Hong Kong, 21 October, 2011 – The Ortus Fund, a global macro strategy managed by Joe Zhou’s Hong Kong-based Ortus Capital, took the plaudits of over 250 leading managers and investors in the Asia-Pacific hedge fund industry last night, as it won the AsiaHedge Fund of the Year award for 2011 at a glittering industry dinner in Hong Kong.
The highly-coveted Management Firm of the Year award for 2011 went to George Long’s LIM Advisors, which also took home the award for the best Asian Multi Strategy fund.
To celebrate the 10th anniversary of the AsiaHedge Awards this year, a new AsiaHedge Long Term Performance award was instituted. Value Partners Classic – managed by Cheah Cheng Hye’s Value Partners, one of the longest running asset management firms in Asia – emerged as the proud and appropriate inaugural winner of this award.
The Oracle Structured Credit fund, managed by the former Lehman Brothers team of Leon Hindle and Fredric Teng in Hong Kong, won the hotly contested New Fund of the Year award.
Despite being held against a backdrop of some of the toughest market conditions in recent times, the overriding sentiment at the 10th AsiaHedge Awards dinner was one of strength and determination – given the emergence of Asia as the epicentre of future economic and geo-political growth.
“The AsiaHedge Awards are unique and enjoy a high degree of credibility in the Asian hedge fund space, being the only awards that are driven purely by a quantitative process,” said Aradhna Dayal, editor of AsiaHedge, based in Hong Kong. “Our awards judge funds purely on the basis of risk-adjusted performance, which eliminates any element of subjectivity.”
“As we mark the 10th anniversary of the AsiaHedge Awards, one can only marvel at the amazing strides the Asian hedge fund industry has taken over the years. The industry today is truly institutionalised, with several world-class managers, and long-term institutional capital making its way steadily into the region,” she added.
Dayal continued: “The AsiaHedge award winners fully deserve applause, having successfully generated alpha from a variety of strategies amidst such volatile markets, and they are a testament to the industry’s maturity.”
The full list of winners of for the 2011 AsiaHedge awards is as follows:
FUND OF THE YEAR - Ortus
MANAGEMENT FIRM OF THE YEAR - LIM Advisors
LONG TERM PERFORMANCE (10 years) - Value Partners Classic
NEW FUND OF THE YEAR - Oracle Investment
ARBITRAGE & MARKET NEUTRAL - Amazon Market Neutral
ASIA EX JAPAN - CC Asia Absolute Return
ASIA INC JAPAN - Macquarie Asian Alpha
CHINA - Zeal China
EVENT DRIVEN - Owl Creek Asia
FIXED INCOME, HIGH YIELD & DISTRESSED - Orchard Centar
INTERNATIONAL - Attunga Agricultural Trading
JAPAN - Ginga Service Sector
MACRO & MANAGED FUTURES - Quantedge Global
MULTI-STRATEGY - LIM Asia Special Situations
SINGLE COUNTRY - Zambezi Absolute Return
SMALL & MID CAP - Frontier Asia
AsiaHedge (www.asiahedge.com) is the largest platform for dedicated market intelligence, research, database and events on Asia-Pacific hedge funds. It is a part of UK-based HedgeFund Intelligence, the biggest provider of global hedge fund news, data and events covering over 8,000 active funds (www.hedgefundintelligence.com)
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