Gladstone Capital Management and Selwood Asset Management led the line-up of winners at the EuroHedge Awards for 2018, which were announced at a gala dinner in London on Thursday. The big night was attended by more than 600 leading industry figures at Grosvenor House in Mayfair.
Following a challenging year for the industry, the list of winners was notable for the number of newer and less familiar firms appearing on the podium.
Selwood, the fast-growing credit specialist formed by ex-Chenavari partner Sofiane Gharred in 2015, claimed the coveted Management Firm of the Year award after all three of its main strategies were nominated for awards – with the firm’s flagship Selwood Liquid Credit fund winning a remarkable third successive victory in credit in each of its first three years in operation.
-Gladstone’s Lasker fund – run by founder George Michelakis since 2006 – took the overall Fund of the Year prize after winning a European equity award for the second time running.
In doing so, Gladstone joined an elite club comprising only Lansdowne and BlackRock as winners of back-to-back victories in long/short equity in two successive years – an achievement that was all the more impressive in view of the very different market conditions that prevailed in 2017 and 2018.
-In recognition of the fact that 10 years had elapsed since the crash of 2008, this year’s EuroHedge Awards included for the first time additional Long Term Performance Awards over a 10-year period – as well as the five-year awards that have been a long-standing feature of the ceremony.
-
Marshall Wace’s MW Eureka fund, managed by co-founder Sir Paul Marshall, won the 10-year award for equity strategies – while the category for macro, fixed income and relative value strategies was shared by two winners with outstanding 10-year absolute and risk-adjusted returns, Michael Petry’s Danske Invest Hedge Fixed Income Strategies fund and Richard Deitz’s distressed and emerging markets-focused VR Global strategy.
The winners of the five-year Long Term Performance awards were Kairos Pegasus in equity strategies, and energy specialist Northlander Commodity Advisors in the macro, fixed income and relative value category.
EuroHedge Awards 2018: The Winners
EUROPEAN EQUITY – over $500m
EUROPEAN EQUITY – under $500m
GLOBAL EQUITY
SPECIALIST EQUITY
EQUITY MARKET NEUTRAL & QUANTITATIVE STRATEGIES
CONVERTIBLES & VOLATILITY
EVENT DRIVEN & DISTRESSED
CREDIT – under $500m
CREDIT– over $500m
FIXED INCOME
SPECIALIST FINANCE
COMMODITY & CURRENCY
MACRO
EMERGING MARKETS
MULTI-STRATEGY
MANAGED FUTURES
UCITS FUND – EQUITY STRATEGIES
UCITS FUND – MACRO, FIXED INCOME & RELATIVE VALUE
EMERGING MANAGER & SMALLER FUND – EQUITY STRATEGIES
EMERGING MANAGER & SMALLER FUND – MACRO, FIXED INCOME & RELATIVE VALUE
NEW FUND OF THE YEAR
LONG TERM PERFORMANCE (5 years) – EQUITY STRATEGIES
LONG TERM PERFORMANCE (5 years) – MACRO, FIXED INCOME & RELATIVE VALUE
LONG TERM PERFORMANCE (10 years) – EQUITY STRATEGIES
LONG TERM PERFORMANCE (10 years) – MACRO, FIXED INCOME & RELATIVE VALUE
MANAGEMENT FIRM OF THE YEAR
FUND OF THE YEAR
Selwood, Gladstone lead EuroHedge Awards winners on EuroHedge.