  87.91% [0.00]<br> Bituni Network : BITUNINETWORK1  :  -6.59% [0.00]<br> Rise baby rise Gruesom Penc : RISEBABYRIS  :  -7.93% [0.00]<br> CryptoDreams : KADCRYPTO  :  -8.52% [0.00]<br> Pepe Investors Trading : XIMBAUSTRADING  :  -9.03% [0.00]<br> Davidaiz : DAVIDAIZ  :  -9.48% [0.00]<br> Skyrise Max : SKYRISE  :  -12.30% [0.00]<br> Algorithm Performance : ALGORITHMPERFORMANCE  :  -13.79% [0.00]<br> Ca6o6opuc : CA6O6OPUC  :  -15.34% [0.00]<br> BullThomsen : TRENDYBULL  :  -17.60% [0.00]<br> KryptoWarrior : OOBLUE OUT OF the BLUE  :  -36.07% [0.00]<br> >

CryptoIVPSI : CRYPTOIVPSI  :  56.15% [0.00]<br> Pina Criptohold Green-Pina : AAVELEND  :  3.47% [0.00]<br> Arctur DeFi : MULHACEN  :  38.65% [0.00]<br> LongTerm Fundamentals : LONGTERMFUNDAMENTALS  :  49.38% [0.00]<br> Capital PLUS ULTRA Capital : SEMPERINVEST PLUS ULTRA  :  162.5% [0.00]<br> Nobullshit : NOBULLSHIT  :  41.04% [0.00]<br> Smart Crypto : SMARTCRYPTO  :  30.43% [0.00]<br> Nostradamus Adoption Prophecy : NOSTRADAMUSADOPTIONPROPHECY  :  18.53% [0.00]<br> Sky Crypto Fund : CRYPTOFUNDAMENTALFUND  :  26.60% [0.00]<br> Risky Biscuits : Risky Biscuits  :  52.37% [0.00]<br> FROANC : FROANC FROANC  :  29.68% [0.00]<br> KryptoWarrior : OOBLUE OUT OF the BLUE  :  -36.07% [0.00]<br> Crypto Money Flow Ash : DOTIT8  :  -5.93% [0.00]<br> Why not : WHYNOT  :  12.42% [0.00]<br> Skyrise Max : SKYRISE  :  -12.30% [0.00]<br> Cinact : CINACT  :  28.19% [0.00]<br> Handigepeet : HUIJKL  :  5.55% [0.00]<br> TheCryptoOwl Strategy : THECRYPTOOWL  :  34.56% [0.00]<br> Davidaiz : DAVIDAIZ  :  -9.48% [0.00]<br> Rise baby rise Gruesom Penc : RISEBABYRIS  :  -7.93% [0.00]<br> >

Past performance is not indicate of future results.