The 100 Most Successful Hedge Funds Of 2012

Deepak Narula

[credit provider=”Screenshot via CNBC”]

The February 2013 edition of Bloomberg Markets Magazine features its ranking of the top 100 large hedge fund managers in the world.Unlike last year when the most successful hedge funds were a variety of strategies — long/short, macro etc. — this year’s success stories mostly come from the world of mortgage bonds.

This strategy provided an average return of 20.2 per cent in 2012, far outpacing the industry average of 1.3 per cent.

The tiny average return was also far worse than the performance of the S&P 500, which provided a double-digit return in 2012. Bloomberg reports 635 hedge funds closed due to these poor returns through September.

The hedge fund managers listed here, though, are far from closing up shop — some of them even manage multiple successful funds. In 2012, they dominated the market with returns ranging from 9 to 37.8 per cent.

Big thanks to Bloomberg Markets Magazine for permission to use their information.

[slideshow]
[slide
permalink=”99-james-dinan-and-daniel-schwartz-tied-1″
title=”99. James Dinan & Daniel Schwartz (tied)”
content=”Firm & Location:
York Capital Management, U.S.

Strategy: Multistrategy

Assets (in billions): $5.1

YTD Total Return: +9.0%

2011 Return: -7.1%

Source: Bloomberg
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[slide
permalink=”99-team-managed-two-sigma-compass-enhanced-us-tied-2″
title=”99. Team-managed Two Sigma Compass Enhanced U.S. (tied)”
content=”Firm & Location:
Two Sigma Investments, U.S.

Strategy: Managed futures

Assets (in billions): $2.6

YTD Total Return: +9.0%

2011 Return: +3.7%

Source: Bloomberg
image=”http://static.businessinsider.com/image/4f3d0ce869beddec36000001″
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[slide
permalink=”98-team-managed-m-kingdon-offshore-3″
title=”98. Team-managed M. Kingdon Offshore”
content=”Firm & Location:
Kingdon Capital Management, U.S.

Strategy: Long/short

Assets (in billions): $1.2

YTD Total Return: +9.1%

2011 Return: -18.0%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e4804fecad04bd30000006″
caption=””
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]
[slide
permalink=”96-john-burbank-ii-tied-4″
title=”96. John Burbank II (tied)”
content=”Firm & Location:
Passport Capital, U.S.

Strategy: Long/short

Assets (in billions): $1.3

YTD Total Return: +9.3%

2011 Return: -18.7%

Source: Bloomberg
image=”http://static.businessinsider.com/image/4dc81aa0cadcbb20050b0000″
caption=””
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[slide
permalink=”96-paul-singer-tied-5″
title=”96. Paul Singer (tied)”
content=”Firm & Location:
Elliott Management, U.S.

Strategy: Multistrategy

Assets (in billions): $13.4

YTD Total Return: +9.3%

2011 Return: +3.8%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e4825269bedd970a00000d”
caption=””
credit=””
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[slide
permalink=”94-michael-weinstock-andrew-herenstein-and-chris-santana-tied-6″
title=”94. Michael Weinstock, Andrew Herenstein, and Chris Santana (tied)”
content=”Firm & Location:
Monarch Alternative Capital, U.S.

Strategy: Distressed

Assets (in billions): $1.3

YTD Total Return: +9.4%

2011 Return: -0.5%

Source: Bloomberg
image=”http://static.businessinsider.com/image/4b60bee500000000002ef74d”
caption=””
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[slide
permalink=”94-clint-carlson-tied-7″
title=”94. Clint Carlson (tied)”
content=”Firm & Location:
Carlson Capital, U.S.

Strategy: Multistrategy

Assets (in billions): $4.4

YTD Total Return: +9.4%

2011 Return: -0.8%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e48520eab8ea274c000002″
caption=””
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]
[slide
permalink=”93-daniel-och-8″
title=”93. Daniel Och”
content=”Firm & Location:
Och-Ziff Capital Management Group, U.S.

Strategy: Multistrategy

Assets (in billions): $21.4

YTD Total Return: +9.5%

2011 Return: -0.6%

Source: Bloomberg
image=”http://static.businessinsider.com/image/4b990e7e7f8b9a59193e0100″
caption=””
credit=””
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]
[slide
permalink=”92-jorge-benjamin-rosas-and-marcos-lederman-9″
title=”92. Jorge Benjamin Rosas and Marcos Lederman”
content=”Firm & Location:
Spinnaker Capital, U.K.

