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
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 inc Japan
Small & Mid-Cap
Arbitrage & Market Neutral
Fixed Income, High Yield and Distressed
New Fund of the Year
Management Firm of the Year
Fund of the Year