Hedge funds are on track to deliver their best performance in a decade, according to
One of the standouts is a distressed debt fund run by Turnberry Capital International, up 130.69% through October. Another is the Palomino long/short credit fund, up 114.43% through September. Other strategies that are producing standouts this year include convertible arbitrage, emerging markets, corporate bonds and relative value. Still, many hedge funds are struggling since 2008 was one of their worst years ever. The Turnberry fund, for instance, was down 68.71% last year.
Put into that perspective, as