One year ago
»» Dan Loeb's Third Point topped AR's list of brand-name funds with double digits gains for the year.
That success has continued in 2011. The Third Point Offshore Fund is up 9.5% for the year through May, and the firm recently announced it will soon close to all new investments following a rapid rise in assets to $7.2 billion.
»» AR profiled $1.8 billion Pine River Capital Management, which was founded in a rural Minnesota cabin in 2002 with $5.3 million.
Pine River has since flourished, growing to $4.4 billion as of May. The flagship multistrategy vehicle, Nisswa Fund, is up 8.32% through May, according to the AR Database (full stats available).
Five years ago
»» Steve Bardack, a senior technology analyst at Canyon Capital Advisors, left the $8.1 billion Los Angeles hedge fund shop to start technology long/short equity firm Strata Capital Management.
Since inception, the flagship Strata Fund has produced a net annualized return of 7.08%, according to the AR Database (full stats available). The flagship Strata Fund managed $86.5 million as of December.
AR profiled Canyon in its June cover story, “Canyon’s capital matters.”
»» Stenham Asset Management's SGL Gold fund of funds was up 11.19% in April on the back of a 25-year high for the precious metal.
Gold, of course, would continue to rise, and the firm would benefit. Stenham has produced a net annualized return of 15.04%, according to the AR Database (full stats available).