Skip to content

Best & Worst Hedge Funds – June 2022

Based on a nearly complete set of reporting, we can now present the best and worst performing Hedge Funds, per strategy for June 2022. The selection and identification of the managers are based on managers that is captured in the NilssonHedge database.

June was a tumultuous month, with a lot of twists and turns. Especially so after the FOMC delivered a triple hike mid-month. For CTAs, tail protective strategies dominated the best managers for June 2022. On a year-to-date basis, trend-followers are still doing (exceptionally) well.

For Event-Driven strategies, that are depended on equity risk premia, we observed that less than ten managers were able to deliver positive returns. On the other hand, we only cover a fraction of the existing managers in this space.

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 are 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/


Astute Capital Group : Pulse Program  :  18.11% [3.12]<br> Algo Capital : NC3816  :  14.89% [7.00]<br> QTS Capital Management : Tail Reaper  :  14.58% [3.10]<br> Hornsby & Company : Ryan Alderson Intermediate Swing  :  13.18% [0.02]<br> R G Niederhoffer Capital Management : Diversified Program  :  12.50% [0.00]<br> RG Niederhoffer Capital Management : Diversified Program  :  12.49% [381.00]<br> Scarabaeus Wealth Management : Quant Infinity - Formiga Trading  :  10.33% [5.15]<br> P/E Investments : FX Strategy - Aggressive  :  9.67% [13200.00]<br> Algo Capital : Energy  :  8.92% [20.49]<br> AlphaSimplex Group : Adaptive Trend Fund  :  8.60% [8449.00]<br> Rotella Capital Management : QDeck Micro Commodity  :  -12.52% [0.00]<br> ABR : Enhanced Short Volatility  :  -12.83% [9.64]<br> Plain Capital : BronX  :  -13.43% [14.80]<br> AIS Capital Management : MAAP 3-6X  :  -13.93% [64.75]<br> Covenant Capital Management : Hedged Equity  :  -13.97% [3.94]<br> H2O : Force 10  :  -14.05% [13.08]<br> Superfund Capital Management : Green Silver SICAV  :  -14.99% [126.35]<br> Fort LP : Global Contrarian  :  -17.45% [779.00]<br> Fort LP : Global Contrarian UCITS  :  -18.08% [286.84]<br> FX NOR AS : Global Makro  :  -21.05% [0.00]<br> >

Mulvaney Capital Management : Global Diversified Program  :  7.72% [220.00]<br> Purple Valley Capital : Diversified Trend 1  :  7.41% [9.60]<br> Quantitative Investment Management : Global Program 3x  :  0.47% [135.00]<br> Algo Capital : Energy  :  8.92% [20.49]<br> DUNN Capital Management : D'Best Futures Fund L.P.  :  1.57% [72.00]<br> Lynx Asset Management : Lynx 1.5x  :  7.68% [8862.00]<br> RCMA Capital : Merchant Commodity Fund  :  -10.50% [400.00]<br> The Great O'Neill : Great O'Neill  :  7.62% [1.50]<br> Transtrend BV : Tulip Trend Fund  :  -5.10% [145.83]<br> AIS Capital Management : MAAP 3-6X  :  -13.93% [64.75]<br> Plain Capital : BronX  :  -13.43% [14.80]<br> Invest In Vol : Smart Vol  :  -2.86% [26.72]<br> Fort LP : Global Contrarian  :  -17.45% [779.00]<br> Vivienne Investissement : MACH 3  :  -6.69% [17.56]<br> t24 Capital : Global Macro  :  -8.08% [1.30]<br> t24 Capital : TCM Global Index Fund  :  -8.08% [25.53]<br> Fort LP : Global Contrarian UCITS  :  -18.08% [286.84]<br> Covenant Capital Management : Hedged Equity  :  -13.97% [3.94]<br> Polar Star Management : Polar Star Spectrum Fund Limited  :  1.20% [63.50]<br> ABR : Enhanced Short Volatility  :  -12.83% [9.64]<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/


Blackrock : Style Advantage  :  2.91% [107.55]<br> Capital Fund Management : Diversified  :  2.27% [77.68]<br> Nomura : Fixed Income Risk Premia  :  2.09% [1.23]<br> Allspring : Alternative Risk  :  1.95% [0.00]<br> Systematica Investments : Alternative Risk Premia  :  1.43% [146.63]<br> Fortem Capital : Alternative Growth  :  1.25% [68.01]<br> Credit Suisse Multialternative : Credit Suisse Multialternative  :  1.18% [0.00]<br> Allspring : Alternative Risk Premia  :  1.09% [26.33]<br> Allianz Global Investors : Multi Asset Risk Premia  :  0.81% [60.27]<br> Man AHL : Alternative Style Premia  :  0.36% [333.91]<br> Credit Suisse Asset Management : Liquid Alternative  :  -2.28% [734.76]<br> AQR Capital Management : Alternative Risk Premia  :  -2.40% [0.00]<br> Estlander & Partners : Glacies  :  -2.67% [25.00]<br> Nordea Asset Management : Nordea 1  Alpha 10 MA Fund  :  -2.83% [6132.00]<br> Nordea Asset Management : Nordea 1  Alpha 15 MA Fund  :  -4.29% [5559.60]<br> Neuberger Berman : US Equity Put Write  :  -4.88% [468.55]<br> Mount Lucas Management Corporation : AlphaCentric Symmetry Strategy  :  -5.28% [0.00]<br> Quadriga : Stable Return  :  -6.29% [37.42]<br> AQR Capital Management : Style Premia Alternative  :  -7.13% [0.00]<br> AQR Capital Management : Style Premia  :  -7.71% [432.33]<br> >

