The latest HSBC Hedge Weekly report showed minor changes on the overall top performing funds. A new top returning fund on the HSBC list is the Two Seas Global Fund from Two Seas Capital, with +45.74% gains YTD. In the underperforming group, there were no changes, with Exponential Age Digital Asset Fund remaining at the bottom with -31.14%.
Read the latest hedge fund letters here.
Top 10 Performers
- Equitile M3 Fund: 82.92% YTD Returns
According to Equitile’s website, the firm describes its investment approach as “pragmatic, Darwinian, investment process designed to adapt to the ever-changing economy.” The fund focuses on equities with a market cap of over $5 billion.
- Penta Japan Value Fund: 75.15% YTD Returns
Old Peak Group’s Japan Value Fund, with its high gains, is delivering strong gains for several consecutive years. Since the last report its performance reached +75.15% pushing into second place.
- Alken Capital Class J: 70.02% YTD Returns
Alken Capital and its private debt-oriented fund, in its latest report, disclosed a slight drop from +72.37% to +70.02%.
The fund’s gains came from European mid-caps, with a focus on the UK, France, and Germany. Current large holdings (although not the drivers of returns this year) are Signet Jewelers,
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