There are also some indications that larger funds may be better positioned to weather market downturns.

AQR Capital Management's longest-running strategy had its best year yet in 2020, posting a gain of 43.5% net of fees.

An experienced investor's accurate prediction of the conclusion of easy money has resulted in triple-digit returns for his new hedge fund in its first full year of operation.

Mala Gaonkar's SurgoCap Partners hedge fund launched Tuesday with $1.8 billion in assets under management.