Across all strategies, all sectors and wrappers, hedge fund performance in 2011 suffered, but it was a quant strategies fund that headlined as the best performing alternative UCITS fund in 2011, according to the Absolute UCITS database.
The Old Mutual Global Equity Absolute Return Fund, which launched in July 2009, returned a stellar 12.6% in 2011 (see earlier story). When the rest of the hedge fund world fared better in 2010, it only returned 26 basis points and the previous year,...