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 investors.
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 assets.
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 Management
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.