It is an odd year when credit hedge funds are generally leading the pack in terms of performance, delivering historic year to date returns. Of course, there are idiosyncratic stories of various hedge funds who significantly outstrip the performance of various beta benchmarks. Quantedge Global, a Macro Systematic fund, is a notable example, up 24.81% on the year, more than tripling the average category performance. In a year when the stock market is delivering double-digit performance, equity-focused hedge funds are not the leaders on the HSBC category performance list.

Also see Q3/Q4 2016 Hedge Fund Letters

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