InvestHedge Awards for Investor Excellence 2012

Venue: The British Museum
Location: London
Dates: Wednesday, 03 October 2012 - Wednesday, 03 October 2012

The InvestHedge Awards recognise the best risk-adjusted performance of funds of hedge funds globally . This year, the InvestHedge Awards will be held in conjunction with the InvestHedge Forum, making a single must-attend event for hedge funds and the investor community. The Awards will continue to recognise risk-adjusted performance but, in line with the industry's development, will also include categories for seeding, innovation, customisation, UCITS and longer-term risk-adjusted performance, as well as reward top institutional investors for their use of hedge funds. Contact Ian Sanderson to reserve your table: isanderson@hedgefundintelligence.com / +44 (0) 20 7779 7354


SSARIS wins three prizes at InvestHedge Awards


Click here to view the winners

Some 300 of the leading players in the global fund of hedge funds industry came together at the Great Court in the British Museum in London for the ninth annual InvestHedge Awards on 3 October.

The majority of the awards were given for the best risk adjusted performance among the global fund of hedge funds universe over the last five years, a period when the global fund of hedge funds industry as a whole was down 6.8% but there were still many individual funds that delivered robust positive returns. In line with the move towards more direct institutional allocations, InvestHedge also rewarded hedge funds, consultants and funds of funds that have, according to mandates tracked by InvestHedge, won verifiable institutional mandates, as well as long term performance awards.  

SSARIS Advisors walked away with three awards, including group of the year, an accolade it had also won previously in 2008.  Pinnacle Asset Management took the prestigious Fund of the Year for its flagship Pinnacle Natural Resources Fund. 

The nominees for Fund of the Year were unveiled at the Award ceremony in London on 3 October 2012 and included ACL Alternative Fund, Bornhoft Group Multi-Manager Program, Persistent Edge China Partners and Trading Capital Holdings.  

SSARIS Multi-Manager Relative Value Strategy won the Arbitrage category that it had also won previously in 2007 and 2008, and the firm also took the Global Multi-Strategy category for funds with assets of more than $1 billion with its SSARIS Multi-Manager Absolute Return Strategy – a fund that had that won in the smaller longer term GMS categories in 2009 and 2010.

Nineteen awards were handed out to 17 different fund of funds groups in 18 categories, with the new Consultant of the Year Award being split between Albourne Partners for hedge fund selection and NEPC for FoHF selection.  Collectively the firms that between them had 62 nominations manage hedge fund assets of more than $250 billion. In previous years there has usually been a roughly 50/50 split between US and European-based winners, but this time 14 out of the 19 awards went to firms based in the US. 

InvestHedge continued to impose a criterion that saw most nominees having to be within 10% of their high water mark. The main exception was the 10 and 20 year awards – longer periods over which it was considered it was more appropriate to consider the total returns. 

For funds with less than $1 billion in assets, GAM Multi-Emerging Markets won the 10 Year Award, while for funds of funds with more than $1 billion Corbin Pinehurst Partners took home the prize. Among the nominees for the new 20 Year Awards were two funds of funds with more than 40 year track records, Haussmann holdings and Leveraged Capital Holdings, but over 20 years it was Aurora Limited Partnership that won the prize. 

Fixed Income & Credit went to Lighthouse Credit Opportunities Fund that had won this award previously in 2006 and 2010, while Aurelian Global Resources took home the Commodities & Natural Resource Award. LCF Rothschild took home the Global Macro prize, which Trading Capital Holdings had also won previously in 2007 and 2009. The Managed Futures accolade went to the Bornhoft Group Multi-Manager Program. 

In the equity biased awards, Persistent Edge China Partners took home the Asian & Emerging Markets Award, while Magnitude US Partners won the US Strategies Award for performance over five year. 

The flagship Global Multi-Strategy Award continues to have many high calibre candidates in the three categories ranked by firms of different asset sizes. Jim Melcher's Balestra Spectrum Partners won the smaller category of GMS funds with assets of $100 million to $500 million, while SkyBridge Multi-Adviser Hedge Fund Portfolios won the prize for multi-strategy funds with assets of $500 million to $1 billion. 

Bridgewater Associates won the inaugural institutional hedge fund award, which was decided by the most mandates by number and value as tracked by InvestHedge, as well as by composite performance. Meanwhile, Blackstone Alternative Asset Management saw the greatest asset growth over five years to win the re-instated Institutional FoHF Award.