Passport and Citadel among other big winners for the year
By Meena Divani
A turbulent 2007 provided opportunity for hedge fund firms Paulson & Co., Citadel Investment Group and Passport Capital, which took top honors in the third annual Absolute Return Awards competition.
John Paulson, whose Paulson & Co. has jumped to $28 billion in assets with huge returns, capped a remarkable year with five nominations and an unprecedented three awards, including the important new award for Management Firm of the Year.
Citadels Ken Griffin also took top honors for another new award the Long Term Performance Award based on the past 10 years returns. The firms Kensington Global Strategies had a stellar performance and a Sharpe ratio over that long period unmatched by even a strong set of nominees.
This years Fund of the Year Award went to Passport Global Strategy, run by John...