Strategy: Emerging-markets debt

Assets (in billions): $1.4

YTD Total Return: +9.6%

2011 Return: -11.8%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e4877beab8ea6d51000003″
caption=””
credit=””
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]
[slide
permalink=”91-anthony-frascella-and-william-techar-10″
title=”91. Anthony Frascella and William Techar”
content=”Firm & Location:
Aristeia Capital, U.S.

Strategy: Credit

Assets (in billions): $1.5

YTD Total Return: +9.8%

2011 Return: +2.4%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e488876bb3f7f02a00000b”
caption=””
credit=””
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]
[slide
permalink=”86-jacob-gottlieb-tied-11″
title=”86. Jacob Gottlieb (tied)”
content=”Firm & Location:
Visium Asset Management, U.S.

Strategy: Long/short

Assets (in billions): $2.6

YTD Total Return: +10.0%

2011 Return: +2.1%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e48951eab8ea1454000015″
caption=””
credit=””
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]
[slide
permalink=”86-alex-klabin-and-douglas-silverman-tied-12″
title=”86. Alex Klabin and Douglas Silverman (tied)”
content=”Firm & Location:
Senator Investment Group, U.S.

Strategy: Multistrategy

Assets (in billions): $3.7

YTD Total Return: +10.0%

2011 Return: -0.7%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e48b086bb3f79a33000001″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”86-steve-a-cohen-tied-13″
title=”86. Steve A. Cohen (tied)”
content=”Firm & Location:
SAC Capital Advisors, U.S.

Strategy: Long/short

Assets (in billions): $9.0

YTD Total Return: +10.0%

2011 Return: +8.0%

Source: Bloomberg
image=”http://static.businessinsider.com/image/4dcd3048cadcbbb901130000″
caption=””
credit=””
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]
[slide
permalink=”86-lee-hobson-tied-14″
title=”86. Lee Hobson (tied)”
content=”Firm & Location:
Highside Capital Management, U.S.

Strategy: Long/short

Assets (in billions): $1.0

YTD Total Return: +10.0%

2011 Return: -1.3%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e48cb569bedd4c25000019″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”86-shawn-foley-and-rob-symington-tied-15″
title=”86. Shawn Foley and Rob Symington (tied)”
content=”Firm & Location:
Avenue Capital Group, U.S.

Strategy: Distressed

Assets (in billions): $2.0

YTD Total Return: +10.0%

2011 Return: -12.9%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e48dcaeab8eacb5e000006″
caption=””
credit=””
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]
[slide
permalink=”84-peter-davies-and-stuart-roden-tied-16″
title=”84. Peter Davies and Stuart Roden (tied)”
content=”Firm & Location:
Lansdowne Partners, U.K.

Strategy: Long/short

Assets (in billions): $6.9

YTD Total Return: +10.1%

2011 Return: -20.4%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e490ac69beddda2e000006″
caption=””
credit=””
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]
[slide
permalink=”84-john-bader-and-kevah-konner-tied-17″
title=”84. John Bader and Kevah Konner (tied)”
content=”Firm & Location:
Halcyon Asset Management, U.S.

Strategy: Multistrategy

Assets (in billions): $1.5

YTD Total Return: +10.1%

2011 Return: -5.9%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e48eb16bb3f7eb37000009″
caption=””
credit=””
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]
[slide
permalink=”83-robert-citrone-18″
title=”83. Robert Citrone”
content=”Firm & Location:
Discovery Capital Management, U.S.

Strategy: Macro

Assets (in billions): $6.3

YTD Total Return: +10.2%

2011 Return: +3.6%

Source: Bloomberg
image=”http://static.businessinsider.com/image/4d4039eecadcbbb31b0c0000″
caption=””
credit=””
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]
[slide
permalink=”81-victor-khosla-tied-19″
title=”81. Victor Khosla (tied)”
content=”Firm & Location:
Strategic Value Partners, U.S.

Strategy: Distressed

Assets (in billions): $1.4

YTD Total Return: +10.3%

2011 Return: -11.3%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e49273ecad048f51000005″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”81-kevin-eng-tied-20″
title=”81. Kevin Eng (tied)”
content=”Firm & Location:
Columbus Hill Capital Management, U.S.

Strategy: Multistrategy

Assets (in billions): $1.2

YTD Total Return: +10.3%

2011 Return: -4.5%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e4936669bedd393700000b”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”80-team-managed-loomis-sayles-credit-longshort-21″
title=”80. Team-managed Loomis Sayles Credit Long/Short”
content=”Firm & Location:
Loomis Sayles & Co., U.S.

Strategy: Credit

Assets (in billions): $1.1

YTD Total Return: +10.4%

2011 Return: -0.8%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e4943d6bb3f72543000003″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”76-john-paulson-tied-22″
title=”76. John Paulson (tied)”
content=”Firm & Location:
Paulson Partners, U.S.

