Hedge Funds Review Awards 2011

Some of the biggest names in Europe's hedge fund industry have been recognised at the Eleventh Hedge Funds Review European Performance Awards in London.

Special guests Paul Ruddock, co-founder and CEO of Lansdowne Partners, and Kathryn Graham, director of BT Pension Scheme Management, were honoured for their outstanding contribution to hedge funds industry.

The hedge fund of the year award for best performance over 2010 was scooped by GLG Market Neutral Fund run by GLG Partners, now part of the Man Group. The fund also won best convertible arbitrage/volatility hedge fund.

BlueBay Asset Management's BlueBay Macro Fund was given the best global macro hedge fund award. Best event driven hedge fund went to Cheyne European Event Driven Fund from Cheyne Capital while best global emerging markets focused hedge fund was taken by Matterhorn Breithorn Fund from Matterhorn Investment Management. In addition Matterhorn was also recognised for its outstanding investor relations.

Ikos Asset Management won two prizes: Ikos Futures Fund for best managed futures hedge fund and Ikos FX Fund for best foreign exchange hedge fund.

CQS had a good night winning four awards, including best overall group. Its CQS Directional Opportunities Fund won best directional hedge fund over three years with CQS ABS Fund given best non-directional hedge fund over three years and CQS Distressed Value Opportunities Fund named as best new hedge fund.

At the awards Hedge Funds Review also made an appeal to raise funds for Kids Company, an inspiring UK charity founded in 1996 to provide practical, emotional and educational support to vulnerable children and young people who are struggling to survive on the margins of society. Donations to the charity can be made through a special website.

Since the hedge fund investment process relies on more than just numbers, the judging process recognises this. It begins with a quantitative screen of all entries to extract raw performance figures as well as other important metrics.

Judges for this year's awards represent different aspects of the industry. They include Caroline Butler, co-director of family office Lord North Street; Phil Irvine, director of PiRho Investment Consulting; Chris Jones, chief investment officer (CIO) at Key Asset Management; Tushar Patel, managing director of Hedge Fund Investment Management; and Michiel Timmerman, managing director and CIO at Ignis Advisors. Chairman of the panel was Margie Lindsay, editor of Hedge Funds Review.

PiRho, IKOS, Cheyne Fund, BlueBay, GLG, Man Group, Lansdowne Partners, are amongst the top hedge funds in Europe. Read more at Hedge Fund Review