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Institutional Investor’s 9th Annual Hedge Fund Industry awards – winners

Thursday, June 23, 2011

Bruce Kovner
Opalesque Industry Update - The award ceremony was held on Monday, June 20th, 2011 in New York.

Hedge fund management awards
The Institutional Hedge Fund Firm of the Year award was given to Appaloosa Management (the main fund was up 10% YTD and the Thoroughbred fund 8% as at end-February).

The Emerging Hedge Fund Firm award was won by Hutchin Hill Capital.

The Credit-Focused Hedge Fund Firm award went to Fortress Investment Group (see last month’s Opalesque Exclusive on Fortress); the Equity-Focused Hedge Fund Firm award was given to Glenview Capital Management (which lost 50% of assets in 2008 but has been gaining back since); Third Point won the Event-Driven Hedge Fund Firm award (it was also one of AR Mag’s top funds last year); Bridgewater Associates got the Macro-Focused Hedge Fund Firm award (the world's biggest hedge-fund firm has nearly finished launching a $10bn hedge fund); Millennium Management was the Multistrategy Hedge Fund Firm of the Year (see February’s Opalesque Exclusive on Millennium); Capula Investment Management received the Relative Value hedge Fund Firm award (it got mandates from a couple of pensions this year).

Prisma Capital Partners won the Large Funds of Hedge Funds Firm award (also got a few pension mandates in the last year); and PineBridge Investments was given the Small Fund of Hedge Funds Firm of the Year award (it has been focusing on Asia and on start-ups lately).

The Hedge Fund Seeder Firm of the Year award went to Blackstone Group (see our related March Opalesque Exclusive).

Hedge fund investor awards
Boeing Co. won the Large Corporate Plan of the Year award; International Paper Co. the Small Corporate Plan award; University of Texas Investment Management Co. got the Large Endowment of the Year award; Cook Children’s Health Care System the Small Endowment award; Teacher Retirement System of Texas won the Large Public Plan of the Year award; and San Diego County Employees Retirement Association the Small Public Plan award.

The Family Office of the Year award went to Mount Vernon Investments, and the Hedge Fund Consultant of the Year award was given to James Mnookin, Cambridge Associates.

See whole list of nominees here: Source

The Lifetime Achievement Award Recipient was Bruce Kovner, Founder and Chairman, Caxton Associate (he was part of those hedge fund managers who met with Republicans last summer to draw up strategies for the mid-term U.S. elections); and the Outstanding Contribution Award Recipient was Jeffrey Scott, Chief Investment Officer, Alaska Permanent Fund Corp (he announced earlier this month he would join Wurts & Associates as CIO, after 3 years at Alaska).


Institutional Investors also named 30 Rising Stars of Hedge Funds:Source

B. Gravrand

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