Honoring the best
December 09, 2010
Katrina Dean Allen
Managers who performed well under tough conditions took home trophies at the sixth annual AR Awards dinner.
By Katrina Dean Allen
Photographs by Julio Bedoya
Bridgewater Associates became the firm to beat at the sixth annual AR Awards, held at the Mandarin Oriental in New York City on November 18 to honor those hedge funds that delivered the best risk-adjusted returns during the past 12 months. The $58.2 billion Westport, Conn., firm took home top prizes in the global macro category as well as Management Firm of the Year, the coveted title that has been held by John Paulson’s Paulson & Co. for the past three years.
But Paulson & Co. did not go home empty-handed, with Paulson Advantage capturing the Long-Term Performance Award, the same category in which its Paulson International fund was nominated last year. Canada’s Sprott Capital took home the evening’s big prize for Fund of the Year for the first time, thanks in part to its cannily timed investments in gold stocks....
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