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From the Opalesque Team: The Australian arm of the international hedge fund industry body, Alternative Investment Management
Association (AIMA), announced Australia's top performing hedge funds and money managers at the 2009
Australian Hedge Fund Industry Awards.
Now in its fifth year, the Awards recognise achievement and excellence within the sector and coincide with
Hedge Funds Rock, the industry's most popular annual charity event, which was held last night at The Ivy in
Sydney.
More than 250 hedge fund professionals attended the event which raised money for children's cancer
charity, Cure Our Kids. In eight years the Australian hedge fund community has donated over $2 million.
Winners were judged by an independent group of hedge fund researchers. Manager performance was
measured using judging criteria devised to assess how Australian absolute return managers were able to
meet their investment objectives and adapt to changing investment environments. The criteria were:
- Absolute returns versus their peers over varying time periods
- Sortino ratios1, a risk adjusted measure of performance
- Rates of performance drawdown and recovery
More than 150 funds were judged, with 20 finalists chosen across 8 categories.
The winners are:
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