Hedge Funds Have Worst Week Since 2011: Here Are The Best And Worst Performers In October And 2014

First, the bad news: Last week was the worst week for hedge funds since 2011.

Then the good: hedge funds dropped by less than half what the decline in the broader market was, largely because many hedge funds still haven't been fully shaken out of their shorts, despite 6 years of relentless central planning seeking to crush all bears

Specifically, as BofA reveals, the diversified hedge fund index was down 2.4% for the week ending Oct 15, while S&P500 was down 5.4% on a price returns basis. CTA advisors were at the top, up 0.85% while Event Driven funds were down 4.2%.

The full breakdown below:

The breakdown by strategy:

Here are the Top 20 best and worst performing hedge funds in 2014:

And finally, here is a performance summary of a selection of the most prominent hedge funds in the US, first sorted by October performance, worst to best:

And here is the same universe, but with a YTD performance sort:

Source: BofA, HSBC

Comments

[GetZeeGold]

despite 6 years of relentless central planning seeking to crush all bears

Yes we can?

[Capitalist]

I see Pershing Square doing well. So Ackman is back on top eh?

[ebworthen]

Best performing hedge fund YTD = Tulip Trend Fund.

[Downtoolong]

Some signs are so obvious no one sees them.

[NoDebt]

It takes some serious balls to put a name like that on your fund.

[just-my-opinion]

Call it....Stupid Fund....or something like that

[LULZBank]

Talking of hedge funds, hows Eclectica Asset Management doing?

[Pheonyte]

It's on the last chart: -6.35% YTD

[LULZBank]

You mean you read charts before commenting?

I was just rubbing it in, as Hugh Hendry has been a Champion investor of ZH, will till sometime last year.

http://www.zerohedge.com/news/2013-12-06/hugh-hendry-throws-bearish-towel-his-full-must-read-letter

[Dr. Engali]

I don't see the Fed listed in there.

[NoDebt]

Look for their trading name:  S&P 500.

[Spungo]

I can't believe someone called their fund the Tulip Trend Fund. That's like making a company called South Sea Capital.

[Snoopy the Economist]

They chase momentum - and it seems to be working for them.

[Billy Sol Estes]

Chase, what matters.

-Your friend, JP

[The Phallic Crusader]

So I wonder if Tylers or their minions have time to delve into say a few of the top and a afew of the worst performing hedge funds, and look to calculate true, or unfucked-with - weighted average maturity.

The hunch:  the funds whih did best have shortest maturity [and probably shortest average duration].

The worst will have longest actual maturity, and the biggest discrepancy between the maturity they report and the true figure, potentially because of the use of interest rate reset dates as maturity dates - not illegal, still, but complete horseshit, of course.

[Ban KKiller]

Fortress Investment Group owner of Nationstar Mortgage, LLC? FUCK YOU! Oh, noticed how your stock is sinking? Want to know why? Well does the words DOJ or CFPB or Consent Orders give you pause? How about SEC checking you guys out right this very minute? Nationstar Mortgage, LLC, in their quest to grow are following in the footsteps of other "servicers" in using forged, fraudulent documents in foreclosures. No big deal....UNTIL YOU ARE CAUGHT WHICH IS WHAT IS HAPPENING AS insiders ARE squealing! 

Time to rat out your fellow rats while the going is good. Ha-fuck you-ha!

[Muppet]

BKK: Nationstar Mortgage (NSM) is up 2.5% today.   

[SurlysonofaBitch]

Hugh Henry just enrolled with the University of Phoenix to learn medical billing and coding. 

[huggy_in_london]

Graham Global Discretionary "Enhanced" ....

Enhanced alright... yikes

Looks like its time for the Discovery Global Opportunities boys to, well, discover other opportunities.....