Research

Eurekahedge Global Hedge Fund Awards 2019 Profile

The Eurekahedge Global Hedge Fund Awards have been launched with the intent of identifying and celebrating the very best of hedge fund managers in the Americas, Europe, Middle East & Africa (EMEA) and Asia Pacific (APAC) across 45 award categories carefully designed to track key strategic and regional mandates within the global hedge funds industry. In addition to this, we have introduced specialised awards that recognise the performance of new entrants to the industry as well as ‘consistency awards’ for established players that have continued to add value for institutional investors over the years. As a first for the hedge fund industry, the funds are evaluated over the same time period under consideration for all regional awards (Americas, EMEA and APAC) using a consistent methodology that draws on the expertise of our judges who have extensive years of experience allocating institutional money to hedge funds across the globe.

The table below provides an overview of the median performance statistics of the award nominees this year, compared against their peers from their respective regions.

Table 1: Eurekahedge Global Hedge Fund Award nominees’ performance vs. peers

Median

2018 Return

March 2019 Trailing
12-Month Returns

5Y Sharpe Ratio*
(RFR = 2%)

5Y Sortino Ratio*
(MAR = 2%)

Track Record
(Years)

Americas Hedge Fund
Award Nominees 2019

7.62%

6.56%

1.09

1.84

9.17

All Americas Hedge Funds
(ex-Nominees)

(2.35%)

2.05%

0.13

0.18

5.67

Europe, Middle-East & Africa Hedge Fund Award Nominees 2019

6.70%

5.84%

1.02

1.81

8.00

All Europe, Middle-East & Africa Hedge Funds (ex-Nominees)

(3.70%)

(0.77%)

(0.02)

(0.03)

5.00

Asia Pacific Hedge Fund
Award Nominees 2019

8.08%

5.81%

1.01

2.02

5.38

All Asia Pacific Hedge Funds
(ex-Nominees)

(6.72%)

(2.97%)

0.17

0.26

4.58

*For the five-year period ending December 2018

Source: Eurekahedge

 


Eurekahedge Global Hedge Fund Awards – Americas Region

The following table provides the winners of the 15 hedge fund awards for the Americas region.

Table 2: Winners of the Eurekahedge Global Hedge Fund Awards – Americas region

Hedge Fund Award Ceremony
Winner

Best North American Hedge Fund

EJF Debt Opportunities Fund

Best North American Distressed Debt Hedge Fund

Waterfall Victoria Erisa Fund

Best North American Relative Value Hedge Fund

Serenitas Credit Gamma Master Fund

Best Volatility Focused Hedge Fund

AGSF

Best North America-Based CTA/Managed Futures Hedge Fund

Millburn Commodity Program

Best North American Event Driven Hedge Fund

MMCAP Fund

Best North American Fixed Income Hedge Fund

Hudson Cove Credit Opportunity Master Fund

Best North America-Based Macro Hedge Fund

Glaxis Global Partners

Best North American Long Short Equities Hedge Fund

Renaissance Institutional Equities Fund

Best North American Multi-Strategy Hedge Fund

Renaissance Institutional Diversified Alpha Fund

Best New North American Hedge Fund

Pinnacle Arcadia Cattle Partners

Most Consistent Latin America-Based Hedge Fund

BTG Pactual Discovery FI Multimercado

Most Consistent Canada-Based Hedge Fund

Kassirer Market Neutral

Most Consistent US-Based Hedge Fund

Renaissance Institutional Equities Fund

Best Americas Billion Dollar Hedge Fund

Waterfall Victoria Fund

Source: Eurekahedge

Figure 1 illustrates the performance of an equal-weighted custom index comprising all of the 109 Americas hedge fund award nominees across the 15 categories shown in Table 2. The award nominees of the Americas region have returned 9.60% per annum since December 2013 through April 2019, outperforming the Eurekahedge North American Hedge Fund Index which has generated an annualised return of 4.93% over the same period.

Figure 1: Americas Hedge Fund Award nominees’ 2019 performance
Americas Hedge Fund Award Nominees' 2019 Performance

Eurekahedge Global Hedge Fund Awards - Europe, Middle-East & Africa Region

In Table 3 the winners of the 15 hedge fund awards for the Europe, Middle-East & Africa region are listed.

