Awards Disclosure
Prequin: Preqin Hedge Fund Online created and conducts the survey based upon net return information provided by the fund manager in early 2018. Fund managers must report a full 36-month track record over 2015-2017 to be eligible for Net Returns of Top Performing Hedge Funds. This award is based on a ranking by net returns over the period 2015-2017 as per the Preqin Special Report: Top Performing Hedge Funds 2017. Based on information in this report, the estimated number of advisors surveyed for the Net Returns of Top Performing Hedge Funds, 1/15 – 12/17 was 5,804 and 0.017% were ranked 9th. The % of advisors that received that ranking is a calculated % derived by dividing 1 by the number of estimated number of advisors surveyed for each of the awards per the Preqin Special Report: Top Performing Hedge Funds 2017. The Most Consistent Top Performing Funds were determined using a percentile ranking methodology, whereby each of the four metrics – annualized return, annualized volatility, Sharpe ratio and Sortino ratio – were representatively graded in a universe of hedge funds with matching strategy criteria and performance data up to December 2017 on Preqin’s online platform over two sample periods. The ‘average score’ of each fund was then derived through an average of the four percentile values and solely used to determine fund consistency. Where a Sortino ratio could not be calculated due to the fund not generating a negative return in the sample period, the fund was given a percentile score of 100 for its Sortino ratio metric.
Barclay Hedge awards are based upon the estimated performance, net of all fee’s, as reported by the respective fund managers on the Barclay Hedge web page with the estimated number of eligible advisors surveyed for each of the awards being 36 in 2016, 43 in 2017, 24 in 2020, and 25 in 2021. The % of advisors that received that ranking is a calculated % derived by dividing 1 by the number of estimated number of advisors surveyed for each award as per the Barclay Hedge web page for 3% in 2016, 2% in 2017 and 4% in 2020 and 2021. Barclay Hedge conducts the survey and funds with assets greater than $10M as of December 31st are eligible.
HFMWeek US awards are open to any fund with its management team based in North America, a minimum AUM of $25m, and a three-year track record with monthly performance data. Annual performance periods are between July 1 and June 30th each year. The awards were decided by a judging panel with each member of the panel having an equal weight in choosing the winners in each category they are assigned.
Pre-selection data for the HedgeWeek US Emerging Manager Awards was provided by Bloomberg, based on 2022 Calendar Year fund performance (12/31/21-12/31/22). To be eligible, nominees must be primarily domiciled in either the United States or Canada. Additional criteria are applied per award category. Voting for the awards is conducted via an online poll of the entire Hedgeweek userbase, where participants are asked to make their choice among the shortlisted firms in each category.
Investors Choice and Top Performer Awards: All funds reporting to Allocator.com are considered for the awards. Top Performer award winners are determined based on absolute returns from 1st January to 31st December each year. For each Investors Choice award category, the Top Performers fund that receives the highest qualitative scoring by the judges receives the award. Institutional investor judges score the Top Performers on a range of qualitative criteria including investment processes, risk framework, transparency, team and ability to generate alpha. The judges review manager profiles on the Allocator.com portal and independently assign a score from 1 to 10 in each of the qualitative assessment areas for funds.
Institutional Investor: The Institutional Investor award for “Hedge Fund Rising Star” was awarded to Phil Stone in relation to performance obtained by Fourthstone. Before voting took place, the finalists in each category were identified through independent research overseen by the magazine’s editorial team. Nominations submitted by the industry were also vetted and considered. Industry veteran Eric Uhlfelder reported on the managers and analyzed data from Bloomberg, BarclayHedge, and proprietary sources to determine the nominations. To review the award criteria please see:Tell Us Who Is the Best. II Calls for Nominations for the 21st Annual Hedge Fund Awards. (institutionalinvestor.com)
No fees were paid to participate in any rankings or awards and the receipt of these awards is not indicative of future performance.