Key Takeaways
- • Lipper announced the winners of its inaugural Hedge Fund Awards in London, with over 3,600 eligible funds competing for eighteen awards across European and Offshore domiciles.
- • Fifteen portfolio managers were rewarded, with Thalia SA, Gems Management and UG Investment Advisers each winning in two categories.
- • Awards were based on Lipper's quantitative fund rating methodology, ranking funds by Effective Return over the twelve months ending 31 December 2007.
- • Lipper's Global Head of Research, Dr Gabriel Burstein, said hedge fund assets under management continued to grow significantly in 2007 despite a very difficult year across markets.
- • A second awards event recognising North American hedge funds will take place in New York on 9 April.
Summary
Lipper announced the winners of its first Hedge Fund Awards in London, recognising managers across European and Offshore fund domiciles. According to the publisher's release, more than 3,600 funds were eligible for the eighteen awards, and fifteen portfolio managers were honoured. Thalia SA, Gems Management and UG Investment Advisers each won two categories.
European winners included Transtrend B.V. (Diversified Transtrend Program Enhanced Risk EUR, CTA/Commodity Trading Advisors), Mango Capital Management (Emerging Markets), Thalia SA (Event Driven and Fixed Income Arbitrage, via GHF Sicav funds), Lombard Odier Darier Hentsch & Cie (Global Macro, LODH Multiadvisers), Veritas Asset Management (UK) Ltd (Long/Short Equity, Real Return Asian EUR), Prim'Alternative Investment SA (Managed Futures, Prim'EssenCiel), and Gems Management Ltd (Multi-Strategies, Gems Recovery Portfolio).
Offshore winners included UG Investment Advisers (Convertible Arbitrage, UG Great Wall Hidden Value Ltd; and Long Only Undervalued Assets, UG Hidden Dragon Ltd), China Alpha Investment Management (Emerging Markets), Arkos Capital SA (Equity Market Neutral), Vision Capital Advisors LLC (Event Driven), MKP Capital Management LLC (Fixed Income Arbitrage), Pivot Capital Management (UK) Ltd (Global Macro), Passport Capital LLC (Long/Short Equity Global Strategy), Progressive Capital Partners Ltd (Managed Futures), and Gems Management Ltd (Multi-Strategies, Gems Perennial Segregated Portfolio).
Lipper's Burstein said the awards are based on Lipper's quantitative fund rating methodology and recognise the combined return and risk achievements of hedge fund managers. Winners were determined by the highest Effective Return within each eligible Lipper Global Classification, consistent with Lipper's mutual fund award methodology. Only classifications with at least ten eligible funds received awards. Calculations used US dollars for the Offshore universe and euros for the European universe, over the twelve months ending 31 December 2007. A separate North American awards event is scheduled for New York on 9 April.
European winners included Transtrend B.V. (Diversified Transtrend Program Enhanced Risk EUR, CTA/Commodity Trading Advisors), Mango Capital Management (Emerging Markets), Thalia SA (Event Driven and Fixed Income Arbitrage, via GHF Sicav funds), Lombard Odier Darier Hentsch & Cie (Global Macro, LODH Multiadvisers), Veritas Asset Management (UK) Ltd (Long/Short Equity, Real Return Asian EUR), Prim'Alternative Investment SA (Managed Futures, Prim'EssenCiel), and Gems Management Ltd (Multi-Strategies, Gems Recovery Portfolio).
Offshore winners included UG Investment Advisers (Convertible Arbitrage, UG Great Wall Hidden Value Ltd; and Long Only Undervalued Assets, UG Hidden Dragon Ltd), China Alpha Investment Management (Emerging Markets), Arkos Capital SA (Equity Market Neutral), Vision Capital Advisors LLC (Event Driven), MKP Capital Management LLC (Fixed Income Arbitrage), Pivot Capital Management (UK) Ltd (Global Macro), Passport Capital LLC (Long/Short Equity Global Strategy), Progressive Capital Partners Ltd (Managed Futures), and Gems Management Ltd (Multi-Strategies, Gems Perennial Segregated Portfolio).
Lipper's Burstein said the awards are based on Lipper's quantitative fund rating methodology and recognise the combined return and risk achievements of hedge fund managers. Winners were determined by the highest Effective Return within each eligible Lipper Global Classification, consistent with Lipper's mutual fund award methodology. Only classifications with at least ten eligible funds received awards. Calculations used US dollars for the Offshore universe and euros for the European universe, over the twelve months ending 31 December 2007. A separate North American awards event is scheduled for New York on 9 April.
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