Small Hedge Funds Record Big Gains In 2013

This was a great year for activist hedge funds. Barry Rosenstein’s Jana Partners, Mick McGuire’s Marcato, Carl Icahn, Larry Robbins’ Glenview, Nelson Peltz’ Trian Partners – all have gained decent numbers so far. Put another way, overall long/short equity strategy did the best in 2013. Credit Suisse Long/Short Equity AllHedge Index was up 15% through the end of November. HFRX Equity Hedge Index gained 9.77% in the same period. Small hedge funds, big gains Just like most years, this was a great time for some small hedge funds. We have noted the eye-popping returns that Japan-focused hedge funds have gained this…