"Young Turk" Okumus Sits Atop Hedge Fund Leaderboard

A “young Turk,” as Forbes magazine once called him, has taken the lead in the HSBC hedge fund sweepstakes.

Ahmet Okumus, who knew as a young trader hanging out at the Istanbul stock exchange he wanted to be a hedge fund trader, is atop the leader HSBC hedge fund leader board. Okumus Opportunistic Value Fund, LTD Class C, is on top of the HSBC HedgeWeekly report, besting Pershing Square after the Bill Ackman-led fund launched an initial public offering and his stock price has floundered.

Okumus beats Merchant Commodity Fund for top position

The 44-year old Okumus is a research-focused manager with $445 million in the Opportunistic Value Fund, which...