Fund launches & closures Hedge Funds Performance

AR highlights five funds up more than 15% this year

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A select group of small, barely known managers are crushing their more established competitors.

  
  Karl Richter of AlphaOne
Whether it’s their small size, drive to succeed, or just plain luck, some small and relatively unknown managers are significantly outperforming their peers this year.

Market volatility in August and September clobbered many hedge funds, included big losses at some of the industry’s largest and best known firms, including Paulson & Co., Maverick Capital and Omega Advisors. The AR Composite Index fell 1.95% in September, putting it down 1.54% for the year.

Amid this turmoil, a select group of small, relatively unknown