AR Awards 2010

Venue: Mandarin Oriental Hotel
Location: New York
Dates: Thursday, 18 November 2010 - Thursday, 18 November 2010

The AR Awards identify the best performing US hedge fund managers based on riskadjusted returns. The awards are regarded as the most prestigious and accurate in the industry, with last year's event attracting many of the largest hedge fund firms to host tables at the event. Over 350 hedge funds, investors and other industry professionals will come together to celebrate the achievements of the best performing funds of the previous year at this stylish and prestigious event. Book your table now!


Nomination Criteria and Categories

The aim of the AR Awards is to recognise hedge funds based in the Americas, which have produced the best risk-adjusted returns over a 12-month period with awards being presented across a variety of strategy areas.
 

What are the nomination criteria for each award?

To be considered for an award, funds must have at least a 12-month track record and either submit performance data directly to the AR Database or via investors who verify the accuracy of the return record. The only exception to this rule is for the new fund award where we only require a minimum
six-month track history; for this award, funds launched during the 18 months prior to the event will be considered, taking into account their whole performance history to date.

Winners are decided using an established methodology based upon a combination of Sharpe ratios and returns over the relevant time period (see below). 

Nominations are decided by those funds that achieve the strongest Sharpe ratios over 12 months prior to the event, from October 2009 through the end of September 2010, so long as they also beat the median returns in their relevant peer groups.

The eventual winners will be funds which achieve the best returns, as long as they also achieve Sharpe ratios within 25% of the best among the nominees and are within 10% of their high-water mark.

Most of the main award categories require a minimum asset level of at least $500 million, although the asset size for new funds – given their shorter records since inception – is set lower at $100 million.

The criteria for the best management firm award will be based on weighted average returns and Sharpe ratios, and growth over the year, and will only consider groups running at least three funds and combined assets of at least $2 billion.

The fund with the best long-term performance will be based on annualized returns and Sharpe ratios over 5 years, and will be restricted to funds running at least $1 billion.

Fund of the Year overall will take into account the winners of all the various categories, as well any other funds with exceptional performance which may have missed out on other awards by being narrowly outside the range on Sharpe ratio. Nominees for Fund of the Year will not be announced until the evening of the event.
 

What period of time do the awards cover?
The AR Awards year runs from October 2009 to September 2010. Provisional nominations are released in early September, and final nominations will be released in October after September performance data has been submitted. The Fund of the Year nominees will not be announced until the night of the awards.
 

What categories will be awarded? 

 

U.S. EQUITY
Minimum assets: $500m 

 
GLOBAL EQUITY
Minimum assets: $500m

 
SPECIALIST EQUITY
Minimum assets: $250m

 
EMERGING MARKET EQUITY
Minimum assets: $500m

 

ARBITRAGE & CONVERTIBLES
Minimum assets: $500m


 EVENT DRIVEN
Minimum assets: $500m

 
GLOBAL MACRO
Minimum assets: $500m

 
MULTISTRATEGY
Minimum assets: $500m

 
MANAGED FUTURES
Minimum assets: $500m

 
FIXED INCOME & MORTGAGE-BACKED SECURITIES
Minimum assets: $500m

 
HIGH YIELD & EMERGING MARKET DEBT
Minimum assets: $500m

 
DISTRESSED SECURITIES
Minimum assets: $500m

 
LONG TERM PERFORMANCE
Funds with track records of at least 5 years and assets of over $1bn

 
NEW FUND OF THE YEAR
Minimum assets: $100m

 
MANAGEMENT FIRM OF THE YEAR
Groups running at least three funds and combined assets of over $5bn

 
FUND OF THE YEAR
Minimum assets: $500m

 

In order to be included in the nomination process, your fund should appear in the AR Database. To check that your fund is included, contact:
 
Amal Robleh

E: arobleh@hedgefundintelligence.com
T: +44 (0) 20 7779 7365