On average, 2013 was a solid but unremarkable year for the hedge fund industry, with the average hedge fund gaining 9.24% during the 12 months. But like any year, there were outliers on the upside and some funds substantially outperformed their peers.

Bets ranged from audacious country calls to asset classes to individual stocks. Here is a selection of some of the themes and positions that proved to be lucrative amongst the hedge fund community last year, and some names of individual managers who rode to success.