Alternative IQ Announces Winners of the 2024 Canadian Hedge Fund Awards

November 06, 2024 7:15 AM EST | Source: Alternative IQ

Toronto, Ontario--(Newsfile Corp. - November 6, 2024) - The 2024 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 2024 Canadian Hedge Fund.

A total of 273 Canadian Hedge Funds were included in the 2024 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, 2024

CategoryAvg
1Yr
Return
Avg
3Yr
Return
Avg
5Yr
Return
Avg
3Yr
Sharpe
Avg
5Yr
Sharpe
Equity Focused10.64%0.23%7.44%-0.010.44
Credit Focused9.19%4.36%5.28%0.440.42
Market Neutral8.26%4.86%5.30%0.240.53
Global Macro/Managed Futures/Multi-Strategy8.76%2.71%5.62%0.090.44
Private Debt6.29%6.67%6.65%

Private Equity6.82%5.46%3.94%

Total9.77%1.82%6.53%0.100.44

 

Overall Best 2024 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
Return
10 Year
Sharpe Ratio
 
1AIP Convertible Private Debt Fund LP22.61%1.17 
2Lumen Long Short Equity Fund12.42%1.15 
3SMI Defensive LP10.91%1.22 
     

 

2024 Canadian Hedge Fund Award Winners by Category are:

Equity Focused Category

1 Year Return 
Place Fund NameReturn 
1 Bedford Park Opportunities Fund74.63% 
2 DKAM Capital Ideas Fund51.69% 
3 Kipling Global Enhanced Growth Fund33.86% 

 

 

 

 
3 Year Return 
Place Fund NameReturn 
1 Canoe Energy Alpha Fund LP34.90% 
2 Wealhouse Lions Bay Fund20.93% 
3 SMI Defensive LP16.16% 

 

 

 

 
5 Year Return 
Place Fund NameReturn 
1 Canoe Energy Alpha Fund LP26.85% 
2 Wealhouse Lions Bay Fund21.42% 
3 Pathfinder Resource Fund17.90% 

 

 

 

 
3 Year Sharpe Ratio 
Place Fund NameSharpe Ratio 
1 SMI Defensive LP3.99 
2 Wealhouse Lions Bay Fund1.80 
3 Canoe Energy Alpha Fund LP1.66 

 

 

 

 
5 Year Sharpe Ratio 
Place Fund NameSharpe Ratio 
1 Wealhouse Lions Bay Fund1.83 
2 SMI Defensive LP1.31 
3 Lumen Long Short Equity Fund1.21 
     

 

Credit Focused Category:

1 Year Return 
Place Fund NameReturn 
1 RP Select Opportunities Fund15.26% 
2 East Coast Strategic Credit Trust14.35% 
3 Kipling Strategic Income Fund13.65% 

 

 

 

 
3 Year Return 
Place Fund NameReturn 
1 NorthStream Credit Strategies Fund LP12.29% 
2 Wealhouse Amplus Credit Income Fund10.02% 
3 East Coast Strategic Credit Trust8.02% 

 

 

 

 
5 Year Return 
Place Fund NameReturn 
1 NorthStream Credit Strategies Fund LP14.72% 
2 RP Select Opportunities Fund8.85% 
3 East Coast Strategic Credit Trust7.83% 

 

 

 

 
3 Year Sharpe Ratio 
Place Fund NameSharpe Ratio 
1 Wealhouse Amplus Credit Income Fund3.25 
2 Access Private Income Fund2.75 
3 NorthStream Credit Strategies Fund LP1.60 

 

 

 

 
5 Year Sharpe Ratio 
Place Fund NameSharpe Ratio 
1 NorthStream Credit Strategies Fund LP1.15 
2 Picton Mahoney Special Situations Fund0.84 
3 Kipling Strategic Income Fund0.75 
     

 

Market Neutral Category:

1 Year Return 
Place Fund NameReturn 
1 RBC QUBE Market Neutral World Equity19.65% 
2 CC&L Global Market Neutral 13.93% 
3 Waratah One X10.87% 

 

 

 

