London, 16 June 2011 - Odey Asset Management led the line-up
of winners at the first Absolute UCITS Awards last night, which
were presented at a champagne reception and awards ceremony
held on 15 June 2011 at the London Stock Exchange.
The CF Odey UK Absolute Return fund, which is managed by
James Hanbury, won the top award for Fund of the Year. The fund
produced the best returns in European equity at 27.94% during
the 12-month qualifying period from May 2010 to April 2011.
European equity is by far the biggest category in the UCITS
absolute return fund universe.
The first Absolute UCITS Awards paid recognition to those
funds that achieved the best risk-adjusted performance (based
on Sharpe ratios as well as outright returns) across a range of
strategy areas, using the same methodology as applied
successfully over a number of years by other HedgeFund
Intelligence publications such as EuroHedge, with wide
acceptance in the industry.
The other winners reflected a broad range of players
including: institutional firms such as Insight Investments and
Amundi; hedge fund boutiques such as Ennismore and Tiburon; and
firms based on the European continent such as Lupus alpha of
Germany and Syquant of France (manager of the Helium
Opportunities fund) as well as firms based in the UK.
Joy Dunbar, Editor of Absolute UCITS, comments: "Absolute
return UCITS funds are growing exponentially with assets under
management trebling in 2010 to $90.5 billion from $30.3 billion
in the previous year.
"Against this very strong industry growth we were delighted
to honour the big success stories at our inaugural Absolute
The complete list of winners in the eight award
categories is as follows:
Ennismore European Smaller Companies
Vitruvius US Equity Portfolio
ASIA & EMERGING MARKET EQUITY
ARBITRAGE & MULTI-STRATEGY
EQUITY MARKET NEUTRAL & QUANT
Amundi Funds Equity Statistical Arbitrage
FIXED INCOME, CREDIT & EMERGING MARKET DEBT
Absolute Insight Credit
MACRO, COMMODITIES & MANAGED FUTURES
Lupus alpha Commodity Invest
FUND OF THE YEAR
CF Odey UK Absolute Return
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For more information, please contact:
Editor, Absolute UCITS
Tel: +44 (0) 20 7779 7358
Toby Bates / Del Jones, Merlin
+44 (0) 20 7726 8400
Armel Leslie, Walek & Associates:
+1 212 889-4113
Sophie Sophaon, Walek & Associates (Hong Kong)
+852.2273.5102 / + 852 6112 7553