Strategy: Merger arbitrage

Assets (in billions): $2.0

YTD Total Return: +10.5%

2011 Return: -21.6%

Source: Bloomberg
image=”http://static.businessinsider.com/image/4e60f221ecad041073000002″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”76-francis-biondi-and-brian-higgins-tied-23″
title=”76. Francis Biondi and Brian Higgins (tied)”
content=”Firm & Location:
King Street Capital, U.S.

Strategy: Event driven

Assets (in billions): $10.4

YTD Total Return: +10.5%

2011 Return: -1.6%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e495bc69beddec3f000001″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”86-kyle-bass-tied-24″
title=”86. Kyle Bass (tied)”
content=”Firm & Location:
Hayman Capital Management, U.S.

Strategy: Event driven

Assets (in billions): $1.0

YTD Total Return: +10.5%

2011 Return: +1.8%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50649500ecad040b22000002″
caption=””
credit=””
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]
[slide
permalink=”76-steven-tananbaum-tied-25″
title=”76. Steven Tananbaum (tied)”
content=”Firm & Location:
GoldenTree Asset Management, U.S.

Strategy: Credit

Assets (in billions): $2.9

YTD Total Return: +10.5%

2011 Return: -0.3%

Source: Bloomberg
image=”http://static.businessinsider.com/image/4dde80904bd7c843710c0000″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”74-sander-gerber-tied-26″
title=”74. Sander Gerber (tied)”
content=”Firm & Location:
Hudson Bay Capital Management

Strategy: Multistrategy

Assets (in billions): $1.5

YTD Total Return: +10.6%

2011 Return: +4.3%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e497fceab8eaaf7700000a”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”74-paul-singer-tied-27″
title=”74. Paul Singer (tied)”
content=”Firm & Location:
Elliott Management, U.S.

Strategy: Multistrategy

Assets (in billions): $7.5

YTD Total Return: +10.6%

2011 Return: +4.0%

Source: Bloomberg
image=”http://static.businessinsider.com/image/4f5076fbeab8ea0108000000″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”73-jeffrey-weber-and-marc-helwani-28″
title=”73. Jeffrey Weber and Marc Helwani”
content=”Firm & Location:
York Capital Management, U.S.

Strategy: Multistrategy

Assets (in billions): $1.5

YTD Total Return: +10.7%

2011 Return: -7.2%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e49966ecad04be5e000009″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”72-daniel-riley-and-david-frost-29″
title=”72. Daniel Riley and David Frost”
content=”Firm & Location:
New Mountain Capital, U.S.

Strategy: Long/short

Assets (in billions): $1.6

YTD Total Return: +10.8%

2011 Return: +12.0%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e49a1deab8eae77900000f”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”68-russell-jeffrey-tied-30″
title=”68. Russell Jeffrey (tied)”
content=”Firm & Location:
Providence Investment Management, U.S.

Strategy: Mortgage-backed arbitrage

Assets (in billions): $1.8

YTD Total Return: +11.0%

2011 Return: +25.1%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e49b38ecad04c75e000010″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”68-bill-gross-tied-31″
title=”68. Bill Gross (tied)”
content=”Firm & Location:
Pimco, U.S.

Strategy: Long/short

Assets (in billions): $2.7

YTD Total Return: +11.0%

2011 Return: +1.8%

Source: Bloomberg
image=”http://static.businessinsider.com/image/4f393d0d69bedd991400003d”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”68-louis-salvatore-and-michael-whitman-tied-32″
title=”68. Louis Salvatore and Michael Whitman (tied)”
content=”Firm & Location:
GSO Capital Partners, U.S.

Strategy: Distressed

Assets (in billions): $1.8

YTD Total Return: +11.0%

2011 Return: +8.0%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e49c9eecad042263000013″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”68-michael-gordon-and-david-kamin-tied-33″
title=”68. Michael Gordon and David Kamin (tied)”
content=”Firm & Location:
Angelo Gordon & Co., U.S.

Strategy: Multistrategy

Assets (in billions): $3.1

YTD Total Return: +11.0%

2011 Return: -0.8%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e49dd0eab8eafd05000007″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”67-dave-edington-34″
title=”67. Dave Edington”
content=”Firm & Location:
Rimrock Capital Management, U.S.

Strategy: Fixed-income arbitrage

Assets (in billions): $1.2

YTD Total Return: +11.2%

2011 Return: +7.5%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e49ec569bedd8757000000″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”65-david-einhorn-tied-35″
title=”65. David Einhorn (tied)”
content=”Firm & Location:
Greenlight Capital, U.S.

