With 11 of the 12 months that count now in the record books,
we are delighted to announce the initial nominations for this
year’s AsiaHedge Awards, to be held on 25 October
at the Island Shangri-La Hotel in Hong Kong.
As in previous years, our main aim with the awards is to let
the numbers do the talking. The nominations and eventual
winners will be decided again by a quantitative process which
aims to recognise the twin aims of hedge funds – to
manage volatility and to deliver positive results for
For most categories, minimum asset levels required to
qualify remain unchanged at $50 million, with nominations then
based on outright returns and Sharpe ratios over the 12 months
from September 2011 to August 2012. The winners will again be
those funds that meet the relevant criteria and that achieve
the highest returns – so long as they are also within
25% of the best Sharpe ratios, and within at least 10% of their
Exceptions to the standard criteria include the awards for
new funds (where there is no formal minimum on asset levels),
and for Long-Term Performance and Management Firm of the Year
(where the minimum is much higher, at $500 million).
There is also one new award we have now decided to add this
year – for Best Emerging Manager & Smaller Fund
– for funds of up to $50 million. Following a period
when asset raising has become very difficult, this award aims
to give recognition where it is due to the increasing number of
longer-established quality funds – from across all
strategy areas – that have continued to deliver strong
performance despite not yet attracting larger amounts of
The awards that include funds trading in different strategy
areas – such as Single Country and Fund of the Year
– will also take into account how managers have
performed versus their relevant benchmarks and peer groups.
At this stage, with 11 of the 12 months that count now in
the record books, there is only one month to go before the
nominations are finalised – after the returns are
reported for August. In the September edition of AsiaHedge the
final nominations will be announced, including the contenders
for New Fund of the Year, Long Term Performance and Best
As is traditional, nominations for overall Fund of the Year
will not be announced until the evening of the event itself.
To see the initial nominations, please click here.