EuroHedge Emerging Fund Management performance awards: the winners

Titan Opportunities, EG Life Sciences and Greenvale lead winners with two performance awards each

An oil fund, a medicine and biotech fund, and a fund that soared after Ocado’s share price surged led the performance winners at the EuroHedge Emerging Fund Management Awards on Wednesday, which focused on the future stars of Europe’s hedge fund industry.

The three funds – Titan Opportunities, EG Life Sciences and Greenvale – each took home two awards from the prize-giving ceremony, which recognise excellence in risk-adjusted and absolute return performance among Europe’s smaller and newer funds.

Titan, a London-based commodities fund started by Norweigan manager Espen Westeren, won two awards after posting consistently strong returns since launching in 2016.

EG Life Sciences, a $60m fund investing in developers of medical and biotechnology products, won two awards in global equity categories after rising 13% last year after starting in May and 45% in the first eight months of this year.

Greenvale Capital, a London-based fund started by former Citadel manager Bruce Emery, also won in a global equity category, and took home the prize for 12-month performance in the $250m-500m category, one of the main awards of the night.

The fund has led European performance charts this year, thanks in part to a long position on UK grocer Ocado, which had been targeted by short-sellers, but rose 67% in May.

The awards, which were categorised on a strategy, time-frame and size basis, were announced and presented at an industry dinner held at the Plaisterers Hall in London.

The majority of the awards are based on funds’ annualised returns and Sharpe ratios since inception. This year we also introduced additional awards based on performance over a 12-month period – from September 2017 to August 2018 – as well as new fund awards focusing exclusively on funds that have been going for less than three years.

The minimum fund asset size for inclusion in the Emerging Fund Management Awards is $20m and the maximum fund asset size is $500m. To qualify for nominations, all funds must outperform their relative median index over the relevant time period, they must also be within 10% of their high-water marks and their performance data must be listed in the EuroHedge database.

The 22 awards that were presented this year were split into five main groupings:

  • Best performance since inception, for funds with assets of $20m-$100m
  • Best performance since inception, for funds with assets of $100m-$250m
  • Best performance since inception, for funds with assets of $250m-$500m
  • Best performance over 12 months, from September 2017 to August 2018 
  • Best new funds, based on performance since inception, for funds with up to three years track record

Congratulations to the winners, and to all the funds and firms that were nominated for awards. Full performance details on all the nominees and winners are available on the HFM EuroHedge Database.

EUROHEDGE EMERGING FUND MANAGEMENT AWARDS 2018 – WINNERS

  • Best performance since inception: funds with assets of up to $100m

Credit & Fixed Income

  • Fondo Finint Bond

European Equity

  • AIM Europe Smallcaps

Event Driven & Distressed

  • Castellain Value

Global Equity

  • EG Life Sciences

Macro, CTA & Volatility

  • Granite Alphen

Multi-Strategy

  • Titan Opportunities

 

  • Best performance since inception: funds with assets of $100m-$250m

Credit & Fixed Income

  • Enko Africa Debt

European Equity

  • ID France Smidcaps

Event Driven & Distressed

  • Ben Oldman Special Situations

Global Equity

  • RoboCap

Macro, CTA & Volatility

  • Centurion FX

Multi-Strategy

  • Alpi Hedge

 

  • Best performance since inception: funds with assets of $250m-$500m

Credit & Fixed Income

  • Serone Key Opportunities

European Equity

  • Taiga Fund

Event Driven & Distressed

  • Caius Capital

Global Equity

  • Greenvale Capital

Macro, CTA & Volatility

  • Mint Tower Arbitrage

 

  • Best 12-month performance (September 2017-August 2018)

Funds with assets of up to $100m

  • Sefton Place

Funds with assets of $100m-$250m

  • Inflection Point Investments

Funds with assets of $250m-$500m

  • Greenvale Capital

 

  • Best performing new funds (0-3 years track record, up to $500m)

Equity Strategies:

  • EG Life Sciences

Macro, Fixed Income & Relative Value Strategies:

Titan Opportunities


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