Top 50 Hedge Funds 2009

Below is a list of the Top 50 Hedge Funds for 2009. (Based on 2009 YTD Performance):

Fund	Country of Domicile	2009 YTD Return
GJ Investment Funds	USA	594.00%
LaGrange Special Situations Yield	Cayman Islands	457%
CKP Masters Aggressive Program	Switzerland	257%
LaGrange Capital Partners	USA	218%
Gaia Resources Fund	Cayman Islands	215%
Group G Investments	British Virgin Islands	202%
BTR Global Energy Fund	Cayman Islands	193%
RAB Northwest Warrant Fund	Cayman Islands	192%
Russian Prosperity B	Cayman Islands	189%
Russian Prosperity C	Cayman Islands	187%
Constellation Fund Equities	USA	186%
Russian Prosperity A	Cayman Islands	184%
Prosperity Cub	Cayman Islands	181%
Senvest Partners	Cayman Islands	179%
MMA Multigestion Emergents	France	176%
Vltava Sicav	Malta	173%
Troika Russia Fund	Cyprus	168%
Dynamic Power Hedge	Cana	160%
Kaltchuga Fund	British Virgin Islands	161%
Loyola Capital Partners	USA	158%
Salida Multi Strategy	USA	156%
AUK Capital Partners	USA	154%
Loyola Capital Fund	USA	154%
FAMA Brazil Challenger Equity	Cayman Islands	150%
Gerbino Gold Group	USA	147%
Victoire Selection Brazil	Cayman Islands	147%
Polo Fund	Cayman Islands	143%
Olesen Capital	USA	142%
ALphaNorth Partners Fund	Canada	142%
UFG Russia Alternative Fund	Cayman Islands	142%
GFTC New Value Trust	Canada	141%
Thunder Silver Partners	USA	140%
The Prosperity Quest Fund	Cayman Islands	140%
Zhongyuan Licai Hongli Longying Trust	China	137%
Golden China Fund	Cayman Islands	137%
Front Street Candian Energy Fund	Canada	136%
Ocean Star Fund	China	136%
Southridge Partners	USA	136%
Andromeda Global Credit	USA	135%
Golden China US Fund	Cayman Islands	135%
Investcorp Silverback Arbitrage	USA	135%
Barnegat Fund	Bermuda	132%
Concise Capital Offshore Fund	Cayman Islands	132%
Meridian Glb Gold & Resources	British Virgin Islands	130%
Elevated Value Focus	USA	127%
Thunder Gold Partners	USA	127%
FPP Yellow Tiger China Fund	Cayman Islands	126%
India Synthetic Warrant Fund	Guernsey	125%
Skopos Fund	Cayman Islands	124%
CAAM Invest	Luxembourg	124%

You will notice that most of the best performing hedge funds in 2009 are commodity and emerging markets funds.

Worst Performing Hedge Fund Strategies 2009 (YTD)

The worst performing hedge fund sectors for YTD (through June 30, 2009):

#1. Short Biased -5.20%
#2. Market Neutral +4.74%
#3. Europe +5.02%
#4. Merger Arbitrage ++5.33%

Source: Hennessee Group

Note that all hedge fund strategies, with the exception of short biased, outperformed the Dow and S&P500.

Best Performing Hedge Fund Sectors of 2009 (YTD)

The best performing hedge fund sectors for YTD (through June 30, 2009):

#1. Latin America (LATAM) +26.05%
#2. Convertible Arbitrage +21.48%
#3. Distressed +17.16%
#4. Multiple Arbitrage +16.20%

Source: Hennessee Group

Interestingly, only the top 3 hedge fund strategies above even beat the NASDAQ's 16.36% return YTD.

Overall, the index is up 11.74% through the first half of the year, beating all the major US equity indeces, except for the NASDAQ.