EuroHedge Awards 2005

Venue: The Natural History Museum
Location: London
Dates: Thursday, 19 January 2006 - Thursday, 19 January 2006

The annual EuroHedge Awards Dinner for 2005, the big night when the European hedge fund industry gathered to give recognition to the top achievers of the year, was held for the fifth time again in the famous 'dinosaur hall' of the Natural History Museum in London on 19 January.


Children's Investment Fund triumphs again at EuroHedge Awards

(LONDON, 19th January 2006) The Children's Investment Fund, managed by Christopher Hohn, took the plaudits of the industry by winning the Fund of the Year award for an unprecedented second year in a row at the annual EuroHedge Awards for 2005. In only its second year of trading, the Children's fund delivered an even better return than in 2004 of over 50%.

 

The annual EuroHedge Awards was held for the fifth time on 19 January at the Natural History Museum in London, and was attended by nearly 800 leading figures in the European hedge fund industry. The awards again honoured the top risk-adjusted performers of the year.

Other big winners on the year included Lansdowne Partners, which won the fiercely contested Management Firm of the Year award, as well as another award for the second year running for its UK equity fund, an award that was shared this time with the MPC Pilgrim fund.

While many previous winners were nominated again, the only other repeat winner this time from 2004 was the Millennium Global High Yield fund, which won again in the High Yield and Distressed category.

IKOS Partners also won two awards for the year, in Statistical Arbitrage and Macro, as did Capital Fund Management of Paris, which won in Managed Futures with its Discus fund and in Multi-Strategy with Stratus.

EuroHedge Awards 2005 Winners and Final Nominations

European Small Caps

Ennismore European Smaller Companies, GAM European Small Cap, Maga Smaller Companies, MLIM UK Emerging Companies, Old Mutual UK Specialist, Polar Capital European Smaller Companies

*** WINNER ***

Ennismore European Smaller Companies

Presented by Bear Stearns


UK Equity

GAM UK Equity, GLG Alpha Select, Lansdowne UK Equity, MPC Pilgrim, RAB UK Equity

*** WINNER ***

Lansdowne UK Equity & MPC Pilgrim

Presented by Credit Suisse 


European Equity (up to $500m)

Absolute Return Europe, Catella Hedgefund, GO Global Opportunities, Lucerne Capital Offshore, Sloane Robinson Global Europe

*** WINNER ***

GO Global Opportunities

Presented by Société Générale Corporate & Investment Banking


European Equity (over $500m)

Adelphi Europe, Antares European, Cantillon Europe, Gradient Europe, Leonardo Capital

*** WINNER ***

Antares European

Presented by UBS

Global Equity

Carnegie Worldwide, Horseman Global, Lansdowne Global Financials, Sloane Robinson Phoenicia, Tell

*** WINNER ***

Sloane Robinson Phoenicia

Presented by Dresdner Kleinwort Wasserstein


Emerging Market Equity

Griffin Eastern European Value, Hermitage, Sloane Robinson Global Emerging, Thames River Nevsky

*** WINNER ***

Hermitage

Presented by Morgan Stanley

Event Driven

Altima Global Special Situations, Caroussel, Cheyne Special Situations, Laxey Value Catalyst,The Children's Investment Fund, TT Event-Driven

*** WINNER ***

The Children's Investment Fund

Presented by Citigroup

Convertibles & Equity Arbitrage

Cheyne Leveraged, CQS Convertible & Quantitative Strategies, Plexus, Sark

*** WINNER ***

Sark

Presented by Credit Suisse

Statistical Arbitrage & Quantitative

Affinium, Concordia Capital Class F, IKOS Equity Hedge, Ventus Statistical Arbitrage

*** WINNER ***

IKOS Equity Hedge

Presented by Lehman Brothers

Mixed Arbitrage & Multi-Strategy

Brummer & Partners Helios, F&C Amethyst, Metage Global Strategies, Plutus Valorem,Stratus Multi-Strategy

*** WINNER ***

Stratus Multi-Strategy

Presented by Merrill Lynch

Macro

BlueCrest Strategic, Brummer & Partners Latitude, IKOS Financial, Julius Baer Global Rates, Mangart Global

*** WINNER ***

IKOS Financial

Presented by Crédit Agricole Alternative Asset Management (CAAAM)

Fixed Income

Brummer & Partners Nektar, Julius Baer Diversified, London Diversified, SEB Hedgefund Fixed Income

*** WINNER ***

London Diversified

Presented by Barclays Capital

Credit

Alpstar European Credit, Elgin Corporate Credit, Ilex Credit, NewSmith European Credit, Trafalgar Recovery

*** WINNER ***

Trafalgar Recovery

Presented by JPMorgan

High Yield & Distressed

Barep Global Credit, Denholm Hall Russia Arbitrage, Millennium Global High Yield, Spinnaker Global Strategic, Thames River Hillside Apex

*** WINNER ***

Millennium Global High Yield

Presented by Lehman Brothers

Managed Futures

BlueTrend, Discus Managed Futures, Harmonic Global Currency, IKOS Currency, Man AHL Diversified

*** WINNER ***

Discus Managed Futures

Presented by Fimat

New Fund of the Year - Equity Strategies

Adelphi European Small-Cap, AlphaGen Tucana, Ecofin Global Utilities, Parvus European Absolute Opportunities, Pygar Fund, RAB Emerging Europe

*** WINNER ***

Parvus European Absolute Opportunities

Presented by Goldman Sachs

New Fund of the Year - Arbitrage, Relative Value & Macro

Fortis Investments Convertible Arbitrage, GSA Capital International, Lansdowne Macro, Pardus European Special Opportunities, Shooter Multi-Strategy

*** WINNER ***

Fortis Investments Convertible Arbitrage

Presented by Morgan Stanley

Management Firm of the Year

BlueCrest, Brummer & Partners, IKOS, Julius Baer, Lansdowne, Sloane Robinson

**** WINNER ***

Lansdowne Partners

Presented by Deutsche Bank

Fund of the Year

GO Global Opportunities, Gradient Europe, Hermitage, The Children's Investment Fund

*** WINNER ***

The Children's Investment Fund

Presented by HSBC

Background & Decision Criteria

To qualify, funds must submit their data to the EuroHedge database, which captures about 90% of all European funds.

For the main categories, funds need to meet a minimum asset average of $200 million over the past 12 months, with the exception of the European Small Caps, Statistical & Quantitative Arbitrage, Credit, Mixed Arbitrage & Multi-Strategy and High Yield & Distressed awards - where the minimum level is set at $100 million.

The Sharpe Ratio is used to select the nominees. The best performer amongst the nominees then wins each award, providing the fund's Sharpe Ratio is within 25% of the best Sharpe Ratio in the category.

The New Fund of the Year categories, as well as overall Fund of the Year and the Management Firm of the Year, do not lend themselves to a Sharpe Ratio comparison, so we use an array of other quantitative measures to decide these awards.