Strategy: Long/short

Assets (in billions): $7.8

YTD Total Return: +11.4%

2011 Return: +2.9%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50896f0becad04d02200001b”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”65-john-armitage-tied-36″
title=”65. John Armitage (tied)”
content=”Firm & Location:
Egerton Capital, U.K.

Strategy: Long/short

Assets (in billions): $1.5

YTD Total Return: +11.4%

2011 Return: -5.0%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e49fd86bb3f7f956000006″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”64-per-josefsson-and-svante-elfving-37″
title=”64. Per Josefsson and Svante Elfving”
content=”Firm & Location:
Zenit Asset Management, Sweden

Strategy: Long/short

Assets (in billions): $1.5

YTD Total Return: +11.8%

2011 Return: -4.0%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e4a102ecad04dd6b000005″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”63-ross-turner-and-hadyn-cunningham-38″
title=”63. Ross Turner and Hadyn Cunningham”
content=”Firm & Location:
Pelham Capital Management, U.K.

Strategy: Long/short

Assets (in billions): $2.0

YTD Total Return: +11.9%

2011 Return: -10.4%

Source: Bloomberg
image=”http://static.businessinsider.com/image/4b60becb0000000000ab7d7f”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”61-daniel-gold-tied-39″
title=”61. Daniel Gold (tied)”
content=”Firm & Location:
QVT Financial, U.S.

Strategy: Multistrategy

Assets (in billions): $2.4

YTD Total Return: +12.1%

2011 Return: +5.5%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e4a35e69beddf95d000021″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”61-carl-goldsmith-and-scott-klein-tied-40″
title=”61. Carl Goldsmith and Scott Klein (tied)”
content=”Firm & Location:
Beach Point Capital Management, U.S.

Strategy: Distressed

Assets (in billions): $1.4

YTD Total Return: +12.1%

2011 Return: +5.5%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e4a59a6bb3f7d461000012″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”60-tim-webb-41″
title=”60. Tim Webb”
content=”Firm & Location:
BlackRock Alternative Investors, U.S.

Strategy: Fixed income

Assets (in billions): $3.5

YTD Total Return: +12.3%

2011 Return: +20.2%

Source: Bloomberg
image=”http://static.businessinsider.com/image/4b2138df0000000000e74896″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”59-adam-levinson-and-michael-novogratz-42″
title=”59. Adam Levinson and Michael Novogratz”
content=”Firm & Location:
Fortress Investment Group, U.S.

Strategy: Macro

Assets (in billions): $1.5

YTD Total Return: +12.5%

2011 Return: -9.5%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e4a73c69bedd376a000005″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”58-david-warren-43″
title=”58. David Warren”
content=”Firm & Location:
DW Investment Management, U.S.

Strategy: Credit

Assets (in billions): $3.0

YTD Total Return: +12.6%

2011 Return: +1.2%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e4a819ecad046b7b000009″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”57-andreas-halvorsen-44″
title=”57. Andreas Halvorsen”
content=”Firm & Location:
Viking Global Investors, U.S.

Strategy: Long/short

Assets (in billions): $16.3

YTD Total Return: +12.7%

2011 Return: +7.6%

Source: Bloomberg
image=”http://static.businessinsider.com/image/4ebbf9366bb3f7d90a000003″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”56-clifton-robbins-45″
title=”56. Clifton Robbins”
content=”Firm & Location:
Blue Harbour Group, U.S.

Strategy: Activist

Assets (in billions): $1.1

YTD Total Return: +12.9%

2011 Return: +3.3%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e4a9aeecad045a7b000007″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”55-john-thiessen-and-tim-logie-46″
title=”55. John Thiessen and Tim Logie”
content=”Firm & Location:
Vertex One Asset Management, Canada

Strategy: Distressed

Assets (in billions): $1.0

YTD Total Return: +13.0%

2011 Return: -20.0%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e4aab0eab8ea3024000000″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”54-luis-stuhlberger-47″
title=”54. Luis Stuhlberger”
content=”Firm & Location:
Credit Suisse Hedging-Griffo, Brazil

Strategy: macro

Assets (in billions): $1.4

YTD Total Return: +13.1%

2011 Return: -5.7%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e4ab5d6bb3f7c46e00000a”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”52-steve-feinberg-tied-48″
title=”52. Steve Feinberg (tied)”
content=”Firm & Location:
Cerberus Capital Management, U.S.

Strategy: Distressed

Assets (in billions): $7.6

YTD Total Return: +13.2%

2011 Return: +1.3%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50d08cfbecad048a3b00000e”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”52-seth-brufsky-and-americo-cascella-tied-49″
title=”52. Seth Brufsky and Americo Cascella (tied)”
content=”Firm & Location:
Ares Management, U.S.

