HFM European Performance Awards 2021: Winners Announced

6 July | York Lawns, London
HFM European Performance Awards 2021: Winners Announced

Recognising outstanding performance during a challenging time

For 14 years, the HFM European Performance Awards have brought together the entire industry to recognise and celebrate the best performing hedge funds, CTAs and FoHFs in Europe. All areas of hedge fund strategy are covered, from credit and equity to macro and managed futures.

Reflecting on the challenging period caused by Coronavirus, Matt Smith, Editor of HFM commented, “the past 18 months will go down as a litmus test for hedge fund performance. Not since the financial crisis have markets experienced such a rapid and deep sell-off, before mounting one of the fastest recoveries.”

Bringing together the industry face-to-face once again

After a year of virtual events and remote working, the industry was looking forward to meeting face-to-face with peers and friends across the sector once again and we were pleased that the HFM European Performance Awards 2021 marked a return to in-person events.

Taking place on 6 July, the Awards were hosted at the stunning York Lawns within Regents Park comprising four acres of lush foliage, shrubs, flowers and trees combined with an elegant, ivory-lined marquee.

For those unable to attend in-person, a virtual awards event was offered with live streaming from the ceremony and exciting entertainment.

Celebrating excellence in hedge fund performance

The HFM European Performance Awards 2021 categories were developed in consultation with the industry to ensure they are representative of the broad and fast-moving nature of the hedge fund sector.

They were evaluated by a judging panel made up of leading institutional and private investors and investment consultants, specially selected for their wealth of experience and alternatives expertise. The robust methodology ensure the awards reflect how institutional investors asses hedge fund performance in their allocation decisions in the real world.

Rewarding the very best in 2021

For 2021, a new Diversity Prize was added to recognise the best efforts in the hedge fund community to boost diversity and inclusion which was won by Aspect Capital. The Management Firm of the Year Award was presented to Man Group with a special Outstanding Achievement Award given to Guillaume Fonkenell of Pharo Management.

Matt ended the HFM European Performance Awards 2021 by saying: “As Europe has grappled with both the unprecedented health crisis and the economic carnage wrought by Covid-19, in short order hedge funds were examined in their ability to protect client capital, seek new opportunities in the recovery, and adapt to what may become a ‘new normal’.”

Thank you to our sponsors

2021 Winners

Alternative Risk Premia

FERI Trust

Highly commended:
CdR Systematic Absolute Return Fund
CdR Capital

Managed Futures (CTA) over $1bn

Diversified Trend Program - Enhanced Risk



Newcomer - Credit

CloverTree Opportunities Fund
Orchard Global Asset Management

Highly Commended:
CIFC Long/Short Credit Fund
CIFC Asset Management


Managed Futures (CTA) Long-Term Performance (5 years) 

Episteme Systematic Quest TR (ESQTR)
Episteme Capital

Highly commended:
The Keynes Leveraged Quantitative Strategies Fund
QMA Wadhwani

Newcomer - Equity

Glenernie Long/Short Master Fund
Pelham Capital

Highly Commended:
Belerion New Wave Fund
Belerion Capital Group

Multi-Strategy under $1bn

Aleutian Fund
Caygan Capital



Newcomer - Macro

Tectonic Strategy
Willowbridge/Syzygy Investment


Multi-Strategy over $1bn    

Brummer Multi-Strategy 2x 
Brummer & Partners


Newcomer - Managed Futures

BlackBird Alpha Spread 2.5x
BlackBird Asset Management


Global Equity under $500m

Ecofin Vista Long/Short Fund


Best Digital Assets Fund

Fasanara Capital - Genesis Alpha Fund
Fasanara Capital

Highly commended:
Altana Digital Currency Fund
Altana Wealth

Global Equity over $500m

Pelham Global Financials Master Fund
Pelham Capital



Emerging Market Equity

PYN Elite
PYN Elite Fund management


Global Equity Long-Term Performance (5 years)  

Rhenman Healthcare Equity L/S 
Rhenman & Partners Asset Management


Emerging Market Debt

Enko Capital Management
Enko Africa Debt Fund


Fund of Hedge Funds Specialist

Selection Holdings - Pacific Selection
Belgrave Capital Management


Best Merger Arbitrage

Omni Event Fund
Omni Event Management



Fund of Hedge Funds

Selection Holdings - Pacific Selection
Belgrave Capital Management

Highly commended:
Pictet Alternative Advisors - Mosaic
Pictet Asset Management

Fixed Income

ProMeritum Fund SPC
ProMeritum Investment Management


Fund of Hedge Funds Long-Term Performance (5 years)



Market Neutral

ALCUR Fonder


Credit under $500m

AlbaCore Liquid Income Fund
AlbaCore Capital Group


ESG Fund

Proxy Renewable Long Short Energy
Proxy P


Credit over $500m

Sona European Credit Long/Short
Sona Asset Management


European Equity under $500m    

Edale Europe Absolute Fund
Edale Capital


Credit Long-Term Performance (5 years)  

Napier Park Eton Fund
Napier Park Global Capital


European Equity over $500m

Pelham Long/Short Small Cap Master Fund
Pelham Capital



Quantitative strategy under $1bn

LGT AI News-Based Trading Fund
LGT Capital Partners

Highly commended:
GSA International Fund
GSA Capital

European Equity Long-Term Performance (5 years)

Accendo Capital
Accendo Capital


Quantitative Strategy over $1bn

Blue Diamond Non-Directional Strategy
Blue Diamond Asset Management


Event Driven under $500m

Accendo Capital
Accendo Capital


Macro under $500m

EDL Global Opportunities Fund  
EDL Capital


Event Driven over $500m    

Melqart Opportunities Fund
Melqart Asset Management


Macro over $500m

Gemsstock Fund


Ucits - Managed Futures

Alma Platinum Quantica Managed Futures
Alma Capital


Macro Long-Term Performance (5 years)

Gemsstock Fund


Ucits - Macro

Othania Invest
Othania Capital


Best Billion Dollar Fund

Lansdowne Energy Dynamics Fund


Ucits - Credit

Lyxor Chenavari Credit Fund

Highly commended:
Alma Platinum MidOcean Absolute Return Credit
Alma Capital

Diversity and Inclusion Achievement Award

Aspect Capital

Ucits - Equity 

Hadron Alpha Select Fund
Hadron Capital LLP

Highly commended:
Lafayette Dalton Asia Pacific Ucits Fund
Longchamp Asset Management

Management Firm of the Year

Man Group

Ucits - Multi-Strategy

Norron Target
Norron AB

Outstanding Achievement

Guillaume Fonkenell
Pharo Management

Managed Futures (CTA) under $1bn

2X Quantica Managed Futures Fund
Quantica Capital