[ Update: Click here for the FINAL nominations]
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| | 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