2018 Canadian Hedge Fund Award Winners Announced by Alternative IQ
October 17, 2018 7:00 AM EDT | Source: Alternative IQ
Toronto, Ontario--(Newsfile Corp. - October 17, 2018) - The Canadian Hedge Fund Awards, the highest honour in Canada's hedge fund industry, were presented yesterday evening at a Gala Dinner at One King West Hotel in Toronto with 145 guests in attendance.
The Gala Awards Dinner was preceded in the afternoon by THE 2018 Canadian Hedge Fund Conference at which Benjamin Tal, Managing Director and Deputy Chief Economist, CIBC Capital Markets, delivered the Keynote Address entitled: "Normalizing the Abnormal". Pension Funds from the US and Canada, Family Offices and IIROC Dealers discussed the opportunities hedge funds provide for investment portfolios, and shared their views on the trends in Canada's hedge fund industry and how the industry will grow going forward.
The Canadian Hedge Fund Awards help investors identify the most exceptional hedge funds, recognizing winners in 5 categories as well as the Overall Best 2018 Canadian Hedge Fund. A total of 207 Canadian hedge funds participated in the 2018 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.
The 2018 Canadian Hedge Fund Award winners are:
Overall Best 2018 Canadian Hedge Fund:
(based on best combined 10 year annualized return and Sharpe ratio).
Place | Fund Name | 10 Year Return | 10 Year Sharpe Ratio |
1st | Blair Franklin Global Credit Fund | 10.10 | 2.77 |
2nd | King & Victoria Fund LP | 17.64 | 1.30 |
3rd | JM Catalyst Fund | 11.19 | 2.24 |
Equity Focused Category
Best 1 Year Return:
1st | MMCap Canadian Fund | 56.49 |
2nd | Venator Select Fund | 46.63 |
3rd | Dynamic Global Growth Opportunities Fund | 37.81 |
Best 5 Year Return:
1st | Pathfinder Partners' Fund | 25.64 |
2nd | Primevestfund | 20.14 |
3rd | Portland Focused Plus Fund LP | 19.08 |
Best 5 Year Sharpe Ratio:
1st | Maxam Diversified Strategies Fund | 1.77 |
2nd | Forge First Long Short LP | 1.66 |
3rd | Thornmark Alpha Fund | 1.53 |
Credit Focused Category:
Best 1 Year Return:
1st | Purpose Credit Opportunities Fund | 16.95 |
2nd | NorthStream Credit Strategies Fund LP | 9.80 |
3rd | East Coast Performance Fund LP | 9.25 |
Best 5 Year Return:
1st | Fulcra Credit Opportunities Fund | 7.47 |
2nd | Guardian Strategic Income Fund | 7.37 |
3rd | Goodwood Milford Fund | 7.34 |
Best 5 Year Sharpe Ratio:
1st | Blair Franklin Global Credit Fund | 3.08 |
2nd | RP Debt Opportunities Fund | 2.62 |
3rd | Lawrence Park Credit Strategies Fund | 2.29 |
Market Neutral Category:
Best 1 Year Return:
1st | Purpose Multi-Strategy Market Neutral Fund | 10.73 |
2nd | CC&L Global Market Neutral Fund | 7.38 |
3rd | HGC Arbitrage Fund LP | 6.66 |
Best 5 Year Return:
1st | HGC Arbitrage Fund LP | 13.55 |
2nd | CC&L Global Market Neutral Fund | 11.69 |
3rd | PCJ Absolute Return | 9.42 |
Best 5 Year Sharpe Ratio:
1st | HGC Arbitrage Fund LP | 2.92 |
2nd | Amethyst Arbitrage Fund (Canada) | 1.71 |
3rd | WARATAH One | 1.45 |
Global Macro/Managed Futures/Multi-Strategy Category:
Best 1 Year Return:
1st | Barometer Global Macro Pool | 11.22 |
2nd | Palos Income Fund, LP | 11.15 |
3rd | Kensington Alternative Strategies Fund | 7.57 |
Best 5 Year Return:
1st | Barometer Global Macro Pool | 14.35 |
2nd | Claret Global Multi-Asset Fund | 12.89 |
3rd | CC&L Absolute Return Fund | 12.00 |
Best 5 Year Sharpe Ratio:
1st | JM Catalyst Fund | 2.14 |
2nd | Kensington Alternative Strategies Fund | 1.99 |
3rd | Forge First Multi Strategy LP | 1.47 |
Private Debt
Best 1 Year Return
1st | Third Eye Capital Alternative Credit Trust | 14.20 |
2nd | Bridging Private Debt Institutional Fund | 10.70 |
3rd | Ninepoint TEC Private Credit Fund | 10.08 |
Best 5 Year Return
1st | Portland Private Income Fund | 9.04 |
2nd | N/A | |
3rd | N/A |
Best 5 Year Sharpe Ratio
1st | Portland Private Income Fund | 9.82 |
2nd | N/A | |
3rd | N/A |
Average Performance of Canadian Hedge Funds to June 30, 2018
By Category | 1 Yr Return | 5 Yr Return | 5 Yr Sharpe Ratio |
Credit Focused | 3.94% | 4.85% | 1.34 |
Equity Focused | 8.10% | 8.10% | 0.85 |
Market Neutral | 2.02% | 5.65% | 0.97 |
Global Macro/Managed Futures/Multi-Strategy | -1.16% | 5.49% | 0.73 |
Private Debt | 8.80% | 9.04% | 9.82 |
All Hedge Funds included in the 2018 CHFAs | 5.19% | 6.77% | 0.99 |
Awards were also presented to those service providers that Canadian hedge fund managers voted most valuable to them: SGGG Fund Services received the award for top Canadian Hedge Fund Administrator, the top Canadian Prime Broker award went to CIBC Prime Services, McMillan LLP was awarded top Canadian Law Firm and KPMG LLP was voted the top Canadian Accounting Firm.
The 2018 Canadian Hedge Fund Awards program would not be possible without the generous support of its Sponsors:
- Principal Sponsors: Fundata Canada and KPMG LLP
- Table Sponsors: SS&C CommonWealth and SGGG Fund Services,
- Contributing Presenters: CIBC Capital Markets, McMillan LLP, and Sigma Analysis and Management
- Associate Sponsors: Alliance Sales and Marketing, AUM Law, Cidel Asset Management, Independent Review Inc, Introduction Capital, K J Harrison Investors, Our Family Office, Scotia Wealth Management, Richardson GMP and RBC Dominion Securities
- Media Partners: 100 Women in Finance, AIMA Canada, CAIA, Hedge Fund Alert, Newsfile, PCMA, Preqin
Help for Children was the Chosen Charity Partner for the 2018 Canadian Hedge Fund Awards program.
For more information about the annual CHFA program, the 2018 Top Contenders and the full directory of hedge funds participating in the 2018 Canadian Hedge Fund 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, held in Toronto each October (performance as at June 30th), the CHFA Winners Showcase Investor Conferences which present managers of the 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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