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What's a new year without a scoreboard check?
The February issue of Bloomberg Markets Magazine contains its annual ranking of the 100 best performing large ($1 billion-plus AUM) hedge funds of the previous year.
We have the top 30 for you here.
In 2013, only 16 hedge funds were able to outperform the S&P 500, and for the most part those 16 did the same thing — go long stocks all the way.
The number one spot belongs to Larry Robbins, the CEO of Glenview Capital. His fund finished the year on top with an astonishing 84 percent return. While some managers were nervous and held on to cash, Glenview bet that Obamacare would pump up healthcare stocks and ran with that.
For what it's worth, Robbins sees more "underhanded softballs" being thrown all over the stock market in 2014 too.
(Note: Bloomberg Markets' list features the top 100 large hedge funds. The performance numbers are calculated through October 31, 2013)
Blue Harbour Strategic Value Partners (Clifton Robbins)
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Management Firm, Location: Blue Harbour Group, U.S.
Strategy: Activist
Assets (in billions): $1.3
YTD Total Return: +19.8%
2012 Return: +16.2%
Source: Bloomberg
Odey European (Crispin Odey)
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Management Firm, Location: Odey Asset Management, U.K.
Strategy: Macro
Assets (in billions): $2.1
YTD Total Return: +20%
2012 Return: +30.7%
Source: Bloomberg
Serengeti Opportunities Strategy (Joseph La Nasa, Vivian Lau)
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Management Firm, Location: Serengeti Asset Management, U.S.
Strategy: Event driven
Assets (in billions): $1.0
YTD Total Return: +20.3%
2012 Return: +13.4%
Source: Bloomberg
See the rest of the story at Business Insider