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Alternative IQ Announces the Top Contenders for the 2025 Canadian Hedge Fund Awards
September 30, 2025 7:15 AM EDT | Source: Alternative IQ
Toronto, Ontario--(Newsfile Corp. - September 30, 2025) - Alternative IQ today announced the Top Contenders for the 2025 Canadian Hedge Fund Awards, the highest honour in Canada's hedge fund industry. Winners will be announced on Tuesday, October 28th at the Gala Awards Dinner at One King West Hotel in Toronto.
The annual Canadian Hedge Fund Awards program helps investors and their advisors identify the best performing hedge funds by recognizing winners in 7 performance measures across 7 categories as well as the Overall Best 2025 Canadian Hedge Fund. The awards are based solely on quantitative performance data to June 30th, which is collected and tabulated by Fundata Canada to determine the winners.
NEW for 2025 is the addition of 10-year performance metrics which provides a good comparison of Canada's largest, most successful hedge funds against their peers. We have also added a new category to the annual CHFA program: Mortgage Funds to broaden the scope to include more alternative strategies.
A total of 291 Canadian Hedge Funds - the highest number ever - were considered for a 2025 Canadian Hedge Fund Award. For the full Directory of Canadian Hedge Funds, check here: http://alternativeiq.com/hf-directory/ where you will also see a chart as at June 30, 2025 of Average Performance by Hedge Fund Category.
In alphabetical order, the Top Contenders for 2025 Canadian Hedge Fund Awards are:
Overall Best 2025 Canadian Hedge Fund:
(based on 10 year best combined annualized return and Sharpe ratio).
| Canoe Energy Alpha Fund LP |
| AIP Convertible Private Debt Fund LP |
| HGC Fund LP (The) |
| Kipling Global Enhanced Growth Fund |
| Lumen Long Short Equity Fund |
| Pathfinder Partners' Fund |
| Polar Multi-Strategy Fund (Canada) |
| Portland Focused Plus Fund LP |
| SMI Defensive LP |
| SMI Opportunities LP |
2025 CHFAwards - Top Contenders - Equity Focused:
| Best 1 Year Return | Best 3 Year Return |
| DKAM Capital Ideas Fund Dynamic Global Growth Opportunities Fund Lynwood Opportunities Fund Optimist Fund Palos-Mitchell Alpha Fund Pathfinder Resource Fund Portland Focused Plus Fund LP Primevestfund ROMC Fund Viking Global Value Fund | Agilith North American Diversified Fund Bedford Park Opportunities Fund DKAM Capital Ideas Fund Focus International Equity Fund Kipling Global Enhanced Growth Fund Oasis Growth Fund Optimist Fund Palos-Mitchell Alpha Fund ROMC Fund Viking Global Value Fund |
| Best 5 Year Return | Best 10 year Return |
| Agilith North American Diversified Fund Bedford Park Opportunities Fund Calrossie Partners Fund Canoe Energy Alpha Fund LP MMCap Canadian Fund Palos-Mitchell Alpha Fund ROMC Fund Viking Global Value Fund Wealhouse Lions Bay Fund XIB Fund | Calrossie Partners Fund Canoe Energy Alpha Fund LP GFI Good Opportunities Fund Groundlayer Alpha Fund LP Kipling Global Enhanced Growth Fund Lumen Long Short Equity Fund Pathfinder Partners’ Fund Portland Focused Plus Fund LP Primevestfund ROMC Fund |
| Best 3 Year Sharpe Ratio | Best 5 Year Sharpe Ratio |
| Agilith North American Diversified Fund Focus International Equity Fund Groundlayer Alpha Fund LP Kipling Global Enhanced Growth Fund Lumen Long Short Equity Fund Optimist Fund Pathfinder Conviction Fund PICTON Long Short Equity Fund ROMC Fund SMI Defensive LP | Calrossie Partners Fund Canoe Energy Alpha Fund LP Kipling Global Enhanced Growth Fund Lumen Long Short Equity Fund PICTON Long Short Equity Fund ROMC Fund SMI Defensive LP Timelo Strategic Opportunities Fund Viking Global Value Fund Wealhouse Lions Bay Fund |
| Best 10 Year Sharpe Ratio | |
| Canoe Energy Alpha Fund LP Forge First Long Short LP Groundlayer Alpha Fund LP Kipling Global Enhanced Dividend Fund Kipling Global Enhanced Growth Fund Lumen Long Short Equity Fund Pathfinder Partners’ Fund PICTON Long Short Equity Fund SMI Defensive LP Waratah Performance |
2025 CHFAwards - Top Contenders - Credit Focused:
| Best 1 Year Return | Best 3 Year Return |
