EuroHedge Awards 2006
Venue: Grosvenor House Hotel
Dates: Thursday, 25 January 2007
Thursday, 25 January 2007
Parvus European Absolute Opportunities, a long/short European equity fund run by former Mercury Asset Management / Merrill Lynch Investment Managers star Edoardo Mercadante, took the plaudits of the European hedge fund industry by winning the Fund of the Year award at the annual EuroHedge Awards, held on 25 January at the Grosvenor House Hotel in London.
In doing so, Parvus became the successor to The Children's Investment Fund, which was Fund of the Year in both of the previous two years at the EuroHedge Awards. Given that Parvus is an affiliate of TCI Fund Management, it also continues the TCI group's remarkable run of successes at the awards.
Other big winners on the year included the GLG Emerging Markets fund, which took away two prizes - for best New Fund of the Year in non-equity strategies, and also for best fund in High Yield, Emerging Markets & Distressed Debt - with a return of just under 60% for the year.
The much-coveted Management Firm of the Year Award was won this time by RAB Capital, reflecting the London-listed firm's tremendous success in achieving the highest weighted outperformance over the EuroHedge medians across its range of products, as well as the fastest rate of growth among the leading firms.