Strategy: Fixed income

Assets (in billions): $2.4

YTD Total Return: +13.2%

2011 Return: +8.0%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e4ac7d6bb3f73f71000003″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”51-andrew-feldstein-50″
title=”51. Andrew Feldstein”
content=”Firm & Location:
BlueMountain Capital Management, U.S.

Strategy: Credit

Assets (in billions): $5.1

YTD Total Return: +13.3%

2011 Return: +3.6%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e4ad4c6bb3f73173000003″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”48-richard-perry-tied-51″
title=”48. Richard Perry (tied)”
content=”Firm & Location:
Perry Capital, U.S.

Strategy: Multistrategy

Assets (in billions): $4.8

YTD Total Return: +13.4%

2011 Return: -7.1%

Source: Bloomberg
image=”http://static.businessinsider.com/image/4bdb44187f8b9a423b2c0000″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”48-david-e-shaw-tied-52″
title=”48. David E. Shaw (tied)”
content=”Firm & Location:
D.E. Shaw & Co., U.S.

Strategy: Macro

Assets (in billions): $9.5

YTD Total Return: +13.4%

2011 Return: +18.0%

Source: Bloomberg
image=”http://static.businessinsider.com/image/4e26d55149e2ae8d11430000″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”48-joseph-wolnick-joseph-godley-and-james-coppola-tied-53″
title=”48. Joseph Wolnick, Joseph Godley, and James Coppola (tied)”
content=”Firm & Location:
Halcyon Asset-Backed Advisors, U.S.

Strategy: Asset backed

Assets (in billions): $2.5

YTD Total Return: +13.4%

2011 Return: +4.1%

Source: Bloomberg
image=”http://static.businessinsider.com/image/4c654aa57f8b9a160e1f0900″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”46-bradley-wickens-tied-54″
title=”46. Bradley Wickens (tied)”
content=”Firm & Location:
Spinnaker Capital, U.K.

Strategy: Emerging-markets debt

Assets (in billions): $1.4

YTD Total Return: +13.7%

2011 Return: -9.3%

Source: Bloomberg
image=”http://static.businessinsider.com/image/4d40339cccd1d57929010000″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”46-andre-stern-steve-mobbs-and-steven-kurlander-tied-55″
title=”46. Andre Stern, Steve Mobbs, and Steven Kurlander (tied)”
content=”Firm & Location:
OxFORD Asset Management, U.K.

Strategy: Quantitative

Assets (in billions): $3.8

YTD Total Return: +13.7%

2011 Return: +23.5%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e4afa0eab8ea512f000000″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”43-bruce-richards-and-louis-hanover-tied-56″
title=”43. Bruce Richards and Louis Hanover (tied)”
content=”Firm & Location:
Marathon Asset Management, U.S.

Strategy: Multistrategy

Assets (in billions): $1.0

YTD Total Return: +14.0%

2011 Return: -4.8%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e4b05fecad048b0a000004″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”43-team-managed-citadel-global-equities-tied-57″
title=”43. Team-managed Citadel Global Equities (tied)”
content=”Firm & Location:
Citadel Advisors, U.S.

Strategy: Long/short

Assets (in billions): $2.0

YTD Total Return: +14.0%

2011 Return: +21.0%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e4b137eab8ea512f00000e”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”43-ray-dalio-tied-58″
title=”43. Ray Dalio (tied)”
content=”Firm & Location:
Bridgewater Associates, U.S.

Strategy: Macro

Assets (in billions): $6.6

YTD Total Return: +14.0%

2011 Return: +19.5%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50de09bd69bedddc7b000006″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”42-daniel-loeb-59″
title=”42. Daniel Loeb”
content=”Firm & Location:
Third Point, U.S.

Strategy: Multistrategy

Assets (in billions): $4.9

YTD Total Return: +14.1%

2011 Return: -0.1%

Source: Bloomberg
image=”http://static.businessinsider.com/image/4caa320e7f8b9abd6bfb0a00″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”41-simon-finch-60″
title=”41. Simon Finch”
content=”Firm & Location:
CQS, U.K.

Strategy: Asset backed

Assets (in billions): $2.3

YTD Total Return: +14.3%

2011 Return: +0.7%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e4b2c7ecad04851000000b”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”40-ivan-mazalov-and-alexander-branis-61″
title=”40. Ivan Mazalov and Alexander Branis”
content=”Firm & Location:
Prosperity Capital Management, Russia

Strategy: Emerging-markets equity

Assets (in billions): $1.3

YTD Total Return: +14.9%

2011 Return: -18.0%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e4b3746bb3f74b7c000007″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”38-william-vrattos-james-dinan-and-daniel-schwartz-tied-62″
title=”38. William Vrattos, James Dinan, and Daniel Schwartz (tied)”
content=”Firm & Location:
York Capital Management, U.S.

