Bain Capital is best known as a private equity giant with an impressive record in leveraged buyouts, but it also has a prominent hedge fund business that has ranked among the world’s largest since 2006, according to Alpha’s Hedge Fund 100 ranking. Its global long-short equity hedge fund business, Brookside Capital, has a reputation for steady performance, though it alienated its investors in 2011. Brookside tumbled from a third-place ranking on Alpha’s Hedge Fund Report Card in 2010 to No. 36 in 2011. Investors took issue with the fund’s lagging performance...
