EuroHedge Awards 2017: updated nominations

We are delighted to announce the updated lists of nominations for the EuroHedge Awards for 2017

With the performance numbers for November now in, we are delighted to announce the updated lists of nominations for the EuroHedge Awards for 2017 (see below) – the big night when the European hedge fund industry comes together to recognise and honour the outstanding performers of the year.

The winners of the 17th annual EuroHedge Awards will be announced and presented at a gala dinner on Wednesday 24 January, to be held once again at The Grosvenor House Hotel on London’s Park Lane.

The updated lists of nominees contain a number of additions to the first round of shortlists that we announced in November – and they also include nominations for the New Fund of the Year and Management Firm of the Year awards.

With the returns for December still to be taken into account, these lists are still provisional. The final nominations for the Awards will be announced as early as possible in January and it is still possible that further changes will be made after the final month of trading.

To ensure that your fund is considered in time for the final nominations in January, please submit your monthly performance for December and the full calendar year to EuroHedge by Friday 5 January at the latest.

As ever, the EuroHedge Awards will be judged on an established quantitative methodology – based on a combination of Sharpe ratios and returns – to identify the best risk-adjusted performance across a range of strategies and asset classes, with the aim being to let the numbers do the talking in order to select the nominees and the eventual winners.

The aim of the awards is to identify those funds and firms that have produced the best risk-adjusted returns for their investors – achieving the twin primary goals of hedge funds of capturing the upside in terms of strong absolute returns while also controlling volatility and protecting capital on the downside.

For all the main individual strategy award categories over the one-year period we have again decided to keep the minimum asset level at $100 million (defined as the average fund AUM during the calendar year).

However, as part of our continuing effort to highlight the good performance among many smaller funds, we are also retaining the Emerging Manager & Smaller Fund category that we have featured for the past several years – for which the minimum asset threshold is set at a lower level.

This year there are again two awards for emerging manager and smaller funds – divided into two categories, in the same way as for the New Fund and Long Term Performance awards, between those funds focusing on equity strategies and those focusing on relative value, multi-asset, macro and fixed-income strategies.

These awards aim to recognise funds that are below the $100 million threshold and which do not quality as new funds, but whose performances would have earned them clear nominations in their respective categories if they had met the minimum size requirement.

For the New Fund awards – which consider those funds with performance inception dates during the 12-month period between July 2016 and June 2017 – there is also a lower minimum asset level, reflecting the fact that many of these funds may only have been trading for a few months.

Because of the time period criteria, some new funds that launched in the second half of 2016 may also be considered for a New Fund award this year as well as for nominations in their relevant strategy group – while those newer funds that have started trading from July 2017 onwards will only be considered for awards in 2018.

This year, there are a few changes to the main award categories. In equities, we are reintroducing the award for Specialist Sector Equity (comprising those funds that focus exclusively on a specific sector or group of sectors such as financials, real estate, healthcare, technology or energy, for instance) as well as the award for Small Cap Equity (comprising long/short equity funds that focus solely on smaller-company stocks).

There are separate awards this year for both Event Driven and Distressed, while in Credit we are splitting the category into funds managing less than $500 million and those managing more than $500 million – as we also do for European Equity, Global Equity and Managed Futures.

For the main individual strategy categories, we stick with the same tried-and-tested methodology as in previous years – with nominations being identified from among the funds with the strongest Sharpe ratios among their peer groups (so long as they also beat the median performance in that peer group); and with the winners being those funds with the highest returns (so long as they are within 25% of the top Sharpe ratio within their group).

In order to qualify for a nomination, a fund must also be within 10% of its high-water mark that was set before the start of this year – so that funds are not rewarded merely for recent good performance if they have not also substantially recouped losses from previous years.

For the Long Term Performance awards, which are judged over a five-year period, the minimum asset level is set at $500 million.

Finally, there are the awards for Management Firm of the Year (based on a quantitative scoring system that ranks absolute and relative performance across a firm’s range of funds, and for which the minimum asset size is $1 billion) and for the overall Fund of the Year.

For Fund of the Year, as is traditional, this award takes into account not only those funds that win the various individual categories, but also any others with exceptional returns – and the contenders will not be announced until the evening itself, not least so as to avoid pre-judging the winners in other categories.

Demand for tables is high. Tables are allocated on a first-come, first-served basis. For table bookings, contact Eliot Rich. Email: e.rich@pageantmedia.com Tel: +44 (0) 20 7832 6663

For sponsorship enquiries, contact James Barfield. Email: james.barfield@hedgefundintelligence.com Tel: +1 646 931 9058


EUROHEDGE AWARDS 2017 – UPDATED NOMINATIONS

Contenders include:

EUROPEAN EQUITY – under $500m
• Alken Capital One
• Gladstone Lasker
• Platinum European
• Rye Bay European
• Trias L/S
• Triton Value

EUROPEAN EQUITY – over $500m
• Adelphi Europe
• AKO
• Antares European
• BlackRock European
• Kairos Pegasus
• Pelham Long/Short
• Sphera
• TT Mid-Cap Europe Long Short

GLOBAL EQUITY – under $500m
• Inflection Point Investments
• Jabcap Global Balanced
• Kinsale Compass
• NPJ Global Opportunities
• SR Global Opportunities
• Tosca Focus

GLOBAL EQUITY – over $500m
• AKO Global
• Hengistbury
• Lansdowne Developed Markets Strategic Investment
• Marshall Wace – MW Eureka
• SR Global International
• Theleme

SPECIALIST SECTOR EQUITY
• Algebris Global Financials
• Lansdowne Energy Dynamics
• Pelham Global Financials
• Rhenman Healthcare Equity Long/Short
• Tosca