Strategy: Distressed

Assets (in billions): $4.2

YTD Total Return: +15.0%

2011 Return: -1.4%

Source: Bloomberg
image=”http://static.businessinsider.com/image/4c90d00c7f8b9a60041c0c00″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”38-edward-mule-tied-63″
title=”38. Edward Mule (tied)”
content=”Firm & Location:
Silver Point Capital, U.S.

Strategy: Distressed

Assets (in billions): $6.8

YTD Total Return: +15.0%

2011 Return: +6.1%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e4b45969bedda509000020″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”37-peter-bridger-jr-and-constantine-dakolias-64″
title=”37. Peter Bridger Jr. and Constantine Dakolias”
content=”Firm & Location:
Fortress Investment Group, U.S.

Strategy: Credit

Assets (in billions): $4.9

YTD Total Return: +15.1%

2011 Return: +10.9%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e4b513eab8eafe3c000004″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”36-steve-tananbaum-65″
title=”36. Steve Tananbaum”
content=”Firm & Location:
GoldenTree Asset Management, U.S.

Strategy: Credit

Assets (in billions): $1.5

YTD Total Return: +15.3%

2011 Return: +0.7%

Source: Bloomberg
image=”http://static.businessinsider.com/image/4ff2fb07eab8ea892c000019″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”35-patrick-mcmahon-and-anthony-lembke-66″
title=”35. Patrick McMahon and Anthony Lembke”
content=”Firm & Location:
MKP Capital Management, U.S.

Strategy: Credit

Assets (in billions): $2.0

YTD Total Return: +15.4%

2011 Return: -5.1%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e4b630ecad044815000008″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”34-joshua-friedman-and-mitchell-julis-67″
title=”34. Joshua Friedman and Mitchell Julis”
content=”Firm & Location:
Canyon Capital Advisors, U.S.

Strategy: Multistrategy

Assets (in billions): $8.0

YTD Total Return: +15.6%

2011 Return: -4.7%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e4b6ec69bedd8115000002″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”33-william-mok-68″
title=”33. William Mok”
content=”Firm & Location:
Structured Portfolio Management, U.S.

Strategy: Mortgage-backed arbitrage

Assets (in billions): $1.7

YTD Total Return: +15.7%

2011 Return: +23.7%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e4b7db69bedd4815000005″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”31-lee-ainslie-tied-69″
title=”31. Lee Ainslie (tied)”
content=”Firm & Location:
Maverick Capital Management, U.S.

Strategy: Long/short

Assets (in billions): $10.0

YTD Total Return: +16.0%

2011 Return: -15.8%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50c7908deab8ea8f59000008″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”31-robert-gibbins-tied-70″
title=”31. Robert Gibbins (tied)”
content=”Firm & Location:
Autonomy Capital, U.S.

Strategy: Macro

Assets (in billions): $2.9

YTD Total Return: +16.0%

2011 Return: +13.6%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e4b89eeab8ea7445000001″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”29-david-e-shaw-tied-71″
title=”29. David E. Shaw (tied)”
content=”Firm & Location:
D.E. Shaw & Co.

Strategy: Macro

Assets (in billions): $1.7

YTD Total Return: +16.8%

2011 Return: +9.2%

Source: Bloomberg
image=”http://static.businessinsider.com/image/4f57cb00ecad040c7f00001b”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”29-lars-forsberg-and-christer-gardell-72″
title=”29. Lars Forsberg and Christer Gardell”
content=”Firm & Location:
Cevian Capital, Sweden

Strategy: Activist

Assets (in billions): $6.9

YTD Total Return: +16.8%

2011 Return: -9.9%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e4b98ceab8ea2345000005″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”28-david-sherr-73″
title=”28. David Sherr”
content=”Firm & Location:
One William Street Capital Management, U.S.

Strategy: Asset backed

Assets (in billions): $2.2

YTD Total Return: +17.1%

2011 Return: -4.3%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e58131eab8ea107900001c”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”26-jonathan-kolatch-tied-74″
title=”26. Jonathan Kolatch (tied)”
content=”Firm & Location:
Redwood Capital Management, U.S.

Strategy: Distressed

Assets (in billions): $2.6

YTD Total Return: +17.4%

2011 Return: -2.0%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e5821deab8ea9d7f000004″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”26-jeff-gundlach-and-philip-barach-tied-75″
title=”26. Jeff Gundlach and Philip Barach (tied)”
content=”Firm & Location:
DoubleLine Capital, U.S.

