Alternative IQ Announces Winners of the 2022 Canadian Hedge Fund Awards

November 23, 2022 7:00 AM EST | Source: Alternative IQ

Toronto, Ontario--(Newsfile Corp. - November 23, 2022) - The 2022 Canadian Hedge Fund Awards, the highest honour in Canada's hedge fund industry, were presented yesterday evening at the Gala Awards Dinner at One King West Hotel in Toronto.

The Canadian Hedge Fund Awards help investors identify the most exceptional hedge funds, recognizing winners in 6 categories as well as the Overall Best 2022 Canadian Hedge Fund.

A total of 234 Canadian Hedge Funds were included in the 2022 CHFA program. The awards are based solely on quantitative performance data to June 30th, with Fundata Canada managing the collection and tabulation of the data to determine the winners. There is no nomination process or subjective assessment in identifying the winning hedge funds.

For the full Directory of Canadian Hedge Funds, including performance data, check here: http://alternativeiq.com/hf-directory/.

Average Performance as at June 30, 2022

CategoryAvg 1Yr ReturnAvg 3Yr ReturnAvg 5Yr ReturnAvg 3Yr SharpeAvg 5Yr Sharpe
Equity Focused-11.128.115.610.510.39
Credit Focused-2.723.703.840.340.41
Market Neutral3.393.662.750.430.35
Global Macro/Managed Futures/Multi-Strategy-1.584.853.580.570.46
Private Debt5.545.777.73

Private Equity4.817.643.63

Total-6.276.234.610.490.41

 

Overall Best 2022 Canadian Hedge Fund:
(based on best combined 10 year annualized return and Sharpe ratio).

(based on 10 Year Return AND Sharpe Ratio)
 
PlaceFund Name10 Year Return10 Year Sharpe Ratio
   
  
1Kensington Alternative Strategies Fund7.631.72
2Pathfinder Partners' Fund 15.100.85
3Arrow Performance Fund10.361.29
  
 
 

 

2022 Canadian Hedge Fund Award Winners by Category are:

Equity Focused Category

1 Year Return
 
PlaceFund NameReturn
  
 
1Canoe Energy Alpha Fund LP88.76
2Wealhouse Lions Bay Fund43.48
3SMI Defensive LP25.22

 

 


3 Year Return
 
PlaceFund NameReturn
  
 
1Canoe Energy Alpha Fund LP36.18
2Lynwood Opportunities Fund29.57
3Wealhouse Lions Bay Fund28.89



 


5 Year Return
 
PlaceFund NameReturn
   
 
1Canoe Energy Alpha Fund LP26.05
2BT Global Growth Fund LP19.16
3AlphaNorth Partners Fund16.23
  
 

 

3 Year Sharpe Ratio
 
PlaceFund NameSharpe Ratio
  
 
1Wealhouse Lions Bay Fund2.25
2Waratah Alternative ESG1.83
3Timelo Strategic Opportunities Fund1.43




 

5 Year Sharpe Ratio
 
PlaceFund NameSharpe Ratio
  
 
1Waratah Performance1.37
2SMI Defensive LP1.24
3Forge First Long Short LP1.16
 
 
 

 

Credit Focused Category:

1 Year Return
 
PlaceFund NameReturn
  
 
1NorthStream Credit Strategies Fund LP22.31
2Wealhouse Amplus Credit Income Fund5.01
3Fulcra Credit Opportunities Fund1.79

 




3 Year Return
 
PlaceFund NameReturn
   
1NorthStream Credit Strategies Fund LP19.74
2Picton Mahoney Special Situations Fund7.35
3Purpose Credit Opportunities Fund7.32
 





5 Year Return
 
PlaceFund NameReturn
 
  
1NorthStream Credit Strategies Fund LP13.73
2Purpose Credit Opportunities Fund7.15
3East Coast Investment Grade Fund II (Arrow)6.25
 


 

3 Year Sharpe Ratio
 
PlaceFund NameSharpe Ratio
  
 
1NorthStream Credit Strategies Fund LP1.38
2Picton Mahoney Special Situations Fund0.95
3Purpose Credit Opportunities Fund0.79

 




5 Year Sharpe Ratio
 
PlaceFund NameSharpe Ratio
  
 
1NorthStream Credit Strategies Fund LP1.19
2Purpose Credit Opportunities Fund0.86
3Picton Mahoney Special Situations Fund0.74
 


 

Market Neutral Category:

1 Year Return
 
PlaceFund NameReturn
  
 
1Altema Diversified Equity Market Neutral Fund50.83
2CC&L Global Market Neutral 10.24
3RBC QUBE Market Neutral World Equity9.10

 




3 Year Return
 
PlaceFund NameReturn
    
 
1The HGC Fund LP15.11
2Picton Mahoney Arbitrage Fund7.68
3CC&L Global Market Neutral 7.54

  

 

5 Year Return
 
PlaceFund NameReturn
   
 
1The HGC Fund LP 12.07
2Picton Mahoney Market Neutral Equity Fund5.50
3Picton Mahoney Arbitrage Fund5.45

 




3 Year Sharpe Ratio
 
PlaceFund NameSharpe Ratio
  
 
1Picton Mahoney Arbitrage Fund1.20
2The HGC Fund LP 1.19
3Picton Mahoney Market Neutral Equity Fund1.18

