The ten top-performing hedge funds of 2011

Hedge funds faced a mixed year in 2011 as markets took a sharp turn for the worse, but a number of multi-billlion dollar portfolios still shone, according to the latest annual release from Bloomberg Markets Magazine.

The figures show the world's largest hedge funds achieved returns ranging from 45% to 16.9% during 2011, with a variety of strategies delivering the alpha investors were seeking.

The top performing fund, Tiger Global, is run by Charles Payson Coleman III. Having delivered 18% in 2010, Tiger Global delivered an impressive 45% in the first ten months of 2011.

The $6bn hedge fund is top of the large hedge funds category, covering hedge funds with assets of over $1bn.

The top ten

Fund                 Manager                                Assets       Return

• Tiger Global    Chase Coleman/Feroz Dewan    $6bn         45%
• Renaissance    Peter Brown/Robert Mercer       $7bn         33.1%
• Pure Alpha II   Ray Dalio                                     $53bn       23.5%
• Discus               Capital Fund Mgmt                      $2.5bn      20.9%
• Providence      Russell Jeffrey                              $1.3          20.6%
• Oculus              David Shaw                                  $7bn         19%
• All Weather     Ray Dalio                                     $4.4bn       17.8%
• Dymon Asia     Danny Young                               $1.6          17.8%
• Citadel              Ken Griffin                                   $11bn       17.7%
• Coatue              Philippe Laffont                            $4.7bn      16.9%