Strategy: Fixed income

Assets (in billions): $2.3

YTD Total Return: +17.4%

2011 Return: +20.7%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50d0dc7eecad04eb53000001″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”25-jon-bauer-and-janice-stanton-76″
title=”25. Jon Bauer and Janice Stanton”
content=”Firm & Location:
Contrarian Capital Management, U.S.

Strategy: Distressed

Assets (in billions): $2.1

YTD Total Return: +17.6%

2011 Return: -1.3%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e583286bb3f7fb7d000016″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”24-joshua-friedman-and-mitchell-julis-77″
title=”24. Joshua Friedman and Mitchell Julis”
content=”Firm & Location:
Canyon Capital Advisors, U.S.

Strategy: Distressed

Assets (in billions): $1.9

YTD Total Return: +17.7%

2011 Return: -4.5%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e4b6ec69bedd8115000002″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”22-team-managed-citadel-kensingtonwellington-tied-78″
title=”22. Team managed Citadel Kensington/Wellington (tied)”
content=”Firm & Location:
Citadel Advisors, U.S.

Strategy: Multistrategy

Assets (in billions): $7.0

YTD Total Return: +18.0%

2011 Return: +20.0%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e4b137eab8ea512f00000e”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”22-timothy-wong-tied-79″
title=”22. Timothy Wong (tied)”
content=”Firm & Location:
Man Investments, U.K.

Strategy: Managed futures

Assets (in billions): $1.9

YTD Total Return: +18.0%

2011 Return: +10.5%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e584486bb3f79203000011″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”21-jamie-zimmerman-80″
title=”21. Jamie Zimmerman”
content=”Firm & Location:
Litespeed Management, U.S.

Strategy: Distressed

Assets (in billions): $1.7

YTD Total Return: +18.1%

2011 Return: +4.4%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e584aeeab8ea8a7f000010″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”19-aaron-yeary-tied-81″
title=”19. Aaron Yeary (tied)”
content=”Firm & Location:
Pine River Capital Management, U.S.

Strategy: Multistrategy

Assets (in billions): $1.6

YTD Total Return: +18.5%

2011 Return: +5.7%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e58563eab8ea2808000000″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”19-greg-lippmann-tied-82″
title=”19. Greg Lippmann (tied)”
content=”Firm & Location:
LibreMax Capital, U.S.

Strategy: Structured credit

Assets (in billions): $2.3

YTD Total Return: +18.5%

2011 Return: +2.0%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e585eaeab8ea860a000005″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”18-steve-feinberg-83″
title=”18. Steve Feinberg”
content=”Firm & Location:
Cerberus Capital Management, U.S.

Strategy: Distressed

Assets (in billions): $1.7

YTD Total Return: +19.0%

2011 Return: N/A

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e5be32eab8eaaa06000012″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”17-andreas-halvorsen-84″
title=”17. Andreas Halvorsen”
content=”Firm & Location:
Viking Global Capital Investors, U.S.

Strategy: Long biased

Assets (in billions): $1.7

YTD Total Return: +19.4%

2011 Return: -0.1%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50c792c4eab8ea305c00001e”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”16-team-managed-citadel-tactical-trading-85″
title=”16. Team managed Citadel Tactical Trading”
content=”Firm & Location:
Citadel Advisors, U.S.

Strategy: Long/short

Assets (in billions): $1.0

YTD Total Return: +20.0%

2011 Return: +38.0%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e586c1ecad044f1d000016″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”15-william-mok-86″
title=”15. William Mok”
content=”Firm & Location:
Structured Portfolio Management, U.S.

Strategy: Mortgage-backed arbitrage

Assets (in billions): $1.9

YTD Total Return: +20.3%

2011 Return: +19.6%

Source: Bloomberg
image=”http://static.businessinsider.com/image/4b60beeb000000000058e022″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”14-barry-rosenstein-and-david-didomenico-87″
title=”14. Barry Rosenstein and David DiDomenico”
content=”Firm & Location:
Jana Partners, U.S.

Strategy: Event driven

Assets (in billions): $3.8

YTD Total Return: +20.4%

2011 Return: -2.1%

Source: Bloomberg
image=”http://static.businessinsider.com/image/4f9ebc5becad042e34000001″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”13-ricky-sandler-88″
title=”13. Ricky Sandler”
content=”Firm & Location:
Eminence Capital, U.S.

Strategy: Long/short

Assets (in billions): $3.0

YTD Total Return: +20.9%

2011 Return: +1.6%

Source: Bloomberg
image=”http://static.businessinsider.com/image/4d028bf5ccd1d59c410a0000″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”12-feroz-dewan-and-chase-coleman-89″
title=”12. Feroz Dewan and Chase Coleman”
content=”Firm & Location:
Tiger Global Management, U.S.

