According to data compiled by hedge fund data group HFR, the gap between the top and bottom performing hedge funds hit the highest level in 2020 for 11 years.
Q3 2020 hedge fund letters, conferences and more
The data shows that for the 12 months to the end of November, the gap between the top and bottom performing deciles hit 68.9 percentage points, the most significant difference since 2009.
The average performance of the top 10% of hedge funds: 49%.
Hedge fund returns
According to reports, some of the industry's biggest names suffered significant losses in 2020. Jim Simons' Renaissance Technologies lost 33.3% in its Institutional Diversified Alpha fund and 22% in its Institutional Equities fund. Renaissance is widely regarded as being...
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