Some quant funds are faring well
So how are hedge funds faring really? Well, they're on track to post their worst annual performance figures since people started keeping score. But they've held up far better than mutual funds and the Standard & Poor's 500 index. Still, it's a tough time and many expect some massive upheaval. So any fund scoring big gains this year deserves a lot of credit (not to be clever). John Paulson has gotten the most attention for posting positive returns. But FINalternatives notes there are some others, many of which happen to be quant funds. Hyman Beck & Co., for example, posted a roughly 16 percent gain in October, which brings its year-to-date gain to 47 percent. John W. Henry & Co. runs four funds which are up between 30 percent and 72 percent. These funds tend to be really small, but a good run is a good run--their investors are not complaining.
For more:
- here's the FINalternatives article
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Navigating the Hedge Fund Maze - October 2008
Are quant fund really dead?
