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Industry Updates

HFI: Veritas and Henderson lead a cast of regional and global players who win AsiaHedge Awards

Friday, October 23, 2009
Opalesque Industry Updates - The Real Return Asian Fund, managed by Ezra Sun of Veritas Asset Management, took the plaudits of more than 200 leading figures in the Asia-Pacific hedge fund industry last night as he collected the AsiaHedge Fund of the Year Award for 2009 at an industry dinner in Hong Kong.

The much-coveted Management Firm of the Year award was won for 2009 by Henderson Global Investors, which had no less than four of its Asia-focused funds nominated in the various categories.

The strong turnout and upbeat mood at the dinner, which was being held for the eighth time, also demonstrated – after two years of extraordinary turmoil in the global markets – that the hedge fund industry in the Asia-Pacific region has very much survived, and indeed appears well positioned to thrive again after a year when many funds again delivered strong returns.

In an Asia-Pacific industry that is spread across various markets and featuring players based in a number of different locations, the awards were won by a mixture of big international firms and regionally-based players.

Among the major international firms that took awards, in addition to Henderson there was also Brevan Howard, which won the International award again for its Asia macro fund; and also Marshall Wace, which won the award for best Asia including Japan strategy for Asia Diversified TOPS fund.

HSBC won the award for best Single Country fund for its India hedge fund strategy managed by Sanjiv Duggal.

Regional boutiques that won included HT Capital for its Amoeba small cap strategy, and Riley Paterson for Asia ex-Japan.

A best China fund category was awarded for the first time this year, reflecting the rapid growth of dedicated China-focused hedge funds, with the inaugural winner being LBN China+ Opportunity. The long-established best Japan fund category was won by Hadoh, while another Japan-focused strategy – Prowess of Japan – took this year’s Arbitrage & Market Neutral award.

After being nominated on several previous occasions, the Fixed Income award was taken this time by Tribridge.

Evenstar and Phalanx, two new contenders at the awards, took the Event Driven and Multi-strategy categories. And the New Fund of the Year award went to Joe Chan’s new Galaxy China Deep Value fund. The full list of this year’s winners was as follows:

Asia ex-Japan
Riley Paterson

Asia inc Japan
Marshall Wace Asia Diversified TOPS Fund

Japan
Hadoh

China
LBN China+ Opportunity

Single Country
HSBC India Alpha

Small & Mid-Cap
HT Asian Alpha Amoeba

Event Driven
Evenstar Sub Fund I

Arbitrage & Market Neutral
Prowess of Japan

International
Brevan Howard Asia

Fixed Income, High Yield and Distressed
Tribridge

Multi-Strategy
Phalanx Japan Austral-Asia Multi-Strategy

New Fund of the Year
Galaxy China Deep Value Fund

Management Firm of the Year
Henderson

Fund of the Year
Real Return Asian Fund

- FG

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