2013

Ranking

Fund Name
Fund Assets
1 Glenview Offshore Opportunity
2,026
2 Hildene Opportunities Fund, LP
1,004
3 Chenavari - Toro Capital IA Class A EUR
383
4 Children's Investment Fund Ltd
7,830
5 Tiger Global
6,000
6 Quantedge Global Fund
710
7 Napier Park European Credit Opportunities Ltd
331
8 STS Partners Ltd
962
9 Tiger Ratan
503
10 Asgard Fixed Income Fund I Ltd(EURO)
400
11 Matrix Capital Management ^
1,346
12 Marlin Fund LP
433
13 Danske Invest Hedge Fixed Income Strategies
1,373
14 Tilden Park Investment Master
1,639
15 ZAIS Opportunity Ltd Series B
419
16 Conventum Lyrical, SICAV[UCITS]
534
17 Palomino Ltd Class B
7,986
18 Citadel Kensington
8,246
19 Adage Capital Partners LP
25,300
20 Barnegat Fund
649
21 Metacapital Mortgage Opportunities LTD
1,230
22 Renaissance Institutional Equities LLC Series B
7,924
23 Tiger Eye Master Ltd
1,058
24 BloombergSen Partners LP
910
25 JANA Nirvana Offshore
2,909
26 Candlewood Structured Credit Ltd
901
27 Pine River Fixed Income
3,381
28 Quantitative Tactical Aggressive Ltd
774
29 VR Global Offshore
2,141
30 Marwyn Value Investors LP
400
31 Camden Equity Overlay
366
32 Silver Point Capital LP
3,300
33 HG Vora Special Opportunities Fund LP
1,100
34 Lansdowne Developed Markets Strategic Investmen
1,644
35 Omega Overseas Partners Class B
2,540
36 Man AHL Evolution
2,646

37 Senvest Partners Ltd

37 400 Capital Credit Opportunities
39 Bloom Tree Partners LP
40 NWI Emerging Market Fixed Income Master Ltd
41 FrontFour Capital Partners LP
42 Citadel Global Equities
43 Waterfall Eden Fund Ltd
44 North MaxQ Macro Fund (A) USD
45 Pine River Liquid Mortgage
46 ECF Value Fund II LP
47 Marcato International
47 Tiger Legatus
49 ChapelGate Credit Opportunity Ltd
50 III Credit Opportunities Fund LP *
51 EJF Debt Opportunities LP
52 Drawbridge Special Opportunities LP
53 Litespeed Offshore
54 Marshall Wace Global Opportunities Ltd
55 Black Ant Value Ltd
56 Teton Capital Partners LP
57 Discovery Global Opportunity Ltd
58 NZC Guggenheim Fund
58 Third Point Offshore
60 Horseman European Select Ltd -- USD
61 Greylock Global Opportunity Ltd
61 Seer Capital Partners LP
63 Blue Harbour Strategic Value Offshore
64 Tremblant Concentrated Fund Ltd
65 Tyrian Global Opportunities Offshore
66 Ellington Credit Opportunties Ltd
67 Axonic Credit Opportunities Overseas
68 Platinum Partners Value Arbitrage
69 SAB Overseas
70 Strategos Deep Value Ltd
71 Altum Credit Ltd
72 Viking Global Equities III Ltd
73 Lone Kauri
74 Cambrian Fund Ltd
75 Pine River
76 Parus Fund--USD
77 Echo Street Capital Partners QP, LP
78 Trian Partners Ltd

550
655
311
3,300
341*
3,411
564
513
775
2,624
2,018
335
453
1042 **
1887
5,215
2,486
2,024
750
752
5,700
2,375
13,900
659
675 ***
1,900
1,200
400
600
504
1,360
761
320
482 ****
423
19,800
4,283
973
3,460
595
519
3,030

79 Premium Point Offshore Mortgage Credit Ltd

80 AG Mortgage Value Partners LP
81 Solus Sola Ltd
82 Segantii Asia-Pacific Equity Multi-Strategy
83 BlackRock 32 Capital Master Ltd
84 Oculus ^
85 SPM Core
86 BTG Pactual Global Emerging Markets and Macro
87 Contrarian Capital Fund I
88 Eminence Ltd
89 Senator Global Opportunity LP
90 Providence MBS Ltd
91 Varde Investment Partners
92 Chilton Flagship LP
93 Sensato Asia Pacific Master
94 Perella Weinberg Partners Asset Based Value LP
95 ING Mortgage Investment Master
96 Pelham Long/Short Ltd
97 Visium Global Offshore Fund, Ltd
98 Bestinver Hedge Value
99 GSO Special Situations Ltd
100 Joho Ltd
Barron's Top 100 Hedge Fund Average
Barclayhedge Fund Index Average
S&P 500 Total Return Average
Barclay US Aggregate Bond Index Average
Core Sources: BarclayHedge, Morningstar, and eVestment

