Hedge Funds Review

European Single Manager Awards 2012 shortlist announced
26 Apr 2012

The Hedge Funds Review 12th Annual European Single Manager Awards 2012 published shortlist reflects outstanding performances by managers in one of the most difficult years for hedge funds.

Despite one of the worst years for performance ever, a myriad of European single manager hedge funds have proven themselves and are included on the shortlist for Hedge Funds Review European Single Manager Awards 2012.

The awards seek to honour those hedge funds that bucked the trend and achieved outstanding performance. Now in their 12th year, the awards reflect both qualitative and quantitative aspects of hedge funds.

The accolades recognise a variety of individual strategies that showed outstanding performance in 2011, including long/short equity, event driven, global macro, fixed income, credit/distressed, equity market neutral, foreign exchange, global emerging markets and many others.

Alternative Ucits performance awards will highlight outstanding performance in a range of strategies as well as the best launch of the year.

The judging panel, chaired by Hedge Funds Review editor Margie Lindsay, is impartial and unbiased. It seeks to reward genuine performance and success. Funds were assessed not only of their overall performance but also against peers using a variety of criteria.

The judging panel for the 2012 awards are William Benjamin, global head of research at HSBC Alternative Investments; Chris Jones, head of alternatives at Bfinance; Tushar Patel, chief investment officer and managing director at HFIM; and Matthew Roberts, senior investment consultant, manager research, at Towers Watson.

Winners will be announced at a black-tie dinner on May 17 at the Royal Gardens Hotel, Kensington, London.

12th Annual European Single Manager Awards 2012 shortlist

One year performance:

Best convertible arbitrage/volatility hedge fund
CC Athena OS Fund (Conservative Concept Portfolio Management)
Kohinoor Core Fund (36 South Capital Advisors)
Man Tail Protect (Man Investments/GLG Partners)

Best credit/distressed hedge fund
Winner to be announced on the night

Best equity market neutral hedge fund
Absolute Insight UK Equity Marketing Neutral (Insight Investment )
Melchior European Fund (Dalton Strategic Partnership)
Old Mutual Global Statistical Arbitrage Fund (Old Mutual Asset Managers (UK))
Saemor Europe Alpha Fund (Saemor Capital)

Best event driven hedge fund
Cheyne European Event Driven Fund (Cheyne Capital Management)
Dexia Index Arbitrage (Dexia Asset Management)
OVS Capital Fund (OVS Capital Management)

Best fixed income hedge fund
Brummer & Partners Nektar (Brummer & Partners)
Dexia Long Short Credit (Dexia Asset Management)
G7 Fixed Income Fund (Aviva Investors)

Best foreign exchange hedge fund
Winner to be announced on the night

Best global macro hedge fund
BlueBay Macro Fund (BlueBay Asset Management)
Fixed Income Macro Fund (Aviva Investors)
MaxQ Fund (North Asset Management)
MKP Opportunity (MKP Capital Management)

Best long/short equity hedge fund
DNB TMT Absolute Return (DNB Asset Management)
Melchior European Fund (Dalton Strategic Partnership)
Trafalgar Copley Fund (Trafalgar Capital Management (UK))

Best managed futures hedge fund
Brevan Howard Systematic Trading Master Fund (BH-DG Systematic Trading)
CCP Quantitative Fund (Cantab Capital Partners)
Global Diversification (1741 Asset Management)
SEB Asset Selection (SEB Investment Management)
Winton Futures Fund (Winton Capital Management)

Best multi-strategy hedge fund
Winner to be announced on the night

Best sub-$ 100m hedge fund
Cumulus Energy Fund (PCE Investors)
GLG Technology Fund (Man Investments/GLG Partners)
IMC European Long/Short Credit Fund (IMC Asset Management)
TCS Apollo Absolute Return Strategy (The Cambridge Strategy)
Varus Fund (Heieck Siebrecht Capital Advisors)

Hedge fund of the year
Winner to be announced on the night

Long-term performance:

Best directional hedge fund over three years
GAM Convertible Bond Hedge Fund (GAM)
Rretro (WyeTree Asset Management)
Trafalgar Copley Fund (Trafalgar Capital Management (UK))
Winton Futures Fund (Winton Capital Management)

Best non-directional hedge fund over three years
Absolute Insight EMD Fund (Insight Investment)
Brummer & Partners Nektar (Brummer & Partners)
Diva Synergy (Bernheim, Dreyfus & Co)
G7 Fixed Income Fund (Aviva Investors)

Best directional hedge fund over 10 years
AHL Alpha (AHL)
Avoca Credit Alpha Fund (Avoca Capital)
Winton Futures Fund (Winton Capital Management)

Best non-directional hedge fund over 10 years
Winner to be announced on the night

Alternative Ucits

Best equity long/short alternative Ucits fund
BNY Mellon Absolute Return Equity Fund (BNY Mellon Asset Management)
Dexia Index Arbitrage (Dexia Asset Management)
DNB TMT Absolute Return (DNB Asset Management)
Melchior Selected Trust European Absolute Return Fund (Dalton Strategic Partnership)

Best relative value alternative Ucits fund
Winner to be announced on the night

Best macro alternative Ucits fund
Absolute Insight Currency Fund (Insight Investment Management (Global))
BlueBay Emerging Market Absolute Return Bond Fund (BlueBay Asset Management)
Brevan Howard Emerging Markets Local Fixed Income Fund (Brevan Howard)
Global Diversification (1741 Asset Management)

Best sub-$ 100m alternative Ucits fund
Dexia Global Alpha (Dexia Asset Management)
DNB ECO Absolute Return (DNB Asset Management)
GLG EM Equity Alternative Fund (Man Investments/GLG Partners)
Ithuba Macro Opportunity Fund (Ithuba Capital)
Nomura Macro Commodity Strategy (MaCS) Fund (Nomura Alternative Investment Management (Europe))
Old Mutual Global Equity Absolute Return Fund (Old Mutual Asset Managers (UK))

Best new alternative Ucits fund
BNY Mellon Absolute Return Equity Fund (BNY Mellon Asset Management)
Cantab Quantitative Ucits Fund (Cantab Capital Partners)
Diva Synergy Ucits (Bernheim, Dreyfus & Co)
GLG European Alternative Fund (Man Investments/GLG Partners)
Ithuba Macro Opportunities Fund (Ithuba Capital)
Skyline Ucits Fund (Skyline Capital Management)

Qualitative awards (winners to be announced on the night):

Best new hedge fund
Most innovative hedge fund
Best overall group
Best investor relations team
Lifetime achievement (awarded to an individual)
Outstanding contribution to the industry by an institutional investor
Outstanding contribution to the industry (awarded to an individual)

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