EuroHedge Awards 2018 – final nominations announced

Shortlists are now complete as buzz builds ahead of next week’s awards

With the performance numbers for December now in, we are delighted to announce the final nominations for the EuroHedge Awards for 2018 – the night when the European hedge fund industry comes together to recognise and honour the outstanding performers of the year across a wide range of categories.

The winners of the 18th annual EuroHedge Awards will be announced at a gala dinner next week on Thursday 24 January, to be held once again at The Grosvenor House Hotel on London’s Park Lane.

These final lists of nominees contain a number of additions and changes to the updated round of nominations that we released in December. Nominations for the overall Fund of the Year will be announced on the evening of the event itself.

Many congratulations to all of the nominated funds and firms for their performances in 2018 and we look forward to seeing you all next week at the Awards dinner.

Demand for tables is high. Tables are allocated on a first-come, first-served basis. For table bookings, contact Sigita Gravere. Email: s.gravere@hfm.global Tel: +44 (0) 20 7832 6631

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EuroHedge Awards 2018 – Final nominations

EUROPEAN EQUITY – over $500m

AKO

Bodenholm

Covalis Capital

Gladstone Lasker

Lansdowne European Absolute Opportunities

TT Mid-Cap Europe Long Short

EUROPEAN EQUITY – under $500m

Antaurus Europe

CapeView Azri Strategic

Keel Capital Foghorn

Kuvari Focus

Man GLG UK Absolute Value

GLOBAL EQUITY

AKO Global

Greenvale Capital

Lancaster Global LS Equity

Lancelot Camelot

Southeastern Concentrated Value

Tosca Focus

SPECIALIST EQUITY

BlackRock Aletsch

BlackRock UK Emerging Companies

Cygnus Utilities, Infrastructure & Renewables

Gladiator

Lansdowne Energy Dynamics

Polar Capital European Forager

Sector Healthcare

EQUITY MARKET NEUTRAL & QUANTITATIVE STRATEGIES

ABCA Reversion

Agora European Equity Market Neutral

CZ Capital

Saemor Europe Alpha

CONVERTIBLES & VOLATILITY

Blue Diamond Non-Directional

BTG Pactual Global Derivatives Opportunities

Granite Alphen Capital

Mint Tower Arbitrage

Polygon Convertible Opportunity

EVENT DRIVEN & DISTRESSED

Caius Capital

CIAM Opportunities

Clareant Global Special Situations

Kite Lake Special Opportunities

Lutetia Merger Arbitrage

TT Event-Driven

CREDIT – under $500m

Astra Structured Credit Investments

LNG Europa Credit

Northlight European Fundamental Credit

Selwood Credit Opportunity

Serone Key Opportunities

CREDIT– over $500m

Chenavari Toro Income

CQS ABS

East Lodge Capital Credit Opportunities

Palmerston Credit

Selwood Liquid Credit

FIXED INCOME

Borea Hoyrente

HP Hedge

LMR Alpha Rates Trading

SEB Eureka Fixed Income Relative Value

SPECIALIST FINANCE

Ancile

Barak Structured Trade Finance

Cheyne Real Estate Credit Holdings

Clareant Structured Credit Opportunity

Omni Secured Lending

Scandinavian Credit

Scipion Commodity Trade Finance

Securis Life

COMMODITY & CURRENCY

Centurion FX

East One Commodities

GZC Strategic Commodities

IPM Systematic Currency

LCJ FX

Northlander Commodity Advisors

Polar Star

Premium Currencies

MACRO

ADG Systematic Macro

Aspect Systematic Macro

Brevan Howard

BTG Pactual Global Emerging Markets & Macro

GAM Global Rates

TT International

EMERGING MARKETS

BlackRock Emerging Frontiers

Enko Africa Debt

OCCO Eastern European

Polunin Capital Partners Emerging Markets Active

Ronit Global Opportunities

MULTI-STRATEGY

ABCA Opportunities

AlphaGen Multi-Strategy

Brevan Howard Multi-Strategy

Cheyne Global Equity

LFIS Vision Premia Opportunities

LMR

Man AHL Dimension

Man GLG Global Credit Multi-Strategy

MANAGED FUTURES

Amplitude Adagio

IV Quantitative Futures

John Street Vantage

Tiber Diversified Program

UCITS FUND – EQUITY STRATEGIES

BlackRock BSF Europe Absolute Return

Carmignac Portfolio Long-Short European Equities

Lyxor/Sandler US Equity

Lyxor/Tiedemann Arbitrage Strategy

Man GLG Alpha Select Alternative

