Top 20 Performing Hedge Funds in the World in 2023
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Welcome to 2023’s issue of our Top 20 performing hedge funds newsletter from The Baileys and Partners, in which we reveal the best of the best in the world of finance. Staying ahead of the curve in this volatile financial world is critical, and our newsletter is your trusted access to uncovering the great strategies and managers delivering great results.
We have meticulously analyzed and ranked the most outstanding hedge funds across diverse asset classes and investment philosophies as of the beginning of quarter three of 2023, and we are thrilled to present our readers with an exclusive look at the portfolios and strategies that have propelled these funds to the pinnacle of financial success.
Join us on this illuminating journey as we rank, dissect the methodologies, assess the market outlook, and provide invaluable insights into the financial industry's most coveted performers, providing you with the knowledge and tools you need to confidently and precisely navigate the complex world of hedge fund investing.
We are here to provide insight and in-depth analysis of financial products to you; so that we can help you build your own portfolio and wealth. We are a different kind of financial newsletter and we invite you to review our content and judge for yourself.
The ranking is based on 3-year annualized weighted returns on investment. The returns are as of the beginning of quarter three (Q3) of the year 2023. A three-year weighted return is a financial statistic that computes the average return on an investment or portfolio over three years, assigning different weights to each year's return based on an investor's preferences or individual investment plan.
Even if the analysis spans three years, this statistic provides a more granular picture of performance by expressing returns on an annual basis. It's a useful tool for investors and analysts to evaluate investment performance while taking into account the varying relevance of each year during a three-year period.
A three-year annualized weighted return percentage represents an investment's or portfolio's average yearly return over a three-year period, but it is expressed as an annual rate. In other words, it is a three-year performance measure that is broken down into an annualized rate.
The ranking starts below (from number 20 to number 1).
20. Voss Capital LLC is a Houston, Texas based fundamental research-driven, bottom-up, value oriented long/short equity fund focused on under-followed special situations. Their annualized 3-year weighted return is 36.32% which is pretty good. Their assets under management (AUM) is $826.18 million USD.
19. Shah Capital Management an investment firm that provides portfolio management services to high net-worth individuals and institutional investors, their annualized 3-year weighted return is 36.58% and assets under management (AUM) is $1.15 billion USD.
18. Lodge Hill Capital LLC which operates as a hedge fund manager. The Company provides portfolio management and advisory services to pooled investment vehicles. Their annualized 3-year weighted return is 37.20% and assets under management (AUM) is $295.27 million USD.
17. Invenomic Capital Management LP. Invenomic uses a disciplined, fundamentally-driven research methodology to construct a diversified portfolio of U.S. focused long and short equity assets that we believe will perform well under most market circumstances. Their annualized 3-year weighted return is 37.76% and assets under management (AUM) is $1.79 billion USD.
16. Solas Capital Management LLC, which is a leading boutique investment management firm with 17-year track record manages value-oriented hedge funds and separate accounts serving large university endowments, charitable foundations and selected family offices and high net worth individuals. Their annualized 3-year weighted return is 38.63% and AUM is $150.29 million USD.
15. Greenlight Capital, Greenlight Capital hedge fund was created in 1996 by David Einhorn. Greenlight typically invests in publicly traded corporate debt offers and shares in North America. Their annualized 3-year weighted return is 39.30% and AUM is $2.13 billion USD.
14. Encompass Capital Advisors (Encompass) is a New York-based hedge fund management firm established in February 2012 by Todd Kantor, a former portfolio manager. Their annualized 3-year weighted return is 41.06% and AUM is $1.68 billion USD.
13. Point Break Capital Management LLC is a registered investment adviser that provides discretionary investment services to a closed hedge fund. Their annualized 3-year weighted return is 41.23% and AUM is $80.22 million USD.
12. Elm Ridge Management is a value-oriented investment manager founded in 2000 by Ron Gutfleish. They have pursued a single strategy with a fundamental value focus for the 20 years. Their annualized 3-year weighted return is 41.40% and AUM is $82.04 million USD.
