Hedge Funds

Bay Harbour leads winners at Absolute Return Awards


Bay Harbour Partners, founded by Steve Van Dyke, was named Fund of the Year at the second annual Absolute Return Awards this week.

The awards, which recognize the best risk-adjusted performers of the year among U.S. hedge funds, were held at a dinner on November 27 at Cipriani 42nd Street in New York.

Nominations for the various categories were dominated by some of the biggest brand names in the business, though the winners featured an interesting mix of well-known names together with some lesser-known funds and newer faces from among the younger generation of managers.

Major, established players that picked up