SMALL-CAP EQUITY
• 1798 Volantis
• CS Small Cap Alpha Opportunities
• Maga Smaller Companies
• Pelham Long/Short Small Cap
• Polar Capital European Forager

EMERGING MARKET EQUITY
• Carrhae Capital
• Ion Israel
• OCCO Eastern European
• Russian Prosperity
• SR Global Emerging Market Equity

UCITS EQUITY
• EquityFlex
• LOYS Global
• Man GLG Alpha Select Alternative
• OAKS Emerging and Frontier Opportunities
• Polar Capital UK Absolute Equity
• RWC Global Horizon
• Schroder GAIA Indus PacifiChoice
• Schroder GAIA Egerton Equity
• Threadneedle American Extended Alpha
• Velox

EQUITY MARKET NEUTRAL & QUANTITATIVE STRATEGIES
• GLG European Long/Short
• GSA International
• GSA QMS
• Marshall Wace – MW Market Neutral TOPS
• OM Arbea
• Sabre Style Arbitrage

CONVERTIBLES & VOLATILITY
• Boussard & Gavaudan
• Edelweiss Volatility
• Jabcap Global Convertible
• Polygon Convertible Opportunity

EVENT DRIVEN
• Altera Absolute Global
• Anavio Capital
• Cheyne European Event Driven
• CIMA Opportunities
• FMCP Equity Event Driven
• KL Special Opportunities
• Melqart Opportunities
• MVN Event Driven
• TT Event-Driven

DISTRESSED
• BlueBay Event Driven Credit
• Caius Capital
• Hof Hoorneman Phoenix
• Ironshield Special Situations
• VR Global Offshore

CREDIT – under $500m
• Alegra ABS I
• Athena
• BlueBay Credit Alpha Long Short
• MAN GLG Cross Asset Value
• LFIS Vision Credit Opportunities
• LNG Europa Credit
• Robus German Credit Opportunities
• Serone Key Opportunities

CREDIT- over $500m
• CQS ABS
• East Lodge Capital Credit Opportunities
• King Street Europe
• Selwood Liquid Credit

FIXED INCOME
• Asgard Fixed Income
• Borea Hoyrente
• Danske Invest Hedge Fixed Income Strategies
• LMR Alpha Rates Trading
• Nykredit Alpha – Kobra
• Nykredit MIRA

SPECIALIST CREDIT & FIXED INCOME
• Barak Structured Trade Finance
• Cheyne Corporate Loan
• Cheyne Real Estate Credit Holdings
• Cheyne Total Return Credit
• Clareant Structured Credit Opportunity
• Omni Secured Lending

COMMODITY & CURRENCY
• Alder Global 20
• GZC Strategic Commodities
• LCJ FX
• Premium Currencies Plus

MACRO
• BTG Pactual Global Emerging Markets and Macro
• EDL Global Opportunities
• Episode
• Gemsstock
• Pharo Macro
• TT International

EMERGING MARKETS
• AQS Emerging Markets Corporate Debt
• BlueBay Emerging Market Credit Alpha
• First Geneva Global High Yield
• Pharo Gaia
• Pharo Trading
• Promeritum
• Spinnaker Global Emerging Markets

MULTI-STRATEGY
• Alphanatics
• Cheyne Global Equity
• CQS Diversified
• LMR
• Man GLG Global Credit Multi Strategy
• Man GLG Multi-Strategy
• Portland Hill Overseas

MANAGED FUTURES – under $500m
• Amplitude Trading Strategies – Dynamic
• Insch Kintore
• Quantica Managed Futures
• Tiber Diversified

MANAGED FUTURES – over $500m
• CCP Core Macro
• CCP Quantitative
• Man AHL Evolution
• Systematica Alternatives Markets

EMERGING MANAGER & SMALLER FUND – EQUITY STRATEGIES
• AlphaCore Capital
• Edale Europe Absolute
• Habrok
• Optis Global Opportunities
• Northglen Aggressive
• North of South Emerging Markets

EMERGING MANAGER & SMALLER FUND – MACRO, FIXED INCOME & RELATIVE VALUE
• Argo Distressed Credit
• Elara Fixed Income
• MACH 3
• Metage Global Strategies
• Quotidian Multi-Strategy
• Z Special Opportunities

NEW FUND OF THE YEAR – EQUITY STRATEGIES
• DNCA Invest Venasquo
• Man GLG Innovation Equity Alternative
• Memnon Market Neutral
• MVN Event Driven
• RAM Systematic Funds – Long/Short Global Equities

NEW FUND OF THE YEAR – MACRO, FIXED INCOME & RELATIVE VALUE
• Algebris Macro Credit
• AlphaGen Castor
• Caius Capital
• GSA Diversified Alternatives
• Selwood Credit Opportunity

LONG TERM PERFORMANCE (5 years) – EQUITY STRATEGIES
• BlackRock European
• Covalis Capital
• Ennismore European Smaller Companies
• GSA QMS
• Marshall Wace – MW Eureka
• Marshall Wace – MW Market Neutral TOPS

LONG TERM PERFORMANCE (5 years) – MACRO, FIXED INCOME & RELATIVE VALUE
• Asgard Fixed Income
• Clareant Structured Credit Opportunity
• Gemsstock
• Man AHL Evolution
• Napier Park European Credit Opportunities
• Pharo Gaia
• Polygon Convertible Opportunity
• VR Global Offshore

MANAGEMENT FIRM OF THE YEAR
• Cheyne Capital
• Man Group
• Pelham Capital
• Pharo Global Advisors
• Sloane Robinson
• TT International

FUND OF THE YEAR
Nominees to be announced on the night