11. Valueworks LLC is a U.S. focused, fundamental value investment management firm that takes a long-term disciplined approach to investing. Their annualized 3-year weighted return is 41.63% and AUM is $276.37 million USD.
10. Cooper Creek Partners Management LLC operates as an investment management company. The Corporation serves clients in the State of New York in the United States of America. Their annualized 3-year weighted return is 43.47% and AUM is $1.47 billion USD.
9. Scion Asset Management LLC is a private investment company founded and led by Dr. Michael J. Burry. Their annualized 3-year weighted return is 44.10% and AUM is $111.36 million USD.
8. Arosa Capital Management, provides investment advice to ultra-high-net-worth (UHNW) families, family offices, individuals and corporations. Their annualized 3-year weighted return is 46.47% and AUM is $343.97 million USD.
7. KGH LTD is based out of Nassau. KGH LTD is a hedge fund with client/s. Their annualized 3-year weighted return is 49.39% and AUM is $1.41 billion USD.
6. SIR Capital Management, the company operates as an investment advisory company. The firm offers portfolio management services. Their annualized 3-year weighted return is 49.97% and AUM is $912.73 million USD.
5. Robotti Robert. Their annualized 3-year weighted return is 53.27% and AUM is $619.33 million USD.
4. Oslo Asset Management AS uses specialized investment techniques focused on exploiting inherent inefficiencies in publicly listed securities in the energy and natural resources sectors around the world. The company is based in Oslo, Norway. Their annualized 3-year weighted return is 56.01% and AUM is $73.77 million USD.
3. Peconic Partners, Peconic Partners is a registered investment advisor that employs long/short equity hedge fund methods to manage proprietary and client capital. Their annualized 3-year weighted return is 57.79% and AUM is $2.07 billion USD.
2. SailingStone Capital Partners LLC, SailingStone Capital is a solution-oriented manager that invests in global natural resources. They are in business to serve their investors. Their sole goal is to achieve appealing risk-adjusted returns in the global natural resource sector. Their motto; investment results, not assets under control, define success. This concentration, they feel, will provide a competitive advantage. Their annualized 3-year weighted return is 64.19% and AUM is $337.06 million USD.
1. Arcus Capital Partners LLC, Arcus Capital Partners is an SEC-registered independent investment advisory firm that serves the investment needs of wealthy people, foundations, endowments, and retirement plans seeking a disciplined and innovative approach to investment management.
The firm's name is derived from the Latin word for arch, Arcus. The arch has served as a symbol of stability and integrity throughout history, and it is regarded as one of the greatest architectural innovations. As a result, the Latin phrase "Semper Memor Futuri" or "Always Mindful of the Future" is inscribed on the firm's arch. The phrase emphasizes Arcus' opinion that an investing strategy that collectively forecasts future opportunities will beat those that mimic present trends based on consensus thinking in the long run. Arcus Capital Partners, like the arch, aspires to serve client objectives with innovation and integrity.
As the leading hedge fund in terms on return on investment (ROI) their annualized 3-year weighted return is 69.25% and assets under management (AUM) is $335.01 million USD. These are pretty impressive returns that beat the stock markets by far.
Concluding Summary
As we conclude this edition of the Baileys and Partners newsletter, it is apparent that the world of hedge funds remains a fascinating and dynamic field for investors seeking exceptional results. The top 20 performing hedge funds featured in this issue have not only shown exceptional resilience in the face of economic uncertainty, but also their ability to adapt and capitalize on emerging opportunities. These funds have navigated the ever-changing financial landscape with skill, achieving outstanding returns for their investors.
As we move into the future, investors should keep in mind that past success is not a guarantee of future results, and due diligence is still essential when making investment selections. Staying current on market trends, regulatory changes, and micro and macroeconomic events will be essential in navigating the complicated world of hedge fund investing. Do not follow the crowd, do your own analysis and research, independently, be the smart chess player, not the chess piece.
In the ever-changing financial scene, we will continue to provide you with essential insights and information to help you make smart investment decisions. Thank you for joining our financial newsletter community, and we look forward to guiding you through the fascinating journey that awaits you in the world of finance and investments.