| Algonquin Debt Strategies Fund LP BMO AM Global Absolute Return Bond Fund Celernus Credit Opportunities Fund East Coast Strategic Credit Trust Focus Credit Opportunities Fund Goodwood Milford Fund Kipling Strategic Income Fund PICTON Credit Opportunities Fund Purpose Credit Opportunities Fund Wealhouse Amplus Credit Income Fund | Algonquin Debt Strategies Fund LP Davis Rea Enhanced Income Fund East Coast Strategic Credit Trust Ewing Morris Flexible Fixed Income Fund LP Focus Credit Opportunities Fund Kipling Strategic Income Fund RP Debt Opportunities Fund RP Select Opportunities Fund Wealhouse Amplus Credit Income Fund YTM Capital Credit Opportunities Fund |
| Best 5 Year Return | Best 10 year Return |
| Algonquin Debt Strategies Fund LP East Coast Strategic Credit Trust Focus Credit Opportunities Fund Goodwood Milford Fund Kipling Strategic Income Fund PICTON Credit Opportunities Fund Purpose Credit Opportunities Fund RP Debt Opportunities Fund RP Select Opportunities Fund Wealhouse Amplus Credit Income Fund | Algonquin Debt Strategies Fund LP Davis Rea Enhanced Income Fund East Coast Strategic Credit Trust Goodwood Milford Fund Ninepoint Credit Income Opportunities Fund PICTON Long Short Income Fund Purpose Credit Opportunities Fund RP Debt Opportunities Fund RP Select Opportunities Fund YTM Capital Credit Opportunities Fund |
| Best 3 Year Sharpe Ratio | Best 5 Year Sharpe Ratio |
| Access Private Income Fund Algonquin Debt Strategies Fund LP East Coast Strategic Credit Trust Focus Credit Opportunities Fund Kipling Strategic Income Fund PICTON Credit Opportunities Fund RP Debt Opportunities Fund RP Select Opportunities Fund Wealhouse Amplus Credit Income Fund YTM Capital Credit Opportunities Fund | Algonquin Debt Strategies Fund LP East Coast Strategic Credit Trust Focus Credit Opportunities Fund Kipling Strategic Income Fund PICTON Credit Opportunities Fund Purpose Credit Opportunities Fund RP Debt Opportunities Fund RP Select Opportunities Fund Wealhouse Amplus Credit Income Fund YTM Capital Credit Opportunities Fund |
| Best 10 Year Sharpe Ratio | |
| Algonquin Debt Strategies Fund LP Davis Rea Enhanced Income Fund East Coast Strategic Credit Trust Goodwood Milford Fund Ninepoint Credit Income Opportunities Fund PICTON Long Short Income Fund Purpose Credit Opportunities Fund RP Debt Opportunities Fund RP Select Opportunities Fund YTM Capital Credit Opportunities Fund |
2025 CHFAwards - Top Contenders - Market Neutral:
| Best 1 Year Return | Best 3 Year Return |
| Caravel Capital (Canada) Fund CC&L Diversified Market Neutral Fund CC&L Global Market Neutral Formula Growth Alpha Fund HGC Fund LP (The) PCJ Absolute Return PICTON Arbitrage Fund PICTON Arbitrage Plus Fund PICTON Market Neutral Equity Fund Waratah One | Caravel Capital (Canada) Fund CC&L Diversified Market Neutral Fund CC&L Global Market Neutral CC&L Market Neutral Fund HGC Fund LP (The) PCJ Absolute Return PICTON Arbitrage Fund PICTON Arbitrage Plus Fund PICTON Market Neutral Equity Fund Waratah One X |
| Best 5 Year Return | Best 10 year Return |
| Altema Diversified Equity Market Neutral Fund Caravel Capital (Canada) Fund CC&L Diversified Market Neutral Fund CC&L Global Market Neutral HGC Fund LP (The) PCJ Absolute Return PICTON Arbitrage Fund PICTON Arbitrage Plus Fund PICTON Market Neutral Equity Fund Waratah One X | CC&L Diversified Market Neutral Fund CC&L Market Neutral Fund Formula Growth Alpha Fund HGC Fund LP (The) PCJ Absolute Return PICTON Arbitrage Fund PICTON Market Neutral Equity Fund Waratah One |
| Best 3 Year Sharpe Ratio | Best 5 Year Sharpe Ratio |
| Caravel Capital (Canada) Fund CC&L Diversified Market Neutral Fund CC&L Global Market Neutral CC&L Market Neutral Fund Formula Growth Alpha Fund HGC Fund LP (The) PCJ Absolute Return PICTON Arbitrage Plus Fund PICTON Market Neutral Equity Fund Waratah One X | Caravel Capital (Canada) Fund CC&L Diversified Market Neutral Fund CC&L Global Market Neutral HGC Fund LP (The) PCJ Absolute Return PICTON Arbitrage Fund PICTON Arbitrage Plus Fund PICTON Market Neutral Equity Fund Waratah One Waratah One X |
| Best 10 Year Sharpe Ratio | |