841
1,080
1,681
748
1,080
9,000
1,175
5,508
2,700
3,831
6,400
1,492
1,060
900
1,291
926
397
3,202
885
364
4,289
2,725

Fund Strategy
Opportunistic, Concentrated Equity L/S
Distressed Securities
Asset Backed Securities
Equity / Activist
Equity Long/Short
Global Macro
Credit Long/Short
Asset Backed Securities
Equity Long/Short
Fixed Income - Arbitrage
Equity Long/Short
Equity Long-Bias
Fixed Income - Arbitrage
Multi-Strategy / Fixed-Income
Long/Short Credit
Equity Long Only
Credit Long/Short
Multi-Strategy
US Equity Long/Short ex Small Cap
Fixed Income - Arbitrage
Mortgage-Backed Securities
Equity Long-Bias
Equity Long/Short
Equity Long Only
Event Driven
Structured Credit
Fixed Income Relative Value
Equity Long/Short
Emerging Markets / Distressed
Equity Long Only
Convertible Arbitrage
Distressed Credit
Event Driven / Opportunistic
Equity Long/Short
Equity Long/Short
Diversified Systematic

3yr Compound Annual

Return (Ending Dec
2013)
2013 Return
32.61
101.74
30.64
35.33
29.96
32.93
27
47.22
26.68
14
26.47
9.16
25.9
30.73
25.66
25.63
25.41
46.8
24.93
16
24.46
56
24.37
77.47
23.56
18.83
23.31
20.53
22.13
9.75
22
53.3
21.34
42.36
21.18
18.55
21
38.7
20.55
6.82
20.51
0.53
20.02
17.62
19.41
38.15
19.39
38.78
19.1
31.4
19.04
12.05
18.53
10.12
18.29
12.52
18.27
32.32
18.25
39.93
18.02
34.17
17.23
18.28
17.22
17.6
17.17
55.7
17.01
32.11
16.87
16.9

Equity Long/Short
Structured Credit
Equity Long/Short
Emerging Market / Macro
Event Driven
Equity Market Neutral
Asset Backed Securities
Global Macro
Liquid Mortgage / Relative Valie
Event Driven
Event Driven
Equity Long/Short
Structured Credit
Fixed Income - Long-Only Credit
Securitized Credit
Distressed Securities
Event Driven
Equity Long/Short
Equity Long Bias
Equity Long/Short
Global Macro / Equity Long/Short
Opportunistic Credit
Event Driven
European Equity Long/Short
Emerging Markets Fixed Income
Structured Products
Activist
Equity Long/Short
Equity Long/Short
Mortgage-Backed Securities / Credit
Structured Credit
Multi-Strategy
Equity Long/Short
Mortgage Backed Securities
Distressed Structured Credit
Equity Long/Short
Equity Long/Short
Equity Long-Only
Multi-strategy / Relative Value
Equity Long-Short
Equity Long/Short
Activist

16.82
16.82
16.75
16.5
16.33
16.25
16.23
16.12
16.05
16.04
15.87
15.87
15.84
15.76
15.7
15.68
15.55
15.47
15.15
15.08
14.99
14.87
14.87
14.77
14.7
14.7
14.6
14.57
14.5
14.47
14.29
14.26
14.2
14.16
14.01
14
13.96
13.81
13.69
13.66
13.59
13.58

79.44
15.23
13.1
6.75
28.7
11.55
12.74
8.19
0.72
19.47
25.9
22.4
17.36
13.79
18.46
18.4
21.48
13.37
23.58
22.85
27.57
13.11
25.25
32.4
5.14
12.18
24.9
28.81
24.28
15.27
12.1
10.32
23.46
12.67
15.52
22.5
14.39
38.34
9.61
26.36
17.11
39.95

Mortgage-Backed Securities
Structured Credit
Event Driven / Distressed Credit
Multi-Strategy
Equity Long/Short
Discretionary Macro
Mortgage-Backed Securities
Emerging Market / Global Macro
Distressed Securities
Equity Long/Short
Event Driven
Mortgage-Backed Securities
Credit
Equity Long/Short
Equity Long/Short
Distressed Securities
Mortgage-Backed Securities
Equity Long/Short
Multi-Strategy
Equity Long-Only
Credit Opportunities
Equity Long/Short
17.01
4.37
16.15
3.26

13.54
13.3
13.25
13.23
13.22
13
12.94
12.94
12.87
12.85
12.8
12.77
12.74
12.7
12.65
12.55
12.53
12.48
12.45
12.4
12.35
12.25
22.97
11.12
32.38
-2.02

