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).

PlaceFund Name10 Year Return10 Year Sharpe Ratio
 
1stBlair Franklin Global Credit Fund10.102.77
2ndKing & Victoria Fund LP17.641.30
3rdJM Catalyst Fund11.192.24

 

Equity Focused Category

Best 1 Year Return:

1stMMCap Canadian Fund56.49
2ndVenator Select Fund46.63
3rdDynamic Global Growth Opportunities Fund37.81

 

Best 5 Year Return:                   

1stPathfinder Partners' Fund25.64
2ndPrimevestfund20.14
3rdPortland Focused Plus Fund LP19.08

 

Best 5 Year Sharpe Ratio:    

1stMaxam Diversified Strategies Fund1.77
2ndForge First Long Short LP1.66
3rdThornmark Alpha Fund1.53

 

Credit Focused Category:

Best 1 Year Return:                   

1stPurpose Credit Opportunities Fund16.95
2ndNorthStream Credit Strategies Fund LP9.80
3rdEast Coast Performance Fund LP9.25

 

Best 5 Year Return:                   

1stFulcra Credit Opportunities Fund7.47
2ndGuardian Strategic Income Fund7.37
3rdGoodwood Milford Fund7.34

 

Best 5 Year Sharpe Ratio:    

1stBlair Franklin Global Credit Fund3.08
2ndRP Debt Opportunities Fund2.62
3rdLawrence Park Credit Strategies Fund2.29

 

Market Neutral Category:

Best 1 Year Return:                   

1stPurpose Multi-Strategy Market Neutral Fund10.73
2ndCC&L Global Market Neutral Fund7.38
3rdHGC Arbitrage Fund LP6.66

 

Best 5 Year Return:             

1stHGC Arbitrage Fund LP13.55
2ndCC&L Global Market Neutral Fund11.69
3rdPCJ Absolute Return9.42

 

Best 5 Year Sharpe Ratio:    

1stHGC Arbitrage Fund LP2.92
2ndAmethyst Arbitrage Fund (Canada)1.71
3rdWARATAH One1.45

 

Global Macro/Managed Futures/Multi-Strategy Category:

Best 1 Year Return:                   

1stBarometer Global Macro Pool11.22
2ndPalos Income Fund, LP11.15
3rdKensington Alternative Strategies Fund7.57

 

Best 5 Year Return:                   

1stBarometer Global Macro Pool14.35
2ndClaret Global Multi-Asset Fund12.89
3rdCC&L Absolute Return Fund12.00

 

Best 5 Year Sharpe Ratio:    

1stJM Catalyst Fund2.14
2ndKensington Alternative Strategies Fund1.99
3rdForge First Multi Strategy LP1.47

 

Private Debt

Best 1 Year Return

1stThird Eye Capital Alternative Credit Trust14.20
2ndBridging Private Debt Institutional Fund10.70
3rdNinepoint TEC Private Credit Fund10.08

 

Best 5 Year Return

1stPortland Private Income Fund9.04
2ndN/A 
3rdN/A 

 

Best 5 Year Sharpe Ratio

1stPortland Private Income Fund9.82
2ndN/A 
3rdN/A 

 

Average Performance of Canadian Hedge Funds to June 30, 2018

By Category1 Yr Return5 Yr Return5 Yr Sharpe Ratio
Credit Focused3.94%4.85%1.34
Equity Focused8.10%8.10%0.85
Market Neutral2.02%5.65%0.97
Global Macro/Managed Futures/Multi-Strategy-1.16%5.49%0.73
Private Debt8.80%9.04%9.82
All Hedge Funds included in the 2018 CHFAs5.19%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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