Key Takeaways
- • The Hedge Fund Journal held its inaugural Europe 50 Performance Awards on 21 March 2013, recognizing 14 hedge funds across multiple strategies based on quantitative metrics including Sharpe ratios and risk-adjusted returns for 2012 performance.
- • Europe 50 constituent firms collectively manage approximately 25% of global hedge fund assets, making the survey and awards a significant benchmark for the continent's largest asset managers.
- • Top-performing funds spanned diverse strategies: Brevan Howard captured two awards (Commodities Strategies and Emerging Market Strategies), while Henderson Global Investors, Man, and Cheyne Capital also achieved multiple category wins across equity, macro, and credit strategies.
- • Award winners included AlphaGen Volantis (UK Long/Short Equity), AHL Evolution (Managed Futures), JABCAP Global Balanced Fund (Multi-Strategy), and Pharo Macro Fund (Macro Discretionary), demonstrating strong 2012 performance across geographically and strategically diverse European managers.
- • The Europe 50 survey itself represented the 7th edition of The Hedge Fund Journal's ranking of Europe's largest managers by assets under management, establishing the awards framework as an institutional performance benchmark for European hedge fund investors.
Summary
The Hedge Fund Journal inaugurated its Europe 50 Performance Awards on 21 March 2013 at The Avenue in Mayfair, London, recognizing exceptional hedge fund performance across 14 award categories. The awards ceremony marked a formal recognition program tied to the publication's Europe 50 survey, now in its 7th edition, which ranks Europe's largest asset managers by assets under management.
The Europe 50 constituent firms collectively manage nearly 25% of global hedge fund assets, positioning this survey and awards program as a significant institutional benchmark for measuring European hedge fund performance. Awards were determined using quantitative methodology focused on Sharpe ratios and risk-adjusted returns, ensuring winners demonstrated superior performance relative to volatility during 2012.
The winners reflected strong performance across multiple strategies and asset classes. Brevan Howard secured two awards: Best Performing Commodity Fund (Brevan Howard Commodities Strategies Fund) and Best Performing Emerging Markets Macro Fund (Brevan Howard Emerging Market Strategies Fund). Other notable winners included AlphaGen Volantis from Henderson Global Investors (Best Performing UK Long/Short Equity), AHL Evolution from Man (Best Performing Managed Futures), JABCAP Global Balanced Fund from Jabre Capital Partners (Best Performing Multi-Strategy), and Pharo Macro Fund (Best Performing Macro Discretionary). Additional category winners spanned credit strategies, currency, and relative value approaches, demonstrating the diversity of investment styles among Europe's largest managers.
The awards encompassed specialized categories including long/short credit, relative value credit, macro systematic and risk parity strategies, and regulatory capital debt funds, reflecting the breadth of hedge fund strategies deployed by major European asset managers. This inaugural awards program established a formal quantitative framework for recognizing institutional-grade performance, providing asset allocators with a standardized basis for evaluating European hedge fund managers across comparable risk-adjusted metrics.
The Europe 50 constituent firms collectively manage nearly 25% of global hedge fund assets, positioning this survey and awards program as a significant institutional benchmark for measuring European hedge fund performance. Awards were determined using quantitative methodology focused on Sharpe ratios and risk-adjusted returns, ensuring winners demonstrated superior performance relative to volatility during 2012.
The winners reflected strong performance across multiple strategies and asset classes. Brevan Howard secured two awards: Best Performing Commodity Fund (Brevan Howard Commodities Strategies Fund) and Best Performing Emerging Markets Macro Fund (Brevan Howard Emerging Market Strategies Fund). Other notable winners included AlphaGen Volantis from Henderson Global Investors (Best Performing UK Long/Short Equity), AHL Evolution from Man (Best Performing Managed Futures), JABCAP Global Balanced Fund from Jabre Capital Partners (Best Performing Multi-Strategy), and Pharo Macro Fund (Best Performing Macro Discretionary). Additional category winners spanned credit strategies, currency, and relative value approaches, demonstrating the diversity of investment styles among Europe's largest managers.
The awards encompassed specialized categories including long/short credit, relative value credit, macro systematic and risk parity strategies, and regulatory capital debt funds, reflecting the breadth of hedge fund strategies deployed by major European asset managers. This inaugural awards program established a formal quantitative framework for recognizing institutional-grade performance, providing asset allocators with a standardized basis for evaluating European hedge fund managers across comparable risk-adjusted metrics.
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