Strategy: Long/short

Assets (in billions): $6.0

YTD Total Return: +21.0%

2011 Return: +45.0%

Source: Bloomberg
image=”http://static.businessinsider.com/image/502a9e9fecad04312a000000″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”11-philip-weingord-90″
title=”11. Philip Weingord”
content=”Firm & Location:
Seer Capital Management, U.S.

Strategy: Asset backed

Assets (in billions): $1.2

YTD Total Return: +21.6%

2011 Return: +2.1%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e5885569bedd980d000012″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”10-leon-cooperman-91″
title=”10. Leon Cooperman”
content=”Firm & Location:
Omega Advisors, U.S.

Strategy: Long/short

Assets (in billions): $1.4

YTD Total Return: +21.7%

2011 Return: -1.4%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50620fd16bb3f7ec5a000006″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”9-daniel-loeb-92″
title=”9. Daniel Loeb”
content=”Firm & Location:
Third Point, U.S.

Strategy: Multistrategy

Assets (in billions): $1.3

YTD Total Return: +22.1%

2011 Return: -2.3%

Source: Bloomberg
image=”http://static.businessinsider.com/image/4fa93242ecad044f1a000021″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”8-team-managed-btg-pactual-gemm-93″
title=”8. Team managed BTG Pactual GEMM”
content=”Firm & Location:
BTG Pactual Global Asset Management, U.S.

Strategy: Macro

Assets (in billions): $3.6

YTD Total Return: +23.1%

2011 Return: +3.4%

Source: Bloomberg
image=”http://static.businessinsider.com/image/4f5e33fe6bb3f78e74000022″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”6-david-tepper-tied-94″
title=”6. David Tepper (tied)”
content=”Firm & Location:
Appaloosa Management, U.S.

Strategy: Multistrategy

Assets (in billions): $4.9

YTD Total Return: +24.0%

2011 Return: -3.5%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50cf1b0c6bb3f7ca61000017″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”6-bruce-richards-and-louis-hanover-tied-95″
title=”6. Bruce Richards and Louis Hanover (tied)”
content=”Firm & Location:
Marathon Asset Management, U.S.

Strategy: Asset backed

Assets (in billions): $1.2

YTD Total Return: +24.0%

2011 Return: -4.2%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e4b05fecad048b0a000004″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”5-crispin-odey-96″
title=”5. Crispin Odey”
content=”Firm & Location:
Odey Asset Management, U.K.

Strategy: Macro

Assets (in billions): $1.8

YTD Total Return: +24.1%

2011 Return: -20.3%

Source: Bloomberg
image=”http://static.businessinsider.com/image/5062ed9969beddd744000008″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”4-steve-kuhn-and-jiayi-chen-97″
title=”4. Steve Kuhn and Jiayi Chen”
content=”Firm & Location:
Pine River Capital Management, U.S.

Strategy: Mortgage-back arbitrage

Assets (in billions): $1.1

YTD Total Return: +28.0%

2011 Return: +7.2%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e58a3f69bedd6413000017″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”3-michael-hintze-98″
title=”3. Michael Hintze”
content=”Firm & Location:
CQS, U.K.

Strategy: Multistrategy

Assets (in billions): $1.5

YTD Total Return: +28.9%

2011 Return: -10.4%

Source: Bloomberg
image=”http://static.businessinsider.com/image/4b60beb90000000000b7c559″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”2-steve-kuhn-99″
title=”2. Steve Kuhn”
content=”Firm & Location:
Pine River Capital Management, U.S.

Strategy: Mortgage-back arbitrage

Assets (in billions): $3.6

YTD Total Return: +32.9%

2011 Return: +4.8%

Source: Bloomberg
image=”http://static.businessinsider.com/image/50e58aa3eab8ea3215000015″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”1-deepak-narula-100″
title=”1. Deepak Narula”
content=”Firm & Location:
Metacapital Management, U.S.

Strategy: Mortgage-backed arbitrage

Assets (in billions): $1.5

YTD Total Return: +37.8%

2011 Return: +23.6%

Source: Bloomberg
image=”http://static.businessinsider.com/image/507579b76bb3f7c75d000013″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”but-heres-the-even-bigger-winners-from-the-past-year-101″
title=”But here’s the even bigger winners from the past year”
content=”
READ MORE:
The 10 Billionaires Whose Net Worth Rose The Most In 2012>
image=”http://static.businessinsider.com/image/5032b902ecad04e27c000001″
caption=””
credit=””
credit_href=””
]
[/slideshow]