Penta Japan Value Fund Tops HSBC Hedge Fund Rankings With 63.06% YTD Gains

The last HSBC report had cemented Alken Capital Class J in first place for some time, with data from some funds not being updated. This week's report shows new data from top performers, pushing Penta Japan Value Fund in the first place, with Alken in close second.

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Second funds from Equitile and Wellington Management, M3, and Bermuda Pond A/1 surged into the top 10 lists, showing success on a firm level. The underperforming list had one change, with Tulip Trend Fund showing improved results. In its place came the Distressed Opportunity strategy from Mudrick Capital.

Top 10 Performers

1. Penta Japan Value Fund: 63.06% YTD Returns

Old Peak Group's Japan Value Fund, with its high gains, is one of the leaders in the industry. In the last report with data from June, the fund was in second place, generating a 45.84% return. However, once the fresh data showed it pushed to first place with 63.06% YTD gains.

Also see: Top Hedge Fund Performers After Eight Months: Clear Leaders Emerge

2. Alken Capital Class J: 62.26% YTD Returns

Alken Capital and its private debt-oriented fund are continuing their performance, ripping through the year. Compared to the last report, the fund continued to surge this time, moving from 55.58% to 62.26% YTD gains.

Mid-cap exposure is prevalent in the fund’s strategy, followed by large and small-cap companies. Geographically, France, Germany, and the UK are on top, while when looking at a sector level, priorities lie in Industrials and Communication Services.

Signet Jewelers, Western Digital, Micron Technology, and Pitney Bowes are the big positions that are driving the returns.