 




5 Year Sharpe Ratio
 
PlaceFund NameSharpe Ratio
  
 
1The HGC Fund LP 1.18
2Picton Mahoney Arbitrage Fund0.98
3Picton Mahoney Market Neutral Equity Fund0.97

 

 

Global Macro/Managed Futures/Multi-Strategy Category:

1 Year Return
 
PlaceFund NameReturn
  
 
1Libertas Real Asset Opportunities Fund34.74
2ReSolve Evolution Fund33.22
3SMI Opportunities LP21.57

 

 

3 Year Return
 
PlaceFund NameReturn
  
 
1SMI Opportunities LP22.29
2Auspice Diversified Trust16.33
3K2 Principal Trust (The)14.74
 


 


5 Year Return
 
PlaceFund NameReturn
  
 
1AIP Convertible Private Debt Fund LP18.78
2SMI Opportunities LP15.92
3K2 Principal Trust (The)11.74

 

 


3 Year Sharpe Ratio
 
PlaceFund NameSharpe Ratio
  
 
1AIP Convertible Private Debt Fund LP4.03
2Capstone Non-Traditional Equity Pool Fund 1.91
3MacNicol & Associates Alternative Asset Trust1.36



 


5 Year Sharpe Ratio
 
PlaceFund NameSharpe Ratio
  
 
1AIP Convertible Private Debt Fund LP1.82
2Capstone Non-Traditional Equity Pool Fund 1.70
3Kensington Alternative Strategies Fund1.50

 

 

Private Debt

1 Year Return
 
PlaceFund NameReturn
   
1Invico Diversified Income Fund18.74
2Portland Private Income Fund13.40
3Westbridge Capital Partners Income Trust11.54

 




3 Year Return
  
PlaceFund NameReturn
   
 
1Westbridge Capital Partners Income Trust11.56
2Invico Diversified Income Fund10.95
3Portland Private Income Fund10.10

 


  

5 Year Return
  
PlaceFund NameReturn
   
 
1Westbridge Capital Partners Income Trust11.21
2Invico Diversified Income Fund11.18
3Portland Private Income Fund9.27

 

 

Private Equity - NEW Category for 2022

1 Year Return
 
PlaceFund NameReturn
  
 
1Kensington Private Equity Fund16.15
2Hamilton Lane Global Private Assets13.16
3Bridgeport Private Equity Opportunities Fund9.45

 




3 Year Return
 
PlaceFund NameReturn
  
 
1Kensington Private Equity Fund17.57
2BMO Castle Mount Feeder Fund LP9.63
3MacNicol & Associates Emergence Fund9.14
 


 

5 Year Return
  
PlaceFund NameReturn
   
 
1Kensington Private Equity Fund14.84
2MacNicol & Associates Emergence Fund7.23

  

 

THE 2022 Canadian Hedge Fund Conference

In the afternoon of November 22nd, at THE Canadian Hedge Fund Conference preceding the Gala Awards Dinner, individual and institutional investors and their advisors heard Canadian Hedge Fund Managers, Family Office Managers, Investment Advisors and Industry Experts discuss key issues facing Canada's hedge fund industry. The Keynote Address for the Conference was delivered by MPP Peter Bethlenfalvy, Ontario's Minister of Finance.

The 2022 Canadian Hedge Fund Awards program would not have been possible without the generous support of its Sponsors:

  • Principal Sponsor: Fundata Canada
  • Conference Partners: Invico Capital, Marret Asset Management, Waratah Capital Advisors and Wealhouse Capital Management
  • Table Sponsors: RBC Capital Markets and SGGG Fund Services
  • Presenting Sponsors: Borden, Ladner, Gervais and Osler
  • Supporting Hedge Funds: AIP Asset Management, East Coast Fund Management, GFI Investment Counsel, HGC Investment Management, Wavefront Global Asset Management
  • Associate Sponsors: HighView Financial, National Bank Independent Network, Richardson Wealth, Scotiabank, TD Bank
  • Media Partner: Newsfile

The CHFA Winners Showcase 2023 Investor Conference will be held in Toronto in March and will feature award-winning Canadian hedge fund managers.

For more information about the annual CHFA program, go to: www.alternativeiq.com or call:

Julie Makepeace
Managing Director, Alternative IQ; and
President, Alliance Sales and Marketing, Inc.
jmakepeace@alliancesalesandmarketing.com
416-906-3782

About Alternative IQ: Alternative IQ produces the annual Canadian Hedge Fund Awards program and its presentation events held in Toronto each October (performance as at June 30th), the annual CHFA Winners Showcase Investor Conferences which present managers of award-winning hedge funds to investors, and various other programs and publications serving the hedge fund industry in Canada. Alternative IQ is dedicated to celebrating, supporting and expanding Canada's Hedge Fund Industry. AIQ is a division of Alliance Sales and Marketing, Inc.

About the Annual Canadian Hedge Fund Awards: The Annual Canadian Hedge Fund Awards were first held in 2008 and have a two-fold objective: First, to celebrate the talent and accomplishments of Canada's hedge fund industry, and second, to draw attention to Canada's hedge funds by raising the awareness of that expertise in the media and among the wider investment community.

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