It seems the world of hedge funds is as fickle as Hollywood. Just ask Israel Englander of Millennium Partners.

Santa Barbara, Calif.-based hedge fund firm Alpha Titans has booted Millennium from its list of hedge-fund stars and replaced it with Ray Dalio’s Bridgewater Associates, which manages $70 billion in assets and is the world’s biggest hedge fund.

Documents obtained by The Post provide a window into the performance of Dalio’s Pure Alpha II, and though the fund year-to-date is up 8.63 percent, it’s only because of November’s stunning 9.42 percent return. Strip that out, and 2009 was a bleak year for the fund, with six of the past 11 months showing negative returns.

Other big-name hedge funds on the all-star list include Ken Griffin’s Citadel, John Paulson’s Paulson & Co, and Paul Tudor-Jones’ Tudor BVI.

Here’s how a few of them performed for November and year-to-date:

Citadel Kensington Global Strategies Fund Ltd. – up 0.50 percent in November and 57.89 percent YTD D.E.

Shaw Oculus Fund – up 0.8 percent in November and 10.7 percent YTD

Tudor BVI Global Fund Ltd. – up 3.93 percent in November and 17.25 percent YTD

SAC Capital International – up 1.44 percent in November and 25.45 percent YTD

Paulson Advantage Ltd. – up 2.90 percent in November and 13.48 percent YTD