Funds to Watch

Five to watch


Tough market conditions turn out a crop of hearty young funds, with double digit returns in the midst of turmoil.

Clockwise from top left: Gregory Weaver, Patrick Galley, Syed Ali and Steve Hornstein.
(Illustrations by Joe Morse)
By Lawrence Delevingne & Suzy Kenly

Skepticism proved to be the winning hedge fund strategy in 2008, but 2009 required managers to switch to an entirely different mindset. Casting fear aside & going all-in on the market’s resurgence last year took nerves of steel, but that gutsiness paid off handsomely for those who took the plunge, as AR’s seventh annual Funds to Watch attests.

Not everyone had the courage. This year’s crop is a smaller group than