Comments (9)

Jan 13, 2022 - 2:29pm

Depends what strategy 

MM high single digit to high teens most years

Distressed debt high single digit 

Tiger Cubs usually Nasdaq return minus 500-1,000 bps, though since November 2021 the new run-rate IRR is -20% per month

  • Research Analyst in HF - Other
Jan 13, 2022 - 4:54pm

sounds high for MM, would say HSD to low teens are considered good year. MSD is a average/non texceptional year. high teens are outliers?

  • Intern in IB-M&A
Jan 13, 2022 - 2:52pm

Most hedge funds dont report performance in terms of IRR.

However I interned at a few value L/S (usually operating with slight long bias, ~$1-3bn) shops which compounded anywhere between 10-12%. I also know of a tiger grand cub with a few years of perf #'s that has annualized returns >50%.

I would say HSD/LDD is great for HF that run a sizable short book. 20%+ is great regardless of strategy but more common amongst growth/tech investors who might have more exposure to riskier factors.

  • Analyst 3+ in IB - Cov
Jan 15, 2022 - 2:13pm

Most hedge funds dont report performance in terms of IRR.

This is comically false.  Wtf are you even talking about.  Literally every single hedge fund with institutional investors reports IRR.

  • Intern in IB-M&A
Jan 15, 2022 - 5:39pm

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