Absolute Return Awards for 2012
Venue: Gotham Hall
Location: New York
Dates: Tuesday, 12 February 2013
Tuesday, 12 February 2013
The Absolute Return Awards identify the best performing US hedge fund managers based on risk adjusted returns. The awards are regarded as the most prestigious and accurate in the industry. 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.
The Absolute Return Awards recognize the best annual risk-adjusted performance among hedge funds based in the Americas and operating a variety of strategies.
What are the nomination criteria?
To be considered for an award, funds must have at least a 12-month track record and either submit performance data directly to the Absolute Return Database or via investors who verify the accuracy of the return record. The only exception to this rule is for the New Fund of the Year award, which requires a seven to 18 month track record.
Funds must also manage at least $500 million, except for Specialist Equity ($250 million minimum) and New Fund of the Year ($100 million minimum).
Nominations are decided by those funds that achieve the strongest Sharpe ratios during the full year of 2012, so long as they also beat the median returns in their relevant peer groups and are also within 10% of their high-water mark. .
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 also within 10% of their high-water mark.
Best Management Firm Award
The criteria for the best management firm award will be based on weighted average returns and Sharpe ratios, and asset growth during the year. To be considered, firms must manage at least three funds and combined assets of at least $3 billion.
Long Term Performance Award
The award for the fund with the best long-term performance will be based on a combination of annualized returns and Sharpe ratios among funds operating for more than 10 years, and will be restricted to funds running at least $1 billion.
Consideration will also be given to 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 with regard to their Sharpe ratios. Nominees for Fund of the Year are announced on the evening of the event.
What period of time do the awards cover?
The Absolute Return Awards year runs from January 2012 through yearend. Provisional nominations are released in early December, and final nominations will be released in mid-January after December 2012 performance data has been submitted.
Arbitrage & Convertibles
Credit & High Yield
Fixed Income & Mortgage-Backed Securities
Long Term Performance
New Fund of the Year
Fund of the Year
Management Firm of the Year
To be considered for a nomination, please ensure that your fund appears in the Absolute Return Database. To check that your fund is included, please contact:
firstname.lastname@example.org+44 (0) 20 7779 7365
For further information on sponsorship opportunities or to book your table, please contact:
+44 (0) 20 7779 7354
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