The Top Emerging Hedge Funds: 2010 to 2015

Novus

Research

8 Pages

Novus examines whether smaller hedge funds generate stronger returns by analyzing managers with $100 million to $500 million in publicly filed assets. The paper argues nimble managers often outperform through security selection and position sizing, with some funds adding 160 percentage points from picking alone.

Key Takeaways

Consistent Alpha Generation: Managers scoring 6+ consistency points generated repeated top quartile results across security selection and position sizing from 2010 through 2015.
Small Cap Advantage: Cannell Capital produced more than 160 percentage points of excess return from security selection while maintaining a small and micro cap focus since 1999.
Conviction Driven Returns: Harvey Partners added nearly 100 percentage points through position sizing since 2007, highlighting the value of concentrated bets in emerging managers.
VIEW FULL REPORT

Join our newsletter to have all of this content + Exclusive Newsletter Bonus Content delivered to your inbox every week

Related Content

Alternative Assets
VC Fund Performance Q1 2026
Jun 2026
Alternative Assets
Beyond Bitcoin – The Manager Perspective: Why Digital Asset Benchmarking Is Entering a New Era
Jun 2026
Annual Report
Control the Controllable, Weather the Rest: Private Equity Midyear Report 2026
Jun 2026

The information contained in this communication is of a general nature for informational purposes only, and does not constitute financial, investment, tax or legal advice. The information contained within this communication reflects the opinions of those referenced herein, and do not reflect the opinions of The Idea Farm, L.P. and its affiliates. Such opinions expressed herein are as of the date of production and are subject to change at any time without notice due to various factors, including changing market conditions or tax laws. Where data or information prepared by third parties is presented, no representation, warranty, or undertaking, expressed or implied, is given to the accuracy or completeness of such information by The Idea Farm, L.P. or any other person. While such sources are believed to be reliable, The Idea Farm, L.P. does not assume any responsibility for the accuracy or completeness of such information and does not undertake any obligation to update the information contained herein as of any future date. Any links to third party websites are offered only for use at your own discretion. The Idea Farm L.P., and its affiliates, are separate and unaffiliated from any third parties listed herein and are not responsible for their products, services, policies or the content of their website. All investments are subject to varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy or product referenced directly or indirectly in this communication will be profitable, perform equally to any corresponding indicated historical performance level(s), or be suitable for your portfolio. Past performance is not an indicator of future results.

Scroll to Top