HFM US Performance Awards 2020: Winners Announced
November 5 2020 | Rewarding excellence in hedge fund performance across 39 categories
The HFM US Performance Awards are the most important and influential awards in the US hedge fund calendar, with the best performing funds all vying for industry-wide recognition and celebration.
The awards recognize both hedge fund and fund of hedge fund performance, covering all areas of hedge fund strategy, from credit and equity to macro and managed futures.
Now in their 14th year, this year’s HFM US Performance Awards took place virtually on November 5 to provide a platform to still reward those hedge funds leading the way in the sector at a time when face-to-face events are not possible.
Sponsored by:
Matt Smith, Editor, HFM:
This year will certainly go down as a litmus test for hedge fund performance. Not since the financial crisis of 2008 have markets experienced such a rapid and deep sell-off.
As the US has grappled with both the unprecedented health crisis and the economic carnage wrought by Covid-19, investment managers have been doing their best to protect client capital as well as look to new opportunities in an emerging ‘new normal’.
It is a sign of the extend of the disruption caused by the pandemic that the annual HFM US Performance Awards are being held as a virtual event for the first time.
Our 2020 awards seek to recognise those firms that have best capitalised on the more favourable markets of 2019 and navigated a truly testing first half to deliver strong risk-adjusted returns compared to their peers.
Our 12-strong judging panel, which includes heavyweight institutional investors and specialist consultants, helped us with the rigorous selection process we went through to arrive at our award winners across nearly 40 categories.
Congratulations to everyone shortlisted for these awards and, of course, all the winners.
HFM US Performance Awards 2020 Winners
Outstanding contribution
Joe Edelman, Perceptive Advisors
Best 40 Act Fund
Alger Dynamic Opportunities Fund, Fred Alger Management
Highly commended
Guggenheim Market Neutral Real Estate Fund, Guggenheim Investments
Newcomer - equity
HITE Energy, HITE Hedge Asset Management
Highly commended
Plaisance Midway Fund, Plaisance Capital
Specialist equity
Equinox Partners - Gold Mining Managed Accounts, Equinox Partners Investment Management
US equity under $1bn
Waterfront CP Enhanced Master Fund, Waterfront Capital Partners
US equity over $1bn
Millennium Partners, Millennium Partners
Highly commended
Perceptive Life Sciences Fund, Perceptive Advisors
Global equity under $1bn
Aquilo Capital, Aquilo Capital Management
Highly commended
Apis Capital, Apis Capital Advisors
Global equity over $1bn
Citadel Tactical Trading, Citadel
Global Equity long-term performance (5 years)
Valley Forge Capital, Valley Forge Capital Management
US equity long-term performance (5 years) under $1bn
Valley Forge Capital, Valley Forge Capital Management
US equity long-term performance (5 years) over $1bn
Renaissance Institutional Equities Fund, Renaissance Technologies
Best options strategy
Infinity Q Volatility Alpha Fund, Infinity Q Capital Management
Highly commended
One River Dynamic Convexity, One River Asset Management
Credit under $1bn
Hudson Bay Cap Structure Arbitrage Enhanced Fund, Hudson Bay Capital Management
Credit over $1bn
Saba Capital Partners, Saba Capital Management
Highly commended
STS Master Fund, Deer Park Road Management Company
Credit long-term performance (5 years) under $1bn
Millstreet Credit Fund, Millstreet Capital Management
Credit long-term performance (5 years) over $1bn
Short Duration Fund, Brevet Capital
Highly commended
Aristeia International, Aristeia Capital
Merger arbitrage
NexPoint Merger Arbitrage Fund, NexPoint
Newcomer – macro
Abraham Fortress Fund, Abraham Trading Company
Macro under $1bn
Massar Macro Commodity, Massar Capital Management
Macro over $1bn
D. E. Shaw Oculus Fund, D. E. Shaw & Co
Macro long-term performance (5 years)
Haidar Jupiter, Haidar Capital Management
Newcomer managed futures (CTA)
Statera, Roe Capital
Managed futures (CTA) under $1bn
Revolution Alpha Program, Revolution Capital Management
Highly commended
Millburn Commodity Program, Millburn Ridgefield Corporation
Managed futures (CTA) over $1bn
Crabel Multi-Product 1.5X, Crabel Capital Management
Managed futures/CTA long-term performance (5 years) under $1bn
Millburn Commodity Program, Millburn Ridgefield Corporation
Managed futures/CTA long-term performance (5 years) over $1bn
Crabel Multi-Product 1.5X, Crabel Capital Management
Fund of hedge funds - specialist
Pinnacle Physicals & Financing Master Track II, Pinnacle Asset Management
Fund of hedge funds - multi-strategy under $1bn
Eagle's View Capital Partners, Eagle's View Capital Management
Highly commended
Pinnacle Physicals & Financing Master Track II, Pinnacle Asset Management
Fund of hedge funds - multi-strategy over $1bn
Ironwood Institutional Multi-Strategy Fund, Ironwood Capital Management
Fund of hedge funds - long-term performance (5 years) under $1bn
Silver Creek Core Strategies, Silver Creek Capital Management
Fund of hedge funds - long-term performance (5 years) over $1bn
Magnitude Institutional, Magnitude Capital
Highly commended
Ironwood Partners, Ironwood Capital Management
Event driven under $1bn
LIM Unleveraged Arbitrage Strategy, Longfellow Investment Management Co.
Event driven over $1bn
Hudson Bay Fund, Hudson Bay Capital Management
Quantitative strategy under $1bn
One River Dynamic Convexity, One River Asset Management
Quantitative strategy over $1bn
Voloridge Trading Aggressive Fund, Voloridge Investment Management
Multi-strategy under $1bn
Janus Henderson Multi Strategy Fund, Janus Henderson Investors
Multi-strategy over $1bn
Voloridge Trading Aggressive Fund, Voloridge Investment Management
Multi-strategy long-term performance (5 years)
D. E. Shaw Composite Fund, D. E. Shaw & Co
Highly commended
Citadel Wellington, Citadel
Management firm of the year
Hudson Bay Capital Management
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