AQR Capital Management : Style Premia Alternative  :  -7.13% [0.00]<br> AQR Capital Management : Style Premia  :  -7.71% [432.33]<br> AQR Capital Management : Alternative Risk Premia  :  -2.40% [0.00]<br> Nomura : Fixed Income Risk Premia  :  2.09% [1.23]<br> Allspring : Alternative Risk  :  1.95% [0.00]<br> Franklin K2 : Athena Risk  :  -0.76% [17.85]<br> Schroders : Isf Alternative Risk  :  0.27% [543.98]<br> Allspring : Alternative Risk Premia  :  1.09% [26.33]<br> Mount Lucas Management Corporation : AlphaCentric Symmetry Strategy  :  -5.28% [0.00]<br> Man AHL : Alternative Style Premia  :  0.36% [333.91]<br> Allianz Global Investors : Volatility Strategy  :  -1.28% [894.42]<br> Loomis Sayles : Alternative Risk Premia  :  -2.14% [23.03]<br> Nordea Asset Management : Nordea 1  Alpha 7 MA Fund  :  -1.98% [685.20]<br> Credit Suisse Asset Management : Liquid Alternative  :  -2.28% [734.76]<br> Quadriga : Stable Return  :  -6.29% [37.42]<br> Nordea Asset Management : Nordea 1  Alpha 10 MA Fund  :  -2.83% [6132.00]<br> Catalyst Funds : Systematic Alpha  :  -0.89% [0.00]<br> Estlander & Partners : Glacies  :  -2.67% [25.00]<br> Nordea Asset Management : Nordea 1  Alpha 15 MA Fund  :  -4.29% [5559.60]<br> Neuberger Berman : US Equity Put Write  :  -4.88% [468.55]<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/


Coincident Capital : Coincident  :  32.00% [396.00]<br> ExoAlpha : BTC ETH Long/Short Strategy  :  14.60% [10.00]<br> Bobby Axelrod : BOBBYAXELROD  :  13.23% [0.00]<br> Taurus Crypto Heavenly : TAURUSCRYPTO  :  7.82% [0.00]<br> Pythagoras Management Company : Crypto Token  :  5.10% [14.00]<br> GSC Asset : Crisis Alpha  :  4.50% [1.40]<br> Pythagoras Management Company : Crypto Token Class B  :  3.56% [0.00]<br> Abraxas Capital Management : Heka- Elysium Global Arbitrage Fund  :  1.29% [459.83]<br> Digital Asset Management (DAF) : Digital Opportunities  :  1.25% [72.00]<br> DrivenByData : ANALYTICODESCRETIO  :  1.15% [0.00]<br> Digital Capital Management : SMARTMONEYFUND  :  -43.66% [0.00]<br> Prophet Priest and King : KINGOFALL  :  -43.96% [0.00]<br> OnlyCash : MILLIONAIRE2023  :  -44.24% [0.00]<br> TheCryptoOwl Strategy : THECRYPTOOWL  :  -44.81% [0.00]<br> CryptoDreams : KADCRYPTO  :  -44.85% [0.00]<br> Princess : BOSTI22  :  -44.86% [0.00]<br> DeFicious Index : DEFICIOUS  :  -44.91% [0.00]<br> Blackstone Crypto Fund : BLACKSTONE  :  -45.45% [0.00]<br> LongTerm Fundamentals : LONGTERMFUNDAMENTALS  :  -45.69% [0.00]<br> Blockchain Fund : MIDCAPGROWTHSECTOR  :  -46.56% [0.00]<br> >

GSC Asset : Crisis Alpha  :  4.50% [1.40]<br> BluecodeCapital : BLUECODETRADING  :  -0.08% [0.00]<br> Pythagoras Management Company : Crypto Token  :  5.10% [14.00]<br> Pythagoras Management Company : Crypto Token Class B  :  3.56% [0.00]<br> Best Perform Crypto : BESTPERFORMLAST7D  :  -0.28% [0.00]<br> Coincident Capital : Coincident  :  32.00% [396.00]<br> Pythagoras Management Company : Arbitrage  :  0.01% [86.00]<br> Abraxas Capital Management : Heka- Elysium Global Arbitrage Fund  :  1.29% [459.83]<br> Taurus Crypto Heavenly : TAURUSCRYPTO  :  7.82% [0.00]<br> Icoinic Capital : Delta Neutral Fund  :  0.20% [0.00]<br> Crypt0 p0w3r Anonymous : 393165AAAD0C44A1B2FFFE184F68C7 (daily)  :  -40.07% [0.00]<br> Mitja Kokovnik : KICKSTART  :  -26.23% [0.00]<br> Arctur DeFi : MULHACEN  :  -32.50% [0.00]<br> Dominance : TOP10MARKETCAP  :  -32.44% [0.00]<br> Disguise Edg : MMALUNA  :  -37.83% [0.00]<br> Zero2Hero : ZERO2HERO  :  -28.62% [0.00]<br> Princess : BOSTI22  :  -44.86% [0.00]<br> PLANE Trend : PLANETRENDING  :  -41.87% [0.00]<br> AI Growth 2020 : AI Growth 2020  :  -40.29% [0.00]<br> Metelkova : METELKOVA Metelkova Crypto Underground  :  -31.50% [0.00]<br> >

Past performance is not indicate of future results.

%d bloggers like this: