Absolute UCITS Awards

Venue: London Stock Exchange
Location: London
Dates: Wednesday, 15 June 2011 - Wednesday, 15 June 2011

HedgeFund Intelligence is pleased to announce that the inaugural Absolute UCITS Awards will take place on the 15 June at the London Stock Exchange. The Awards will honour the best performing risk adjusted funds of the past 12 months and will be announced during a champagne reception. Please call +44 (0) 20 7779 8999 to book your ticket!


Top fund managers lead the list of winners at first Absolute UCITS Awards

 

Odey Asset Management led the line-up of winners at the first Absolute UCITS Awards last night, which were presented at a champagne reception and awards ceremony held on 15 June 2011 at the London Stock Exchange.

The CF Odey UK Absolute Return fund, which is managed by James Hanbury, won the top award for Fund of the Year. The fund produced the best returns in European equity at 27.94% during the 12-month qualifying period from May 2010 to April 2011.

European equity is by far the biggest category in the UCITS absolute return fund universe.

The first Absolute UCITS Awards paid recognition to those funds that achieved the best risk-adjusted performance (based on Sharpe ratios as well as outright returns) across a range of strategy areas, using the same methodology as applied successfully over a number of years by other HedgeFund Intelligence publications such as EuroHedge, with wide acceptance in the industry.

The other winners reflected a broad range of players including: institutional firms such as Insight Investments and Amundi; hedge fund boutiques such as Ennismore and Tiburon; and firms based on the European continent such as Lupus alpha of Germany and Syquant of France (manager of the Helium Opportunities fund) as well as firms based in the UK.

Joy Dunbar, Editor of Absolute UCITS, comments: "Absolute return UCITS funds are growing exponentially with assets under management trebling in 2010 to $90.5 billion from $30.3 billion in the previous year.

"Against this very strong industry growth we were delighted to honour the big success stories at our inaugural Absolute UCITS Awards."


The complete list of winners in the eight award categories is as follows:

EUROPEAN EQUITY
Ennismore European Smaller Companies

GLOBAL EQUITY
Vitruvius US Equity Portfolio

ASIA & EMERGING MARKET EQUITY
Tiburon Taipan

ARBITRAGE & MULTI-STRATEGY
Helium Opportunities

EQUITY MARKET NEUTRAL & QUANT
Amundi Funds Equity Statistical Arbitrage

FIXED INCOME, CREDIT & EMERGING MARKET DEBT
Absolute Insight Credit

MACRO, COMMODITIES & MANAGED FUTURES
Lupus alpha Commodity Invest

FUND OF THE YEAR
CF Odey UK Absolute Return