Best Of Hedge Funds In Q1; Mortgage, Pershing Square Lead The Way

As the first quarter of the year ends, quarterly returns of hedge funds are pouring in. Let’s take a look at who performed the best in the first three months of 2014. Among credit focused funds, Bluecrest Multistrategy Credit Fund gained 5.5% in the first quarter, the fund manages $1.7 billion. Paulson Credit Opportunities was up 5.7% in Q1. Canyon Balanced Fund was up 4.4% in the first quarter whereas Hutchin Hill Diversified Alpha was up 5.15%. Mortgage hedge funds are staging a comeback? In the credit category, one of the biggest gainers were seen in funds focusing on mortgage…