Hedge fund performance is a point of fascination for investors and market observers. For all their complexity and sophistication, hedge fund returns have lagged the S&P 500 index in each of the past five years. Critics see this as evidence that hedge funds are not worth their fees.
The results of the Americas Awards 2013 may go some way to answering these detractors.
A portfolio consisting of the winning funds in the one-year single manager performance categories would have returned nearly 25% i