The 2014 Hedge Fund Report Card

alpha THE HEDGE FUND REPORT CARD Which hedge fund firms made the grade this year in the eyes of investors? In Institutional Investor's Alpha's annual Hedge Fund Report Card survey, investors evaluated firms on eight key attributes. Here's a glimpse at the best and worst performers this year. 2014 RANKING FIRM SCORE GRADE 1 Silver Point Capital Greenwich, CT: 86.63 2 Third Point 85.76 New York, NY) 3 Adage Capital Mgmt 82.95 Boston, MA; 4 Elliott Mgmt Corp. 82.40 New York, NY 5 Citadel 82.27 Chicago, IL) 6 Perry Capital 81.82 New York, NY 7 Davidson Kempner Capital Mgmt New York, NY: 81.78 8 CQs 81.00 A London, UK; RANKING FIRM SCORE GRADE| 44 BlueCrest Capital Mgmt London, UK) 67.48 F 45 Eton Park Capital Mgmt 66.99 F New York, NY: 46 Bain Capital 62.73 F Boston, MA; 47 Cerberus Capital Mgmt 61.53 F New York, NY: BEST FOR: Alpha Generation: Silver Point Capital Risk Management: Baupost Group Alignment of Interests: Silver Point Capital Transparency: Silver Point Capital Liquidity of Terms: Third Point Investor Relations: Citadel Infrastructure: Independent Oversight: Third Point D. E. Shaw & Co. To view the full Hedge Fund Report Card ranking, visit www.institutionalinvestorsalpha.com alpha