An under-the-radar hedge fund is ruling the industry with a nearly 30% return this year so far, and it's more than doubling its bet on gold.
by nearly 180% to $38 million by the end of the second quarter, making it the biggest position the fund holds. The ramped-up wager could be a defensive play against more market turbulence ahead.
CNBC used Symmetric.io to find those hidden gems from nearly 1,000 hedge funds in its database with this proprietary indicator of performance called StockAlpha. The scores stemmed from comparing the performance of equities in the funds with that of a sector exchange-traded fund.
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