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
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).