Citadel climbs to top as big winner at 2012 Absolute Return Awards
Ken Griffin's Citadel emerged as the runaway winner at the 2012 Absolute Return Awards last night picking up three trophies including the coveted Fund of the Year prize.
The Chicago multistrategy firm, which last won an Absolute Return accolade in 2007, erased any lingering memories of its financial crisis struggles by beating out D. E. Shaw, Metacapital, Third Point, Tiger Global and Tilden Park for the evening's top honor.
Pine River Capital Management waltzed into its fourth Absolute Return Award in style, accepting Management Firm of the Year for the first time.
And in one of the evening's biggest surprises, newcomer Karya Capital Management beat out recent offerings from big name firms Canyon Capital Advisors, GoldenTree Asset Management and Lombard Odier Asset Management for New Fund of the Year.
This year's gala ceremony and dinner was held at New York City's Gotham Hall, where the 300+ attendees mingled and witnessed the presentation of 18 awards recognizing the best in risk-adjusted performance.
Click here to view the final nominations and winners.
Read more about the Awards on Absolute Return: