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Alternative IQ Announces Winners of the 2023 Canadian Hedge Fund Awards
October 18, 2023 7:15 AM EDT | Source: Alternative IQ
Toronto, Ontario--(Newsfile Corp. - October 18, 2023) - The 2023 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 2023 Canadian Hedge Fund.
A total of 264 Canadian Hedge Funds were included in the 2023 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 Canadian Hedge Fund Performance as at June 30, 2023
| Category | Avg 1Yr Return | Avg 3Yr Return | Avg 5Yr Return | Avg 3Yr Sharpe | Avg 5Yr Sharpe |
| Equity Focused | 3.94% | 9.69% | 5.01% | 0.56 | 0.31 |
| Credit Focused | 6.47% | 6.15% | 4.25% | 0.87 | 0.38 |
| Market Neutral | 2.61% | 5.00% | 2.69% | 0.47 | 0.23 |
| Global Macro/Managed Futures/Multi-Strategy | 2.01% | 6.42% | 3.83% | 0.62 | 0.38 |
| Private Debt | 5.04% | 6.10% | 6.11% | ||
| Private Equity | 6.82% | 7.44% | 3.80% | ||
| Total | 3.89% | 8.02% | 4.41% | 0.61 | 0.33 |
Overall Best 2023 Canadian Hedge Fund:
(based on best combined 10-year annualized return and Sharpe ratio).
| (based on 10 Year Return AND Sharpe Ratio) | |||
| Place | Fund Name | 10 Year Return | 10 Year Sharpe Ratio |
| 1 | The HGC Fund LP | 12.67% | 1.55 |
| 2 | Pathfinder Partners' Fund | 18.33% | 1.00 |
| 3 | Forge First Long Short LP | 11.44% | 1.19 |
2023 Canadian Hedge Fund Award Winners by Category are:
Equity Focused Category
| 1 Year Return | ||
| Place | Fund Name | Return |
| 1 | Agilith North American Diversified Fund | 62.55% |
| 2 | Kipling Global Enhanced Growth Fund | 28.67% |
| 3 | GFI Good Opportunities Fund | 25.36% |
| | ||
| 3 Year Return | ||
| Place | Fund Name | Return |
| 1 | Canoe Energy Alpha Fund LP | 56.72% |
| 2 | Agilith North American Diversified Fund | 37.72% |
| 3 | Broadview Dark Horse LP (Ewing Morris & Co.) | 33.25% |
| | ||
| 5 Year Return | ||
| Place | Fund Name | Return |
| 1 | Canoe Energy Alpha Fund LP | 24.29% |
| 2 | Lynwood Opportunities Fund | 19.25% |
| 3 | Broadview Dark Horse LP (Ewing Morris & Co.) | 15.32% |
| | ||
| 3 Year Sharpe Ratio | ||
| Place | Fund Name | Sharpe Ratio |
| 1 | SMI Defensive LP | 3.71 |
| 2 | Wealhouse Lions Bay Fund | 2.74 |
| 3 | Canoe Energy Alpha Fund LP | 2.50 |
| | ||
| 5 Year Sharpe Ratio | ||
| Place | Fund Name | Sharpe Ratio |
| 1 | SMI Defensive LP | 1.31 |
| 2 | Timelo Strategic Opportunities Fund | 1.11 |
| 3 | Canoe Energy Alpha Fund LP | 1.03 |
| | ||
Credit Focused Category:
| 1 Year Return | ||
| Place | Fund Name | Return |
| 1 | East Coast Investment Grade Fund II (Arrow) | 13.14% |
| 2 | RP Select Opportunities Fund | 12.82% |
| 3 | Wealhouse Amplus Credit Income Fund | 12.73% |
| | ||
| 3 Year Return | ||
| Place | Fund Name | Return |
| 1 | NorthStream Credit Strategies Fund LP | 28.51% |
| 2 | Wealhouse Amplus Credit Income Fund | 14.86% |
| 3 | RP Select Opportunities Fund | 14.84% |
| | ||
| 5 Year Return | ||
| Place | Fund Name | Return |
| 1 | NorthStream Credit Strategies Fund LP | 14.07% |
| 2 | RP Select Opportunities Fund | 7.37% |
| 3 | East Coast Investment Grade Fund II (Arrow) | 7.30% |
| | ||
| 3 Year Sharpe Ratio | ||
| Place | Fund Name | Sharpe Ratio |
| 1 | Wealhouse Amplus Credit Income Fund | 2.92 |
| 2 | NorthStream Credit Strategies Fund LP | 2.62 |
| 3 | East Coast Investment Grade Fund II (Arrow) | 1.77 |
| | ||
| 5 Year Sharpe Ratio | ||
| Place | Fund Name | Sharpe Ratio |
| 1 | NorthStream Credit Strategies Fund LP | 1.14 |
| 2 | Picton Mahoney Special Situations Fund | 0.66 |
| 3 | East Coast Investment Grade Fund II (Arrow) | 0.58 |
| | ||
Market Neutral Category:
| 1 Year Return | ||
| Place | Fund Name | Return |
| 1 | RBC QUBE Market Neutral World Equity | 9.01% |
| 2 | Picton Mahoney Market Neutral Equity Fund | 6.97% |
| 3 | Altema Diversified Equity Market Neutral Fund | 5.75% |
| | ||
| 3 Year Return | ||
| Place | Fund Name | Return |
| 1 | Altema Diversified Equity Market Neutral Fund | 16.28% |
| 2 | Traynor Ridge TR1 Fund | 13.25% |
| 3 | Picton Mahoney Arbitrage Plus Fund | 12.43% |
| | ||
| 5 Year Return | ||
| Place | Fund Name | Return |
| 1 | The HGC Fund LP | 11.8% |
| 2 | Picton Mahoney Arbitrage Plus Fund | 10.9% |
| 3 | Picton Mahoney Market Neutral Equity Fund | 6.1% |
| | ||
| 3 Year Sharpe Ratio | ||
| Place | Fund Name | Sharpe Ratio |
| 1 | Traynor Ridge TR1 Fund | 1.53 |
| 2 | Picton Mahoney Market Neutral Equity Fund | 1.34 |
| 3 | CC&L Global Market Neutral | 1.15 |
| | ||
| 5 Year Sharpe Ratio | ||
| Place | Fund Name | Sharpe Ratio |
| 1 | The HGC Fund LP | 1.09 |
| 2 | Picton Mahoney Arbitrage Plus Fund | 1.01 |
| 3 | Picton Mahoney Market Neutral Equity Fund | 0.99 |
| | ||
Global Macro/Managed Futures/Multi-Strategy Category:
| 1 Year Return | ||
| Place | Fund Name | Return |
| 1 | Level 3 Total Return Opportunities Fund | 17.94% |
| 2 | Viewpoint Global Risk Parity L.P. | 12.29% |
| 3 | Palos Income Fund LP | 11.07% |
| | ||
| 3 Year Return | ||
| Place | Fund Name | Return |
| 1 | SMI Opportunities LP | 32.55% |
| 2 | Level 3 Total Return Opportunities Fund | 18.95% |
| 3 | Palos Income Fund LP | 15.20% |
| | ||
| 5 Year Return | ||
| Place | Fund Name | Return |
| 1 | SMI Opportunities LP | 11.27% |
| 2 | Level 3 Total Return Opportunities Fund | 10.04% |
| 3 | AIP Convertible Private Debt Fund LP | 8.95% |
| | ||
| 3 Year Sharpe Ratio | ||
| Place | Fund Name | Sharpe Ratio |
| 1 | Capstone Non-Traditional Equity Pool Fund | 1.72 |
| 2 | Level 3 Total Return Opportunities Fund | 1.54 |
| 3 | Forge First Multi Strategy LP | 1.53 |
| | ||
| 5 Year Sharpe Ratio | ||
| Place | Fund Name | Sharpe Ratio |
| 1 | Capstone Non-Traditional Equity Pool Fund | 1.07 |
| 2 | Kensington Alternative Strategies Fund | 1.05 |
| 3 | Forge First Multi Strategy LP | 1.04 |
| | ||
Private Debt
| 1 Year Return | ||
| Place | Fund Name | Return |
| 1 | KIWI Business Credit Fund LP | 15.28% |
| 2 | Westbridge Capital Partners Income Trust | 9.64% |
| 3 | Invico Diversified Income Fund | 9.39% |
| | ||
| 3 Year Return | ||
| Place | Fund Name | Return |
| 1 | Invico Diversified Income Fund | 13.84% |
| 2 | Portland Private Income Fund | 10.96% |
| 3 | Westbridge Capital Partners Income Trust | 10.90% |
| | ||
| 5 Year Return | ||
| Place | Fund Name | Return |
| 1 | Westbridge Capital Partners Income Trust | 11.16% |
| 2 | Invico Diversified Income Fund | 10.97% |
| 3 | Portland Private Income Fund | 9.17% |
| | ||
Private Equity
| 1 Year Return | ||
| Place | Fund Name | Return |
| 1 | Hamilton Lane Global Private Assets | 19.19% |
| 2 | Portland Global Sustainable Evergreen LP | 11.79% |
| 3 | Quintessence Wealth Enhanced Private Debt/Equity Fund | 7.60% |
| | ||
| 3 Year Return | ||
| Place | Fund Name | Return |
| 1 | Kensington Private Equity Fund | 14.92% |
| 2 | Portland Global Sustainable Evergreen LP | 7.77% |
| 3 | Quintessence Wealth Enhanced Private Debt/Equity Fund | 7.24% |
| | ||
| 5 Year Return | ||
| Place | Fund Name | Return |
| 1 | Kensington Private Equity Fund | 11.70% |
| 2 | Portland Global Sustainable Evergreen LP | 7.15% |
| 3 | MacNicol & Associates Emergence Fund | 5.38% |
| | ||
The 2023 Canadian Hedge Fund Awards program would not have been possible without the generous support of its Sponsors:
- Principal Sponsor: Fundata Canada
- Table Sponsors: MNP and SGGG Fund Services
- Presenting Sponsor: Interactive Brokers, Canada
- Event Partners: GFI Investment Counsel, HGC Investment Management,
- Associate Sponsors: National Bank Independent Network, RBC Capital Markets, Scotiabank, TD Bank
- Media Partner: Newsfile
The CHFA Winners Showcase 2024 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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