The winners of Lipper´s first Hedge Fund Awards were announced in
London last night. Over 3,600 funds were eligible for the eighteen
awards across the European and Offshore fund domiciles. A total of
fifteen portfolio managers were rewarded, with Thalia SA, Gems
Management and UG Investment Advisers each winning in two categories.
Dr Gabriel Burstein, Lipper´s Global Head of Research, said:
"Lipper Hedge Fund Awards, based on our quantitative fund rating
methodology, recognise the combined return and risk achievements of
hedge fund managers. Congratulations to Lipper´s award winners in what
was a very difficult year across all markets. Despite this fact, hedge
fund assets under management continued to grow significantly last
year".
EUROPEAN WINNERS - LIPPER HEDGE FUND AWARDS
-0-
*T
Hedge Fund Winning Fund Portfolio Manager
Classification
CTA Commodity Trading Transtrend Diversified Transtrend B.V.
Advisors Trend Program
Enhanced Risk EUR
Emerging Markets Mango Capital Mango Capital Management
Event Driven GHF Sicav - Event Thalia SA
Driven Class B
Fixed Income Arbitrage GHF Sicav - Fixed Thalia SA
Income Arbitrage
Class B
Global Macro LODH Multiadvisers - Lombard Odier Darier
Global Trading EUR Hentsch & Cie
Long/Short Equity Real Return Asian EUR Veritas Asset Management
(UK) Ltd
Managed Futures Prim´ EssenCiel Prim´Alternative
Investment SA
Multi-Strategies Gems Recovery Gems Management Ltd
Portfolio Regular EUR
*T
OFFSHORE WINNERS - LIPPER HEDGE FUND AWARDS
-0-
*T
Hedge Fund Winning Fund Portfolio Manager
Classification
Convertible Arbitrage UG Great Wall Hidden UG Investment Advisers
Value Ltd
Emerging Markets China Alpha II Fund China Alpha Investment
Ltd Management Ltd
Equity Market Neutral Talentum Enhanced Ltd Arkos Capital SA
EUR
Event Driven Vision Opportunity Vision Capital Advisors
Capital Partners Ltd LLC
Fixed Income MKP Opportunity MKP Capital Management
Arbitrage Offshore Ltd LLC
Global Macro Pivot Global Value Pivot Capital Management
(UK) Ltd
Long Only UG Hidden Dragon UG Investment Advisers
Undervalued Assets Ltd
Long/Short Equity Passport Offshore Ltd Passport Capital LLC
Global Strategy
Managed Futures Tulip Trend Ltd (Class Progressive Capital
A) EUR Partners Ltd
Multi-Strategies Gems Perennial Gems Management Ltd
Segregated Portfolio
Regular 3Y USD
*T
A second Lipper Hedge Fund Award event will recognise the leading
hedge funds domiciled in North America and take place in New York on
9th April.
Notes to Editors:
-- Only existing hedge funds in the Lipper TASS and Lipper Global
Fund Databases were eligible for this year´s Hedge Fund
Awards.
-- Awards were made for those Lipper hedge fund strategy
classifications that contained at least ten eligible hedge
funds.
-- In line with Lipper´s existing mutual fund award methodology,
the winning hedge funds were those with the highest Effective
Return value within each eligible Lipper Global Classification
for hedge fund strategies. The Effective Return is the basis
for the calculation of the Lipper Leader rating for Consistent
Return. The calculation period for the awards extended over
twelve consecutive months ending 31 December 2007.
Calculations were made in US dollars for the Offshore hedge
fund domicile universe and in Euros for the European hedge
fund domicile universe.
-- The Lipper Leader fund rating system uses investor-centred
criteria to deliver a simple, clear description of a fund´s
success in meeting certain goals, such as preserving capital
or building wealth through consistent, strong returns. Used
independently or in conjunction with one another, the four
Lipper Leader ratings (Consistent Return, Preservation, Total
Return and Expense) can effectively identify funds that meet
the particular characteristics sought by the investor. For
more information, please refer to www.lipperweb.com.
-- Lipper, a wholly-owned subsidiary of Reuters, provides
independent insight on global collective investments including
mutual funds, retirement funds, hedge funds, fund fees and
expenses to the asset management and media communities.
Covering over 172,000 share classes and over 95,000 funds in
53 registered for sale (RFS) universes. Lipper is the world´s
leading fund research and analysis organisation. It provides
the free Lipper Leader ratings for mutual funds registered for
sale in 27 countries. Additional information is available at
www.lipperweb.com.
Information provided by Lipper has been obtained from or is based
upon sources believed to be reliable but is not warranted to be
accurate or complete. Lipper makes no representation or warranty,
express or implied, to investors or any member of the public regarding
the advisability of investing in securities generally or in any
product or mutual fund particularly. Past performance is not
necessarily a guide to future performance and investors should
remember that past performance is not guarantee of future results.
