Adage also nabbed the top spot in alpha generation in a tie with Baupost, as both firms had perfect scores of 10. Rounding out the top three in alpha generation, Elliott ranked third with a score of 9.50, while Renaissance received the category's lowest ranking with a score of 3.80.
Ranked solely on infrastructure, Bain/Brookside leads the pack, with a score of 9.67, followed closely by Bridgewater with 9.59 and York with 9.50. TPG-Axon got the lowest score, 5.67.
The decline of the importance of independent oversight, now ranked third, is a sign that many investors tend to have a short memory when markets begin to rebound, according to investors. In that category, Bain/Brookside...