In a year where major hedge funds like Citadel and Millennium had solid performances, lesser-known firms stood out with remarkable returns.
Glen Kacher’s Light Street Capital, a California-based firm associated with the late Julian Robertson’s Tiger Management, achieved a 59.4% gain. Kacher, with a keen interest in artificial intelligence, outperformed traditional tech giants with his AI5 basket, which includes companies like Nvidia, Microsoft, AMD, and Broadcom.
David Rogers’ Castle Hook, co-founded with Joshua Donfeld and backed by Stanley Druckenmiller, posted an impressive 60% return. Rogers’ background spans from an investor at George Soros’ family office to leading a fund now managing $4.4 billion.
Amid a booming stock market, Jason Mudrick’s firm, specializing in distressed assets, achieved a 31.7% return. The average credit fund trailed behind with less than 10%. Mudrick Capital also made headlines by investing in the struggling Vertical Aerospace, committing $50 million to the British flying taxi startup.
These under-the-radar hedge funds have demonstrated the capability to outshine their larger, more established counterparts through strategic innovation and timely investments.
Source: Businessinsider
