Funds to watch
Fri Apr 27, 2007
Each year, Absolute Return uncovers some of the most talented small managers and gives them a piece of the big firms' spotlight. Some have never picked up a phone to solicit investment, but in all cases, their performance should speak for itself. They are undiscovered no more
Absolute Return's annual take on tomorrow's
By Josh Friedlander
It takes money to make money, or so the saying goes. The
hedge fund equivalent is that it helps to have money if you
want someone to give you more. As our recent Billion Dollar
Club showed, though hundreds of billions of dollars are
invested each year, most seem to go to the top shops. About
$1.2 trillion is held by the top 241 firms, and the top 70 held
more than $5 billion apiece. While many of the biggest funds
have impressive track records, evidence abounds that small is
beautiful, too. Sometimes even more beautiful. As PerTrac
Financial Solutions noted in a March report, Examination of
Fund Age and Size and Its Impact on Hedge Fund Performance,
"smaller and younger funds tend to generate greater monthly
returns than do older and larger hedge funds, although smaller
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