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, as it won the AsiaHedge Fund of the Year award for 2011 at a glittering industry dinner in Hong Kong on October 20.
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.
AsiaHedge is celebrating the 10th anniversary of the AsiaHedge Awards this year, and to commemorate that, a new award--The AsiaHedge Long Term Performance award—was instituted. Aptly enough, Value Partners Classic--a fund managed by Cheah Cheng Hye's Value Partners, one of the longest running asset management firms in Asia, emerged as the proud 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.
Combating what are perhaps one of the toughest market conditions of the century, the sentiment was one of strength and determination at the 10th AsiaHedge Awards Dinner, 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 risk adjusted performance basis, which eliminates any element of subjectivity."
"As we mark the 10th anniversary of the AsiaHedge Awards, I can't help but marvel at the amazing strides the Asian hedge fund industry has taken. The industry today is truly institutionalised, with several world-class managers, and long-term institutional capital making its way steadily into the region," noted Aradhna Dayal.
"The AsiaHedge award winners undoubtedly deserve an applause, having successfully gleaned alpha from a variety of strategies amidst such volatile markets, and are a testament to the industry's maturity," added Dayal.
A full list of winners for the 2011 AsiaHedge awards is as follows:
FUND OF THE YEAR
MANAGEMENT FIRM OF THE YEAR
LONG TERM PERFORMANCE (10 years)
Value Partners Classic Fund
NEW FUND OF THE YEAR
Oracle Investment Fund
ARBITRAGE & MARKET NEUTRAL
Amazon Market Neutral
ASIA EX JAPAN
CC Asia Absolute Return
ASIA INC JAPAN
Macquarie Asian Alpha Fund
Zeal China Fund
Owl Creek Asia Fund
FIXED INCOME, HIGH YIELD & DISTRESSED
Attunga Agricultural Trading Fund
Ginga Service Sector Fund
MACRO & MANAGED FUTURES
Quantedge Global Fund
LIM Asia Special Situations Fund
Zambezi Absolute Return
SMALL & MID CAP
Frontier Asia Fund