Table 3: Winners of the Eurekahedge Global Hedge Fund Awards – Europe, Middle-East & Africa region

Hedge Fund Award Ceremony
Winner

Best European Hedge Fund

Omni Event Fund

Best European Distressed Debt Hedge Fund

Altum Credit European Master Fund

Best European Relative Value Hedge Fund

Capula Global Relative Value Fund

Best ILS Focused Hedge Fund

Luxembourg Life Fund

Best Europe-Based CTA/Managed Futures Hedge Fund

Audentia World FX Fund

Best European Event Driven Hedge Fund

Omni Event Fund

Best European Fixed Income Hedge Fund

Alcentra Structured Credit Opportunity Fund

Best Europe-Based Macro Hedge Fund

H2O Allegro

Best European Long Short Equities Hedge Fund

Covalis Capital Master Fund

Best European Multi-Strategy Hedge Fund

Victory Arcadia Fund

Best New European Hedge Fund

Adrigo Small & Midcap L/S

Most Consistent Middle East & Africa-Based Hedge Fund

Barak Structured Trade Finance Fund

Most Consistent UCITS Hedge Fund

Ennismore European Smaller Companies Fund

Most Consistent UK-Based Hedge Fund

Covalis Capital Master Fund

Best European Billion Dollar Hedge Fund

CQS Abs Feeder Fund

Source: Eurekahedge

Figure 2 illustrates the performance of an equal-weighted custom index comprising all of the 81 Europe, Middle-East & Africa hedge fund award nominees across the 15 categories shown in Table 3. The award nominees of the Europe, Middle-East & Africa region have returned 9.63% per annum since December 2013 through April 2019, outperforming the Eurekahedge European Hedge Fund Index which has generated an annualised return of 2.29% over the same period.

Figure 2: Europe, Middle-East & Africa Hedge Fund Award nominees’ 2019 performance
Europe, Middle-East & Africa Hedge Fund Award nominees’ 2019 performance

Eurekahedge Global Hedge Fund Awards - Asia Pacific region

Table 4 provides the winners of the 15 hedge fund awards for the Asia Pacific region.

Table 4: Winners of the Eurekahedge Global Hedge Fund Awards – Asia Pacific region

Hedge Fund Award Ceremony
Winner

Best Asian Hedge Fund

KS Asia Absolute Return Fund

Best Greater China Hedge Fund

Sino Vision Greater China Market Neutral Fund

Best India Hedge Fund

Avendus Absolute Return Fund

Best Japan Hedge Fund

Akito Fund

Best Asia ex-Japan Hedge Fund

FengHe Asia Fund

Best Asia-Based CTA/Managed Futures Hedge Fund

PMC Managed Futures Segregated Portfolio

Best Asian Event Driven Hedge Fund

Athos Asia Event Driven Fund

Best Asian Fixed Income Hedge Fund

The Prism Income Fund

Best Asia-Based Global Macro Hedge Fund

Bright Stream Macro Fund

Best Asian Long Short Equities Hedge Fund

FengHe Asia Fund

Best Asian Multi-Strategy Hedge Fund

KS Asia Absolute Return Fund

Best Singapore-Based Hedge Fund

FengHe Asia Fund

Best New Asian Hedge Fund

Seahawk China Dynamic Fund

Most Consistent Asia-Based Hedge Fund

KS Asia Absolute Return Fund

Best Asian Billion Dollar Hedge Fund

Segantii Asia-Pacific Equity Multi-Strategy Fund

Source: Eurekahedge

Figure 3 illustrates the performance of an equal-weighted custom index comprising all of the 60 Asia Pacific hedge fund award nominees across the fifteen categories shown in Table 4. The award nominees of the Asia Pacific region have returned 10.57% per annum since December 2013 through April 2019, outperforming the Eurekahedge Asian Hedge Fund Index which has generated an annualised return of 5.10% over the same period.

Figure 3: Asia Pacific Hedge Fund Award nominees’ 2019 performance
Asia Pacific Hedge Fund Award nominees’ 2019 performance

The full article inclusive of all charts and tables is available in The Eurekahedge Report accessible to paying subscribers only.

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