Bloomberg is reporting on January 16th 2007 in this article that two of the largest hedge funds, Steve Cohen's SAC Capital Advisors LLC and Kenneth Griffin's Citadel Investment Group LLC, substantially beat the 2006 performance of their hedge fund peers with returns in excess of 30%. SAC is reported to have returned 34% and Citadel north of 30%. Congratulations to both of these mega hedge funds on their superior returns.

This article also includes information that the average hedge fund was said to have increased by 13% during 2006 after average gains of 9.3 percent in 2005. By comparison, the S&P 500 Index was up 15.8 percent in 2006.