11.22
13.2
32.06
-1.58
6.81
2
-2.62
9.65
17
14.6
26.36
3.12
22.81
18.51
10.22
14.23
6.22
34.23
16.92
39.21
18.3
29.46

Total Firm
Firm Name / Location
Assets
Glenview Capital Mgmt / New Y
7,706
Hildene Capital Mgmt / Stamfor
1,809
Chenavari Investment Manager
4,429
TCIF Mgmt / London
12,100
Tiger Global Mgmt. / New York
14,500
Quantedge Capital / Singapore
710
Napier Park Global Capital / N
5,500
Deer Park Road Corp / Steamb
1,100
Ratan Capital Mgmt. / New Yor
503
Moma Advisors / Copenhagen
400
Matrix Capital Mgmt. / Waltham
1,600
Masters Capital Mgmt / Atlanta
474
Danske Capital / Copenhangen
132,626
Tilden Park / New York
1,935
ZAIS Group / Red Bank, NJ
4,300
Lyrical Asset Mgmt / New York
1,582
Appaloosa / Short Hills, NJ
20,000
Citadel / Chicago
16,100
Adage Capital Mgmt. / Boston,
25,300
Barnegat Fund Mgmt / Hoboken
649
Metacapital Management / New
1,685
Renaissance Technologies / Ne
23,399
Tiger Eye Capital / New York
1,058
BloombergSen / Toronto
935
JANA Partners / New York
7,373
Candlewood Investment Group
2,231
Pine River Capital Mgmt / Min
13,934
Quantitative Investment Mgmt /
3,304
VR Advisory Services / London
2,141
Marwyn Asset Mgmt / London
400
Camden Asset Mgmt / Los Ange
3,611
Silver Point Capital / Greenwic
8,200
HG Vora Capital Mgmt / New Yo
1,300
Lansdowne Partners /London
17,194
Omega Advisors/New York
10,267
Man Group / London
54,100

Rima Senvest Mgmt / New York

400 Capital Management /New
Bloom Tree Partners / New Yor
NWI Management / New York
FrontFour Capital Group / Gree
Citadel / Chicago
Waterfall Asset Management /
North Asset Management / Lon
Pine River Capital Mgmt / Min
Gates Capital Mgmt / New York
Marcato Capital Mgmt./San Fra
Tiger Legatus Capital Mgmt. /
Orchard Global Asset Mgmt / L
III Associates, Boca Raton, FL
EJF Capital / Arlington, VA
Fortress Investment Group / Ne
Litespeed Management / New Y
Marshall Wace/London
Black Ant Group / London
Ancient Art / Austin, TX
Discovery Capital Mgmt. / Sout
Guggenheim Investments / New
Third Point/New York
Horseman Capital Mgmt / Lond
Greylock Capital Mgmt / New Y
Seer Capital Mgmt / New York
Blue Harbour Group / Greenwic
Tremblant Capital Group / New
Tyrian Investments / New York
Ellington Mgmt Group / Old Gr
Axonic Capital / New York
Platinum Mgmt / New York
SAB Capital Mgmt / New York NA
Strategos Capital Mgmt / Philad
Altum Capital Mgmt / New York
Viking Global Investors / Green
Lone Pine Capital / Greenwich,
Atlantic Investment Mgmt / New
Pine River Capital Mgmt / Min
Parus Finance / London
Echo Street Capital Mgmt / New
Trian Fund Mgmt / New York

915
906
765
4,900
340
16,100
2,944
609
13,934
2,624
2,700
335
2,250
3,092
4,900
61,800
2,486
14,807
750
752
15,000
171,837
13,900
1,421
825
2,100
1,900
2,400
767
5,600
1,666
1,280
506
438
27,300
27,000
1,897
13,934
595
788
8,170

Premium Point Investments / N

Angelo, Gordon / New York
Solus Alternative Asset Mgmt /
Segantii Capital Mgmt / Hong Kong
BlackRock/New York
D.E. Shaw / New York
Structured Portfolio Mbmt / Sta
BTG Pactual / New York
Contrarian Capital Managemen
Eminence Capital / New York
Senator Investor Group / New Y
Providence Investment Mgmt /
Varde Partners / Minneapolis,
Chilton Investment Co / New Yo
Sensato Investors / San Franci
Perella Weinberg Partners Capi
ING Investment Mgmt / New Yo
Pelham Capital Mgmt. / London
Visium Asset Management / Ne
Bestinver Asset Mgmt / Madrid
GSO Capital Partners / New Yo
Joho Capital/New York

1,880
25,000
3,590
748
4,300,000
32,000
3,000
8,200
3,880
4,849
6,500
1,492
8,080
9,500
3,444
10,800
204,000
3,202
4,226
12,260
65,000
5,000