| CC&L Diversified Market Neutral Fund CC&L Market Neutral Fund Formula Growth Alpha Fund HGC Fund LP (The) PCJ Absolute Return PICTON Arbitrage Fund PICTON Market Neutral Equity Fund Waratah One |
2025 CHFAwards - Top Contenders - Global Macro/Managed Futures/Multi-Strategy:
| Best 1 Year Return | Best 3 Year Return |
| CC&L Absolute Return Fund Fieldhouse Global Managed Futures Forge First Multi Strategy LP K2 Principal Fund LP (The) Meckelborg MFG Diversified Strategy Fund MFG Alternative Strategies Fund Palos Income Fund, LP PICTON Multi-Strategy Alpha Fund SIA ML Global Tactical Pool SMI Opportunities LP | CC&L Absolute Return Fund Forge First Multi Strategy LP Level 3 Total Return Opportunities Fund Meckelborg MFG Diversified Strategy Fund MFG Alternative Strategies Fund Palos Income Fund, LP PH&N Absolute Return Fund PICTON Multi-Strategy Alpha Fund Viewpoint Enhanced Global Multi-Asset Viewpoint Global Multi-Asset Trust |
| Best 5 Year Return | Best 10 year Return |
| CC&L Absolute Return Fund Fieldhouse Enhanced Pension Plus Forge First Multi Strategy LP Level 3 Total Return Opportunities Fund Meckelborg MFG Diversified Strategy Fund Palos Income Fund, LP PH&N Absolute Return Fund SIA ML Global Tactical Pool SMI Opportunities LP Westcourt Performance Portfolio | AIP Convertible Private Debt Fund LP CC&L Absolute Return Fund Forge First Multi Strategy LP K2 Principal Fund LP (The) Meckelborg MFG Diversified Strategy Fund Palos Income Fund, LP PH&N Absolute Return Fund Polar Multi-Strategy Fund (Canada) RBC Multi-Strategy Alpha Fund SMI Opportunities LP |
| Best 3 Year Sharpe Ratio | Best 5 Year Sharpe Ratio |
| CC&L Absolute Return Fund Forge First Multi Strategy LP IP Alternative Strategies Fund Level 3 Total Return Opportunities Fund Meckelborg MFG Diversified Strategy Fund PH&N Absolute Return Fund PICTON Multi-Strategy Alpha Fund Polar Multi-Strategy Fund (Canada) RBC Multi-Strategy Alpha Fund Westcourt Performance Portfolio | CC&L Absolute Return Fund Fieldhouse Enhanced Pension Plus Forge First Multi Strategy LP Level 3 Total Return Opportunities Fund Northfront Alternative Asset Fund PH&N Absolute Return Fund Polar Multi-Strategy Fund (Canada) RBC Multi-Strategy Alpha Fund SMI Opportunities LP Westcourt Performance Portfolio |
| Best 10 Year Sharpe Ratio | |
| AIP Convertible Private Debt Fund LP Capstone Non-Traditional Equity Pool Fund CC&L Absolute Return Fund Forge First Multi Strategy LP K2 Principal Fund LP (The) Meckelborg MFG Diversified Strategy Fund Palos Income Fund, LP Polar Multi-Strategy Fund (Canada) RBC Multi-Strategy Alpha Fund SMI Opportunities LP |
2025 CHFAwards – Top Contneders - Private Debt:
| Best 1 Year Return | Best 3 Year Return |
| AGF SAF Private Credit LP Celernus Pivot Private Credit Fund Evergreen GAP Debt LP KIWI Business Credit Fund LP Merchant Opportunities Fund LP Nicola Private Debt Fund Vault High Yield Credit Fund Westbridge Capital Partners Income Trust Westmount Alternative Income Fund Yorkville Private Lending LP | Celernus Pivot Private Credit Fund Cortland Credit Strategies LP Evergreen GAP Debt LP Kinsted Strategic Income Pool KIWI Business Credit Fund LP Merchant Opportunities Fund LP Nicola Private Debt Fund Westbridge Capital Partners Income Trust Westmount Alternative Income Fund Yorkville Private Lending LP |
| Best 5 Year Return | Best 10 year Return |
| Bridgeport Alternative Income Fund Celernus Pivot Private Credit Fund Cortland Credit Strategies LP Invico Diversified Income Fund Kinsted Strategic Income Pool Merchant Opportunities Fund LP Nicola Private Debt Fund Ninepoint TEC Private Credit Fund Portland Private Income Fund Westbridge Capital Partners Income Trust | Cortland Credit Strategies LP Invico Diversified Income Fund Merchant Opportunities Fund LP Portland Private Income Fund |
2025 CHFAwards - Top Contenders - Private Equity
| Best 1 Year Return | Best 3 Year Return |
