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The Hitparade – November 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/


Eamon Capital : Zephyr Program  :  19.40% [7.20]<br> Hornsby & Company : Ryan Alderson Intermediate Swing  :  18.70% [0.03]<br> Algocentric Capital : $100000 Program  :  16.83% [0.60]<br> World Cup Advisor : Petra Ilona Zacek Eclipse  :  16.06% [0.01]<br> Astute Capital Group : Pulse Program  :  14.96% [5.79]<br> World Cup Advisor : Yuwen Cao CC US Futures  :  14.26% [0.02]<br> Brehvan Howard : Brehvan Howard  :  13.91% [0.00]<br> GAIA Capital Management : GAIA FX+  :  13.04% [70.00]<br> Salus Alpha Capital : Commodity Arbitrage (CAX)  :  12.53% [70.00]<br> Rosetta Analytics : RL Carbon  :  11.61% [6.70]<br> World Cup Advisor : Jorg Diemand Volatility Patterns  :  -14.20% [0.04]<br> Dunn Capital Management : World Monetary  :  -15.31% [509.00]<br> Dunn Capital Management : Managed Futures Strategy (Arrow)  :  -15.36% [0.00]<br> TMS Capital Management : Triad Trading Fund LP  :  -15.94% [1.18]<br> Glenhaven Capital : Glenhaven Global II  :  -18.31% [3.96]<br> AIS Capital Management : MAAP 2-4X  :  -19.06% [12.54]<br> Dunn Capital Management : D'Best Futures Fund L.P.  :  -20.09% [43.00]<br> Mulvaney Capital Management : Global Diversified Program  :  -21.19% [138.00]<br> World Cup Advisor : Sebastian Baumgaertel Target Zones  :  -25.45% [0.00]<br> AIS Capital Management : MAAP 3-6X  :  -27.84% [35.94]<br> >

World Cup Advisor : Jorg Diemand Volatility Patterns  :  -14.20% [0.04]<br> Martin Fund Management : Martin Options Program  :  5.42% [86.00]<br> RCMA Capital : Merchant Commodity Fund  :  -7.60% [255.00]<br> Commodity Asset Management : Futures Only  :  -0.87% [20.00]<br> SMN Investment Services : Structural Alpha Trend  :  -2.15% [18.53]<br> Kopis Capital Management : Commodity Long Short  :  -3.44% [0.71]<br> GAIA Capital Management : GAIA FX+  :  13.04% [70.00]<br> Carbon Cap Management : World Carbon Fund  :  7.64% [88.04]<br> PGM Asset Management : PGM Trident Program  :  6.98% [3.03]<br> Pan Capital Management LP : Energy Fund  :  10.64% [460.00]<br> t24 Capital : t24 Capital Partners Master Fund  :  0.88% [45.00]<br> Auspice Capital Advisors : Short Term (AST)  :  -1.26% [6.21]<br> The Great O'Neill : Great O'Neill  :  -2.28% [1.00]<br> World Cup Advisor : Yuwen Cao CC US Futures  :  14.26% [0.02]<br> Algo Capital : Energy  :  -7.03% [6.96]<br> World Cup Advisor : Jan Smolen Gold Standard Program  :  0.60% [0.00]<br> World Cup Advisor : Petra Ilona Zacek Eclipse  :  16.06% [0.01]<br> TMS Capital Management : Triad Trading Fund LP  :  -15.94% [1.18]<br> World Cup Advisor : Asset Risk Manager  :  2.27% [0.02]<br> World Cup Advisor : Sebastian Baumgaertel Target Zones  :  -25.45% [0.00]<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/


Nordea Asset Management : Nordea 1  Alpha 15 MA Fund  :  4.33% [5342.40]<br> Lumyna : Merrill Lynch MCLX  :  3.31% [176.53]<br> BNP Theam : Quant Equity  :  3.03% [25.40]<br> AQR Capital Management : Style Premia  :  2.94% [441.00]<br> Nordea Asset Management : Nordea 1  Alpha 10 MA Fund  :  2.90% [5613.60]<br> Credit Suisse Multialternative : Credit Suisse Multialternative  :  2.72% [0.00]<br> Nordea Asset Management : Nordea 1  Alpha 7 MA Fund  :  1.96% [549.60]<br> LFIS : Vision Premia  :  1.85% [267.01]<br> Blackrock : Style Advantage  :  1.78% [130.62]<br> AQR Capital Management : Style Premia Alternative  :  1.41% [0.00]<br> Catalyst Funds : Systematic Alpha  :  -2.05% [0.00]<br> Dynamic Beta Investments : Liquid Alternative (SEI)  :  -2.26% [332.81]<br> Schroders : Isf Alternative Risk  :  -2.26% [381.62]<br> LGT Capital Partners : LGT Alpha Generix  :  -2.34% [43.91]<br> Fulcrum Asset Management : Fulcrum Risk Premia UCITS  :  -2.57% [29.35]<br> Loomis Sayles : Alternative Risk Premia  :  -2.69% [22.26]<br> Allianz Global Investors : Multi Asset Risk Premia  :  -2.89% [79.37]<br> Goldman Sachs Management : Alternative Premia  :  -2.99% [0.00]<br> Nomura : Fixed Income Risk Premia  :  -3.80% [15.16]<br> Mount Lucas Management Corporation : AlphaCentric Symmetry Strategy  :  -5.36% [0.00]<br> >

