High Win Percentage Doesn't Help Duet Fund In 2013

With a reported trade win percentage near 80%, the Duet Global Plus fund is operating on the high end of the range for hedge fund performance in this key statistic, but overall returns for the fund nonetheless fell short of expectations in 2013, with just a 3.95% annual return, its worst yearly performance in its history, according to an investor letter reviewed by ValueWalk.  The fund’s annualized target is 10% to 15% with a low volatility target of 3% to 4%. The level of downside deviation at 0.47% is also significantly positive as is the worst drawdown of -0.87%, showing…