Initial nominees for 2012 Absolute Return Awards include JANA, Marathon, Third Point

By Rob Copeland

Tue Dec 4, 2012

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Bridgewater, Pine River, SPM also among elite group prospering in 2012.


[ Update: Click here for the FINAL nominations]

  
  York Capital Management's Jamie Dinan accepts his trophy at the 2011 AR Awards. The York Credit Opportunities Fund won for the award for long-term performance (10 years).
(Photo:John Marolakos for AR)
We are honored to present initial nominations for the 2012 Absolute Return Awards (full list below), to be held February 12 at Gotham Hall in the heart of New York City. For the first time, we are holding the industry's most prestigious, independent, quantitatively-driven awards after the start of the new year, based not only on a 12-month period (as in previous years) but on the full 12 months of calendar year performance in 2012.

As in previous years, the awards are aimed at trying to identify the funds with the best risk-adjusted returns--meeting the twin aims of hedge funds to not both deliver strong performance and manage volatility. (For a fuller description of the methodology please take a look at our nomination criteria.)

This year, we have also added a hotly-contested emerging manager category to recognize smaller funds with fewer than $500 million in assets.

For those who missed this initial cut, hope is not lost. As these first nominations are based on only 10 months worth of performance figures, we expect the end tally to be different--in some strategies, perhaps considerably--after the returns for November and December are also taken into account. A second round of nominations will be released in early January and the final list later that month based on the full year 2012 data.

One final reminder: Absolute Return does not consider who talks the loudest at conferences, speaks at the most endowment meetings, or nabs the most fetching spouse. These awards are based strictly on risk-adjusted performance. Complete information on the judging methodology is available here.

May the best fund win.

To submit your firm's performance for consideration, please contact:

Amal Robleh
Data & Research Associate
(212) 224-3403
arobleh@hedgefundintelligence.com

For further information about the event or to learn about sponsorship opportunities, please contact:

Sumehr Sondhi
Business Development Manager
(212) 224-3275
ssondhi@absolutereturn.net

Table reservations are available here

2012 Absolute Return Awards

Preliminary nominees:

ARBITRAGE & CONVERTIBLES

Capstone Volatility

Parallax

Waterstone Market Neutral

Wolverine Flagship

CREDIT & HIGH YIELD

400 Capital Credit Opportunities

BlueMountain Credit Alternatives

Brevan Howard Credit Catalysts

King Street Capital

MKP Credit

DISTRESSED

Contrarian Capital

Hildene Opportunities

Knighthead

Marathon Special Opportunity

York Credit Opportunities

EVENT DRIVEN

ECF Value

JANA Offshore

Litespeed Partners

Pentwater Event

Third Point Offshore

FIXED INCOME & MORTGAGE-BACKED

Candlewood Structured Credit

LibreMax Partners

Metacapital Mortgage Opportunities

Pine River Fixed Income

SPM Structured Servicing Holdings

GLOBAL EQUITY

To be announced.

GLOBAL MACRO

Alphadyne International

Bridgewater All Weather

MKP Opportunity

MANAGED FUTURES

Black River Commodity Trading

Crabel

QIM Quantitative Global Program

MULTISTRATEGY

Beach Point Total Return

Citadel Wellington

Hudson Bay

Pine River Master Fund

SPM Core

SPECIALIST EQUITY

Dorsal Capital Partners

JANA Nirvana

Renaissance Institutional Equities

Visium Balanced

U.S. EQUITY

Lakewood Capital Partners

Force Capital II

Marcato International

Stelliam

NEW FUND OF THE YEAR

Nominees to be announced next month

EMERGING MANAGER & SMALLER ($100m - $500m)

Bowery Opportunity

HG Vora Special Opportunities

LJM Fund

Midway Market Neutral

Mudrick Distressed Opportunity

North Star Partners

LONG TERM PERFORMANCE (5 years)

Halcyon Offshore Asset Backed Value

Hudson Bay

Providence MBS

SPM Structured Servicing Holdings

LONG TERM PERFORMANCE (10 years)

King Street Capital

Millennium International

SPM Structured Servicing Holdings

York Credit Opportunities

MANAGEMENT FIRM OF THE YEAR

JANA Partners

MKP Capital Management

Pine River Capital Management

Structured Portfolio Management

FUND OF THE YEAR

Nominees to be announced on the night

ISSN: 2151-1845 / CDC10004H