A new year has started, and a new HSBC Hedge Weekly report shows changes from the prior year. While the Hedge Weekly analysis showed the strengths of digital-asset funds in 2024, 2025 has been a different story.
Read hedge fund letters here
The pack leader comes from 14B Capital. Quantedge Global Fund finished 2024 in ninth place, while Lansdowne Developed Markets Long Only Fund was coming in and out of the top 10 list over the year. For the rest of the analysis and detailed economic parameters, stay with us.
| Rank | Fund Name | Management Company | YTD Returns (%) | AUM (in millions) | Performance Insights |
| 1 | 14B Investment Fund LLC | 14B Capital | 11.04 | $200 | Finished 2023 as a third top performer with 63.16% returns. |
| 2 | QMS Diversified Global Macro | QMS Capital Management | 7.98 | $596 | Returns in 2022 26.56%, in 2024 4.14%. |
| 3 | Equitile Resilience Fund | Equitile Investments | 7.83 | $211 | In 2021 29.68% returns, followed by -31.7% in 2022. In 2024 returns were 12.21%. |
| 4 | Renaissance Institutional Equities Fund International | Renaissance Technologies LLC | 7.39 | $1.766 | Solid 2024 with 22.29% gains. |
| 5 | Quantedge Global Fund | Quantedge Capital | 7.35 | $4.537 | 2019 gain 70.44%, 2022 -21.29%, 2023 29.71%, 2024 30.68%. |
| 6 | Alken Capital One Class J | Alken Asset Management | 6.25 | $117 | 2020 negative gain of -46.05%. 2021 and 2022 finished with 44.71% and 21.31%. |
| 7 | Lansdowne Princay Fund | Lansdowne Partners | 5.90 | $79 | Finished 2021 with 22.2%, 2023 with 22.94%. |
| 8 | Lansdowne Developed Markets Long Only Fund | Lansdowne Partners | 5.89 | $1.516 | Delivered 19.66% in 2023 and 22.3% in 2024. |
| 9 | Aquilus Inflection Fund LTD | Aquilus Management | 5.78 | $469 | Went into the red in 2022 with -16.03. In 2023 and 2024 it delivered 17.55%, and 8.29%, respectively. |
| 10 | North Peak Capital Partners | North Peak Capital | 5.20 | $806 | Finished 2020 and 2021 with 23.3%, and 29.02%, respectively. In 2022 went into the negative with 43.22%. |
1. 14B Investment Fund LLC - 11.04% YTD Returns
The hedge fund is managed by 14B Capital Management which was founded by Ilya Zaides in 2022. They aim to identify companies for long-term capital generation. Part of their strategy is to focus on companies undervalued by the market and with businesses that have stalled or significantly deteriorated but still have all the chances for a profitable turnaround. The fund's AUM is $200 million, and in 2023 they finished in third place of top-performing funds.
You can see more exclusive info on 14B's recent letter to investors here.
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