9.16.2009

World's Most Stable Hedge Funds

Below is a list of the most stable hedge funds in the world. The majority of hedge funds meeting the criteria are fixed income / arbitrage funds. The stability rating is based on 5 year returns, 5 year standard deviation of returns, and worst 3 mo. returns. All funds below had positive cumulative 5 year returns and had returns of no worse than -2% in the fund's worst 3 mo. period. Of course, just because a fund has stable, positive returns, does not necessarily indicate it is a safe investment. Recall that Bernard Madoff Securities posted positive monthly returns for 10 straight years with very low volatility. Had Madoff's fund still been active, it would have rated at or near the top of this list.

Most Stable Hedge Funds:

Fund Name

Firm Name

City

State

Stability Rating

Fund Type

Fletcher Income Arbitrage Fund

Fletcher Asset Management

New York

NY

99.45

Debt Arbitrage

Talisman Partners

Envision Capital Management

Scottsdale

AZ

99.35

Distressed Debt

Coast Enhanced Income Fund II

Coast Asset Management

Santa Monica

CA

99.15

Debt Arbitrage

Equity Income Partners

Envision Capital Management

Scottsdale

AZ

98.91

Debt/Fixed Income

AlphaBridge Fixed Income Fund

AlphaBridge

Greenwich

CT

98.69

Fixed Income

YA Global Investors

Yorkville Advisors

Jersey City

NJ

98.22

Debt Arbitrage

FAMA Sniper

FAMA Investors

Grand Cayman

GT

97.99

Emerging Markets

Kassirer Market Neutral

Toronto

ON

97.8

Convertible Arbitrage

DB Equilibria Japan Fund USD

DB Advisors

New York

NY

97.63

Absolute Return

Glazer Offshore Fund

Glazer Capital Management

New York

NY

97.38

Merger Arbitrage

Blackthorn Fund

Blackthhorn Group

Overland Park

KS

97.2

Multi Strategy

Durban Capital

Durban Capital

New York

NY

97.02

Equity Arbitrage

Loch Capital I

Loch Capital

Boston

MA

96.84

Equity

Tuscan Investments

Tuscan Group

San Francisco

CA

96.63

Equity

Winbeldon Fund

Weston Capital

Westport

CT

96.4

Global Equity

Gabelli Associates

Gabelli

Rye

NY

96.22

Equity

Blue Rock Capital Fund

Blue Rock Advisors

Minneapolis

MN

96.05

Fund of Funds

Culross Arbitrage Fund

Culross Global Management

London

UK

95.83

Fund of Funds

MKP Opportunity Offshore

MKP Capital

New York

NY

95.64

Debt Arbitrage

Haberman Value Fund

Haberman Capital

New York

NY

95.45

Equity

AlphaGen Capella Fund Limited

Gartmore Investment Services

Frankfurt

Germany

95.26

Equity

Mac Sentinel Cdn Managed Yield

Mackenzie Investments

Toronto

ON

95.01

Equity Arbitrage

Dexia Double Alpha

Dexia Asset Management

Paris

France

94.81

Fixed Income

Aktie-Ansvar Graal

AktieAnsvar

Stockholm

Sweden

94.68

Equity

BBVA & Partners Eq Arbitrage

Madrid

Spain

94.5

Equity


The above chart is based on our proprietary formula for hedge fund stability. The formula is based on 5 year returns, 5 year standard deviation of returns, and worst 3 mo. period as well as return/volatility ratio. Stable hedge funds do not necessarily indicate safety of investments. The above figures are subject to error and should not be used for making investment decisions under any circumstances.

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