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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.

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Sofiane Gharred (back row, centre) and his team at Selwood celebrate their win

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.

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Gladstone’s George Michelakis (right) accepts his prize

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.

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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

  • Gladstone Lasker

EUROPEAN EQUITY – under $500m

  • Kuvari Focus

GLOBAL EQUITY

  • Greenvale Capital

SPECIALIST EQUITY

  • Gladiator

EQUITY MARKET NEUTRAL & QUANTITATIVE STRATEGIES

  • ABCA Reversion

CONVERTIBLES & VOLATILITY

  • Blue Diamond Non-Directional

EVENT DRIVEN & DISTRESSED

  • Caius Capital

CREDIT – under $500m

  • Astra Structured Credit Investments

CREDIT– over $500m

  • Selwood Liquid Credit

FIXED INCOME

  • HP Hedge

SPECIALIST FINANCE

  • Omni Secured Lending

COMMODITY & CURRENCY

  • Premium Currencies

MACRO

  • Aspect Systematic Macro

EMERGING MARKETS

  • Enko Africa Debt

MULTI-STRATEGY

  • AlphaGen Multi-Strategy

MANAGED FUTURES

  • John Street Vantage Strategy

UCITS FUND – EQUITY STRATEGIES

  • TM Sanditon European Select

UCITS FUND – MACRO, FIXED INCOME & RELATIVE VALUE

  • Montlake Crabel Gemini

EMERGING MANAGER & SMALLER FUND – EQUITY STRATEGIES

  • Sierra Europe Offshore

EMERGING MANAGER & SMALLER FUND – MACRO, FIXED INCOME & RELATIVE VALUE

  • GreshamQuant – ACAR

NEW FUND OF THE YEAR

  • Adrigo Small & Midcap L/S

LONG TERM PERFORMANCE (5 years) – EQUITY STRATEGIES

  • Kairos Pegasus

LONG TERM PERFORMANCE (5 years) – MACRO, FIXED INCOME & RELATIVE VALUE

  • Northlander Commodity Advisors

LONG TERM PERFORMANCE (10 years) – EQUITY STRATEGIES

  • Marshall Wace – MW Eureka

LONG TERM PERFORMANCE (10 years) – MACRO, FIXED INCOME & RELATIVE VALUE

  • Danske Invest Hedge Fixed Income Strategies
  • VR Global

MANAGEMENT FIRM OF THE YEAR

  • Selwood Asset Management

FUND OF THE YEAR

  • Gladstone Lasker

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Selwood, Gladstone lead EuroHedge Awards winners on EuroHedge.


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