 
3 Year Return 
Place Fund NameReturn 
1 Altema Diversified Equity Market Neutral Fund16.72% 
2 RBC QUBE Market Neutral World Equity12.47% 
3 CC&L Global Market Neutral 9.49% 

 

 

 

 
5 Year Return 
Place Fund NameReturn 
1 Picton Mahoney Arbitrage Plus Fund11.30% 
2 HGC Fund LP (The)10.93% 
3 CC&L Global Market Neutral 8.17% 

 

 

 

 
3 Year Sharpe Ratio 
Place Fund NameSharpe Ratio 
1 CC&L Global Market Neutral 1.50 
2 RBC QUBE Market Neutral World Equity1.44 
3 Picton Mahoney Market Neutral Equity Fund0.82 

 

 

 

 
5 Year Sharpe Ratio 
Place Fund NameSharpe Ratio 
1 Picton Mahoney Market Neutral Equity Fund1.13 
2 CC&L Global Market Neutral 1.00 
3 Picton Mahoney Arbitrage Plus Fund0.98 
     

 

Global Macro/Managed Futures/Multi-Strategy Category:

1 Year Return 
Place Fund NameReturn 
1 CC&L Absolute Return Fund24.76% 
2 SIA ML Global Tactical Pool19.30% 
3 Level 3 Total Return Opportunities Fund18.05% 

 

 

 

 
3 Year Return 
Place Fund NameReturn 
1 CC&L Absolute Return Fund12.76% 
2 SMI Opportunities LP11.97% 
3 Level 3 Total Return Opportunities Fund 9.35% 

 

 

 

 
5 Year Return 
Place Fund NameReturn 
1 SMI Opportunities LP16.12% 
2 Level 3 Total Return Opportunities Fund14.39% 
3 CC&L Absolute Return Fund12.56% 

 

 

 

 
3 Year Sharpe Ratio 
Place Fund NameSharpe Ratio 
1 Westcourt Performance Portfolio1.19 
2 CC&L Absolute Return Fund1.13 
3 RBC Multi-Strategy Alpha Fund0.83 

 

 

 

 
5 Year Sharpe Ratio 
Place Fund NameSharpe Ratio 
1 Forge First Multi Strategy LP1.15 
2 CC&L Absolute Return Fund1.09 
3 Level 3 Total Return Opportunities Fund1.09 
     

 

Private Debt

1 Year Return 
Place Fund NameReturn 
1 AGF SAF Private Credit LP15.52% 
2 Purpose Apollo Private Credit Fund15.01% 
3 KIWI Business Credit Fund LP13.56% 

 

 

 

 
3 Year Return 
Place Fund NameReturn 
1 Merchant Opportunities Fund LP13.20% 
2 Espresso Venture Debt Trust11.96% 
3 Invico Diversified Income Fund11.70% 

 

 

 

 
5 Year Return 
Place Fund NameReturn 
1 Espresso Venture Debt Trust11.21% 
2 Westbridge Capital Partners Income Trust10.92% 
3 Invico Diversified Income Fund 9.90% 
     

 

Private Equity

1 Year Return 
Place Fund NameReturn 
1 Purpose Pantheon Private Equity Fund13.03% 
2 Hamilton Lane Global Private Assets10.78% 
3 Canoe Global Private Equity Fund9.63% 

 

 

 

 
3 Year Return 
Place Fund NameReturn 
1 Hamilton Lane Global Private Assets14.33% 
2 Portland Global Sustainable Evergreen LP8.75% 
3 Canoe Global Private Equity Fund7.96% 

 

 

 

 
5 Year Return 
Place Fund NameReturn 
1 Kensington Private Equity Fund10.81% 
2 Portland Global Sustainable Evergreen LP7.42% 
3 MacNicol & Associates Emergence Fund4.01% 
     

 

The 2024 Canadian Hedge Fund Awards program would not have been possible without the generous support of its Sponsors:

  • Principal Sponsor: Fundata Canada

  • Table Sponsors: Pinnacle Fund Services, RBC Capital Markets and SGGG Fund Services

  • Associate Sponsors: National Bank Independent Network, Scotiabank, and TD Bank

  • Media Partner: Newsfile

The CHFA Winners Showcase 2025 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 autumn (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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