MW Liquid Alpha UCITS

MYGALE Event Driven

RWC Global Enhanced Dividend

Schroder GAIA Two Sigma Diversified

TM Sanditon European Select

UCITS FUND – MACRO, FIXED INCOME & RELATIVE VALUE

Angel Oak Multi-Strategy Income

Assenagon Alpha Volatility

Legg Mason Western Asset Structured Opportunities

Man AHL Multi Strategy Alternative

Montlake Crabel Gemini

Selwood Market Neutral Credit

STORM Bond

WyeTree North American ABS

EMERGING MANAGER & SMALLER FUND – EQUITY STRATEGIES

Odey Absolute Return Focus

Park Lane Absolute Return

PriorNilsson Idea

Sefton Place

Sierra Europe Offshore

EMERGING MANAGER & SMALLER FUND – MACRO, FIXED INCOME & RELATIVE VALUE

Altum Credit European

Aquantum Commodity Spread

BK Opportunities

DCM Systematic – Diversified Alpha

dormouse Fund

GreshamQuant – ACAR

North Emerging Markets

Ress Life Investments

NEW FUND OF THE YEAR

Adrigo Small & Midcap L/S

A.I. Grantia Anphora

Alcur Select

Chelonia Market Neutral

Cirera Capital Emerging Markets Macro

Lancaster Global LS Equity

SEB Eureka Fixed Income Relative Value

Trium Credere

LONG TERM PERFORMANCE (5 years) – EQUITY STRATEGIES

BlackRock European

Covalis Capital

Gladiator

Gladstone Lasker

Kairos Pegasus

Marshall Wace – MW Market Neutral TOPS

Rhenman Healthcare Equity Long/Short

TT Mid-Cap Europe Long Short

LONG TERM PERFORMANCE (5 years) – MACRO, FIXED INCOME & RELATIVE VALUE

Barak Structured Trade Finance

Blue Diamond Non-Directional

Clareant Structured Credit Opportunity

Cheyne Total Return Credit

Formuepleje Epikur

Formuepleje Penta

John Street Vantage Strategy

LMR

Northlander Commodity Advisors

Pharo Gaia

LONG TERM PERFORMANCE (10 years) – EQUITY STRATEGIES

AKO

Ennismore European Smaller Companies

Gladiator

GSA International

Lansdowne Developed Markets Strategic Investment

Marshall Wace – MW Eureka

Marshall Wace – MW Market Neutral TOPS

OCCO Eastern European

Sphera

LONG TERM PERFORMANCE (10 years) – MACRO, FIXED INCOME & RELATIVE VALUE

BlackRock Fixed Income Global Alpha

Boussard & Gavaudan

CQS ABS

CQS Directional Opportunities

Danske Invest Hedge Fixed Income Strategies

Nektar

Observatory Credit Markets

Pharo Macro

VR Global

MANAGEMENT FIRM OF THE YEAR

AKO Capital

Alcentra

Brevan Howard Asset Management

LMR Partners

Selwood Asset Management

TT International

FUND OF THE YEAR

Nominees to be announced on the night

NOTE ON METHODOLOGY

As ever, the EuroHedge Awards are judged on an established quantitative methodology – based on a combination of Sharpe ratios and absolute 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.

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

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

For the New Fund of the Year award – which considers those funds with performance inception dates during the 12-month period between July 2017 and June 2018 – 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 2017 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 2018 onwards will only be considered for awards in 2019.

For the main individual strategy categories, we are sticking 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 exceed 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).

For those awards where we may be comparing absolute and risk-adjusted returns by funds operating in different strategy areas or over different time periods – such as the Long Term Performance, New Fund, Ucits, Emerging Manager & Smaller Fund and Management Firm of the Year awards – we also apply additional quantitative criteria such as performance relative to strategy benchmarks and direct peer groups.

In order to qualify for a nomination, a fund must 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 and also (for the first time this year) a 10-year period, the minimum asset level is set at $500 million.

Finally, there are the awards for Management Firm of the Year (for which nominations are based on a quantitative 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.

 


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