Boris Zhitkov/Getty ImagesSmall hedge funds outperformed larger peers in 2025.Funds overseeing less than $100 million led the pack, returning 14.6%, per PivotalPath data.Strong stock-market gains in 2025 favored long-short equity strategies used by smaller funds.Hedge fund managers delivered another strong year in 2025, rewarding investors who poured hundreds of billions of dollars into the industry.Through …

