Hedge Funds

Lyster Watson launches hedge fund ranking system


Lyster Watson & Co., a hedge fund advisory firm that oversees more than $1.3 billion in assets, announced it is launching a hedge fund ranking system that examines risk, return and strategy performance to identify the industry's top managers.

The patent-pending system, called Lyster Watson True Alpha, looks at more than 3,000 hedge funds across a range of strategies and gives positive rankings to funds that outperform their strategy and negative rankings to funds that underperform. The system takes into account how much risk a manager took and how the manager did relative to peers in the same