| Bridgeport Private Equity Opportunities Fund Caldwell Growth Opportunities Fund Canoe Global Private Equity Fund Kinsted Strategic Growth Pool MacNicol & Associates Emergence Fund Morningside Vintage Secondary 2022 LP Morningside Vintage Secondary 2023 LP Portland Global Sustainable Evergreen LP Starlight Global Private Equity Pool TURN8 Opportunity Fund LP | Bridgeport Private Equity Opportunities Fund Caldwell Growth Opportunities Fund Canoe Global Private Equity Fund Kensington Private Equity Fund Kinsted Strategic Growth Pool MacNicol & Associates Emergence Fund Morningside Vintage Secondary 2022 LP Portland Global Sustainable Evergreen LP Yorkville Pre-IPO Equity LP |
| Best 5 Year Return | Best 10 year Return |
| Caldwell Growth Opportunities Fund Kensington Private Equity Fund Kinsted Strategic Growth Pool MacNicol & Associates Emergence Fund Portland Global Sustainable Evergreen LP | Caldwell Growth Opportunities Fund Kensington Private Equity Fund MacNicol & Associates Emergence Fund |
2025 CHFAwards - Top Contenders - Mortgage Funds
| Best 1 Year Return | Best 3 Year Return |
| Antrim Balanced Mortgage Fund Cameron Stephens High Yield Mortgage Trust Capital Direct 1 Income Trust Capstone First Mortgage Fund LP Celernus Mortgage and Income Trust Fund CMLS Mortgage Fund Sterling Mortgage Income Fund Vault Commercial Mortgage Fund Vault Real Property Secured Debt Fund Westboro Mortgage Investment Fund | Antrim Balanced Mortgage Fund Cameron Stephens High Yield Mortgage Trust Capital Direct 1 Income Trust Capstone First Mortgage Fund LP Celernus Mortgage and Income Trust Fund CMLS Mortgage Fund Sterling Mortgage Income Fund Vault Commercial Mortgage Fund Vault Real Property Secured Debt Fund Westboro Mortgage Investment Fund |
| Best 5 Year Return | Best 10 year Return |
| Antrim Balanced Mortgage Fund Cameron Stephens High Yield Mortgage Trust Capital Direct 1 Income Trust Capstone First Mortgage Fund LP Capstone Mortgage Pool Celernus Mortgage and Income Trust Fund CMLS Mortgage Fund Sterling Mortgage Income Fund Vault Real Property Secured Debt Fund Westboro Mortgage Investment Fund | ACM Commercial Mortgage Fund Alitis Private Mortgage Fund Antrim Balanced Mortgage Fund Capital Direct 1 Income Trust Capstone Mortgage Opportunities Fund LP Capstone Mortgage Pool Celernus Mortgage and Income Trust Fund Romspen Mortgage Investment Fund Westboro Mortgage Investment Fund YTM Capital Mortgage Income Fund |
The 18th Annual Canadian Hedge Fund Awards Gala Dinner will be held on Tuesday, October 28, 2025 in the Grand Banking Hall at One King West Hotel, Toronto
The 2025 Canadian Hedge Fund Awards will be announced, and trophies presented to the Winners, at the Annual Gala Awards Dinner. A networking Cocktail Reception begins at 5:00pm. The dinner will commence at 6:30pm with a Keynote Address by Jay Bala, CEO & Senior Portfolio Manager, and John Cooper, Advisor & Director, of AIP Asset Management. AIP received the 2024 Best Overall Canadian Hedge Fund Award.
Fundata Canada is the Principal Sponsor of the 2025 Canadian Hedge Fund Awards program. This year's CHFA Program and its Gala Awards Dinner would simply not be possible without their generous support and that of all the sponsors and event partners including National Bank, Newsfile, SGGG Fund Services and TD Securities.
Interested fund managers, investors, and industry experts can find out more information and purchase tickets here: www.alternativeiq.com, or contact:
Julie Makepeace
Managing Director, Alternative IQ
jmakepeace@alliancesalesandmarketing.com
416-906-3782
About Alternative IQ: Alternative IQ is dedicated to celebrating, supporting and expanding Canada's Hedge Fund Industry. AIQ produces the annual Canadian Hedge Fund Awards program and its presentation events (performance as at June 30th). Alternative IQ also produces the annual CHFA Winners Showcase Investor Conferences, at which the Managers of award-winning hedge funds present to investors. AIQ maintains the most comprehensive directory of hedge funds in Canada and produces various conferences, programs and publications serving the hedge fund industry in Canada. Alternative IQ 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 recognize and celebrate the talent in Canada's hedge fund industry and, second, to raise awareness of that expertise throughout the wider investment community. The Canadian Hedge Fund 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.
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