Diamondback Capital Returns Are Three Times As Much As Similar Hedge Funds

diamondback

Photo: Wikipedia

Diamondback Capital, one of the hedge funds raided yesterday by the FBI, returned three times as much as hedge funds with a similar investment strategy since its 2005 launch, Bloomberg reports.An investor letter showed that the firm “gained 73% from mid-2005 through July this year,” whereas hedge funds that also use a multistrategy approach, only gained 22%.

Diamondback has approximately $5.8 billion AUM, and this year returned ~6.3% YTD.

That is a massive nosedive compared to its ~23% returns this time last year. It surged ahead of its peers between 2006 and 2008, but since then it has lagged behind its competitors.

For more details, go to Bloomberg >

Here are DiamondBack’s current holdings >

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