Perfect Year for Activist Hedge Funds
Barry Rosenstein’s Jana Partners, Mick McGuire’s Marcato, Carl Icahn, Larry Robbins’ Glenview, Nelson Peltz’ Trian Partners have gained huge returns in 2013.
Put another way, overall long/short equity strategy did the best in 2013. Credit Suisse Long/Short Equity AllHedge Index was up 15% through the end of November. HFRX Equity Hedge Index gained 9.77% in the same period.
Just like most years, this was a great time for some small hedge funds. We have noted the eye-popping returns that Japan-focused hedge funds have gained this year; it is time to look at some who have gained in the U.S and Europe while managing less money than the bigwigs of the industry.
Angus Donaldson and David Yarrow’s long/short equity strategy has gained a whopping 58.8% in Pegasus Fund through the end of November, according to data from Bloomberg. The fund is managed by Clareville Capital, a London-based investment manager and holds positions in several names in U.K’s retail sector.Source: ValueWalk