Hedge fund performance and reported returns
Reported returns of major hedge funds by strategy, 2026 year to date and each calendar year back to 2020 where a dated report exists.
Loading reported returns…
| Data | Series | Provider |
|---|---|---|
| Fund returns | Dated press reports and fund statements | Reuters, Bloomberg, Hedgeweek, Institutional Investor and others |
| Benchmark | S&P 500 total return by calendar year | S&P Dow Jones Indices |
A dash means no verified figure for that period, not a zero return. Different strategies carry different risks.
About this page
Hedge fund performance is reported here by named fund rather than by investment firm. Search the table or filter by strategy to compare the available dated observations, then open a fund profile for history and reporting details.
Coverage is selective and manually updated from verified reports. Missing results stay blank, and returns for different funds, reporting periods or fee bases should not be treated as directly interchangeable.
Institutional Trades follows SEC filings and quarterly portfolio changes. Great Investors explains the investment ideas and histories behind prominent managers; neither holdings nor reputation substitutes for a reported fund return.
Are these live hedge fund returns?
No. Each figure describes the reporting period shown on the page. A prior calendar-year result does not describe performance in the current year.
Are the returns net of fees?
Net returns are used where the report explicitly identifies them. When the fee basis or share class is unspecified, the methodology records that limitation; reported estimates may later change.
How can I compare hedge funds fairly?
Start with the same reporting period and check the fund, strategy and fee basis. A return alone does not show the leverage, liquidity restrictions or risk taken to earn it.
How is the S&P 500 comparison calculated?
The available full-year comparison subtracts the S&P 500 total return for the same calendar year from the reported fund return. The index includes reinvested dividends and no fund fees; the difference is not risk-adjusted.
Why does Pershing Square differ from its share price?
The reported fund return measures net asset value performance, including dividends. Listed shares may trade at a premium or discount to net asset value, so their market-price return can differ.
Where can I see hedge fund holdings?
Institutional Trades shows available SEC disclosures and quarterly portfolio changes. Those filings are delayed snapshots and do not disclose every position or prove a fund’s performance.