Among funds at least 10 years old, that's a feat only 18% of funds achieved. IBD compared the performance of 3,673 funds that have been around for at least 10 years and found that. Hedge funds that actively buy and sell stocks are set for their worst performance in 10 years, based on new data from Preqin, suggesting that the tide may be turning against. While the S&P 500 lost 37 per cent in 2008, hedge funds struggled through the year to lose 19 per cent. That counts as outperformance, but it was not enough to save the hedge funds. And, over the last 10 years (since 2010), hedge funds have underperformed the SPX by from 8.6% to 12.8% annualized, and were a drag of from 2.1% to 3.1% within a hedge fund protected portfolio, compared to the ... crashes (hedge funds’ performance ranged from -26.7% to 14.1%, compared to the SPX’s -37% in 2008, while a. Elliot Management is considered one of the best hedge funds internationally. It has a 55-year-long history with over $50 billion in assets under management. It won the awards for both Multistrategy Hedge Fund Manager of the Year and Institutional Hedge Fund Manager of the Year in 2022. The firm targets certain sectors — energy in particular.