New York (HedgeCo.net) – With global equity markets struggling mightily in 2016, the hedge fund industry as a whole has gotten off to a tough start this year. However, there are some funds and fund strategies that are bucking the trend.
According to a recent report from HSBC, the average managed futures fund tracked by the firm is up 4.17% so far in 2016. Many managed futures funds employ a trend following system and use computer algorithms to make the investment decisions. With the trend for many asset classes being to the downside, the computer-driven models seem to be working the best.
Here’s a list of the funds with a return of 5% or more on the year:
• Passport Special Opportunities Fund LTD Class AA (equity-diversified/global): +16% in January
• Conquest Macro Fund LTD (managed futures): +15.97% through February 2
• Tulip Trend Fund, LTD -A (managed futures): +12.41% in January
• Roy G. Niederhoffer Diversified Offshore Fund (managed futures) +11.72% through February 3
• Cantab Capital Partners Quantitative Fund (managed futures) +8.41% through January
• Horseman Global Fund (equity-diversified/global) +8.09% in January
• Bluetrend Fund LTD (managed futures): +7.48% in January
• Renaissance Institutional Diversified Alpha (multistrategy) +7.25% in January
• Odey European (equity-diversified/Europe): +7.16% in January
• Renaissance Institutional Equities LP (equity-diversified/USA) +6.89% in January
• GSA Trend Risk Premia Fund (managed futures) +6.71% in January
• AAM Absolute Return Fund (equity-diversified/global): +6.66% through January
• Lynx Bermuda 1.5 LTD (managed futures) +6.07 through February 2
• Millburn Commodity Program (commodity-systematic/global) +5.95% in January
• ISAM Systematic Trend Fund Class Q (managed futures) +5.71% through January 29. The fund was up more than 15% in 2015.
• Saba Capital Offshore Fund (credit) +5.65% through January 22
• Millburn Diversified Program (managed futures) +5.54% through February 2
• Campbell Global Assets Fund LTD Class B (managed futures): +5.33% through February 2
• QMS Diversified Global Macro (managed futures) +5.24% in January