Catalyst Funds : Systematic Alpha  :  -2.05% [0.00]<br> Neuberger Berman Group : US Equity Put Write  :  -1.00% [276.38]<br> AQR Capital Management : Style Premia Alternative  :  1.41% [0.00]<br> Nordea Asset Management : Nordea 1  Alpha 15 MA Fund  :  4.33% [5342.40]<br> Credit Suisse Multialternative : Credit Suisse Multialternative  :  2.72% [0.00]<br> Mount Lucas Management Corporation : AlphaCentric Symmetry Strategy  :  -5.36% [0.00]<br> Blackrock : Style Advantage  :  1.78% [130.62]<br> BNP Theam : Quant Equity  :  3.03% [25.40]<br> Lumyna : Merrill Lynch MCLX  :  3.31% [176.53]<br> Capital Fund Management : Diversified  :  -0.14% [85.91]<br> Loomis Sayles : Alternative Risk Premia  :  -2.69% [22.26]<br> Unigestion : Alternative Risk  :  0.40% [13.25]<br> Lombard Odier Investment Managers : Alternative Risk Premia  :  0.60% [23.13]<br> Nomura : Fixed Income Risk Premia  :  -3.80% [15.16]<br> Goldman Sachs Management : Alternative Premia  :  -2.99% [0.00]<br> LGT Capital Partners : LGT Alpha Generix  :  -2.34% [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/


Digital Capital Management : CAF Class X  :  154.3% [0.00]<br> CryptoJunks : CRYPTOMERINO  :  87.41% [0.00]<br> Best Wind Strategy : ZODIACSTRATEGY  :  85.15% [0.00]<br> GSR : GSRCRYPTO  :  84.61% [0.00]<br> Imperial Eagle Capital : CRACKLORD  :  76.77% [0.00]<br> Crypto Maximalism : EXOTIC  :  74.64% [0.00]<br> Nostradamus Adoption Prophecy : NOSTRADAMUSADOPTIONPROPHECY  :  67.32% [0.00]<br> MyStrategy : MYSTRATEGY  :  49.12% [0.00]<br> NFT Powered : GRAZZPNONFUNGIBLETOKENS  :  47.50% [0.00]<br> AbacusBlock Index : ABACUSBLOCK  :  46.19% [0.00]<br> Ben hur crypto Cryptonaut : BENHUR  :  -23.21% [0.00]<br> DeFicious Index : DEFICIOUS  :  -24.21% [0.00]<br> Rise baby rise Gruesom Penc : RISEBABYRIS  :  -28.03% [0.00]<br> napfton : NAPFTON  :  -28.37% [0.00]<br> Opti crypto : OPTICRPTO  :  -29.19% [0.00]<br> Shields trade : SHIELDSTRADE  :  -29.75% [0.00]<br> Algorithm Performance : ALGORITHMPERFORMANCE  :  -33.89% [0.00]<br> Ca6o6opuc : CA6O6OPUC  :  -38.58% [0.00]<br> Pro Crypto Daytrading Group : FEELING  :  -39.14% [0.00]<br> Cinact : CINACT  :  -56.66% [0.00]<br> >

Digital Capital Management : CAF Class X  :  154.3% [0.00]<br> Pina Criptohold Green-Pina : AAVELEND  :  45.81% [0.00]<br> CryptoIVPSI : CRYPTOIVPSI  :  -8.74% [0.00]<br> Arctur DeFi : MULHACEN  :  5.61% [0.00]<br> Nostradamus Adoption Prophecy : NOSTRADAMUSADOPTIONPROPHECY  :  67.32% [0.00]<br> LongTerm Fundamentals : LONGTERMFUNDAMENTALS  :  -0.63% [0.00]<br> Nobullshit : NOBULLSHIT  :  3.30% [0.00]<br> Capital PLUS ULTRA Capital : SEMPERINVEST PLUS ULTRA  :  -5.94% [0.00]<br> Princess : BOSTI22  :  34.67% [0.00]<br> AI Growth 2020 : AI Growth 2020  :  34.25% [0.00]<br> FROANC : FROANC FROANC  :  -1.26% [0.00]<br> Oneway Likabl Cyclon : GIWEWAY  :  18.27% [0.00]<br> TheCryptoOwl Strategy : THECRYPTOOWL  :  8.05% [0.00]<br> Algorithm Performance : ALGORITHMPERFORMANCE  :  -33.89% [0.00]<br> AXIUM INVEST : AXIUMFUND  :  -18.87% [0.00]<br> Davidaiz : DAVIDAIZ  :  14.87% [0.00]<br> Skyrise Max : SKYRISE  :  -19.40% [0.00]<br> Handigepeet : HUIJKL  :  -14.58% [0.00]<br> Cinact : CINACT  :  -56.66% [0.00]<br> Rise baby rise Gruesom Penc : RISEBABYRIS  :  -28.03% [0.00]<br> >

Past performance is not indicatative of future results.