These Professionals Are Finalists in the 2022 Hedge Fund Business Awards

Among the Reddit-fueled retail attack on commonly shorted shares in early 2021 and the late-calendar year tech selloff, a lot of outstanding fairness-concentrated hedge resources missing income very last calendar year.

But many other folks enjoyed extremely profitable many years. This features Senvest Management, which was perhaps the best doing hedge fund of significant size in 2021 after intensely benefitting from the limited vendor assault. The Senvest Grasp Fund posted an 85.2 p.c achieve, driven in large component by its lengthy place in GameStop, which surged exponentially in January 2021 when retail traders had been giddily acquiring shares of the video video game retailer and other seemingly lousy firms that ended up closely shorted by hedge fund honchos. Senvest exited the inventory completely by late January.

Very little surprise, Senvest was a person amid six corporations to be nominated in the fairness-concentrated class for Institutional Trader’s 19th once-a-year Hedge Fund Market Awards. (Very last year’s competitiveness did not choose place due to the world-wide pandemic.)

The other fairness-targeted nominees were both concentrated on unique industries or, like Senvest, seriously benefitted from a single stock. These consist of Impala Asset Administration, whose Impala Resources fund surged virtually 52 per cent SRS Financial commitment Management, which received 35 p.c thanks in massive section to its lengthy-held outsized investment decision in Avis Spending budget Group EcoR1, which created a 29 % return, building it a person of the only worthwhile life sciences funds and activist Sachem Head Money Management, which was up 23 p.c.

1 tech-concentrated fund also stood out: Seligman Tech Spectrum, a very long-brief fund that specializes in technological know-how, media, telecom, and health care. It was up additional than 50 %.

These fairness managers weren’t the only winners of 2021. Credit history money loved their ideal benefits in a ten years, with the Gapstow Money Companions composite index of 106 hedge resources gaining 12.2 p.c in 2021. All 106 funds created income, resulting in the index’s greatest yr since 2013.

And this year’s nominees created gains that considerably exceeded the index normal. Silver Stage Money Fund was up 24 percent, GoldenTree Asset Management’s main fund was up nearly 22 %, and SVPGlobal’s Strategic Price Restructuring Fund acquired a lot more than 24 p.c.

It was a mediocre calendar year in general for multistrategy funds, but various perfectly-recognized names excelled. These provided Citadel, whose Wellington Fund led the pack with a better-than 26 percent acquire D.E. Shaw’s Composite fund, which was up 18.5 % and Millennium Worldwide, which rose 13.5 %.   

On the other hand, several of the categories showcased top rated performers that are not particularly residence names. Possibly the most distinguished amongst them is Haidar Money Management, whose macro fund Haidar Jupiter Fund concluded the year up about 69.5 percent. 

The voting method for the Hedge Fund Awards starts with a public connect with for nominations. The II editorial team concurrently devises a list of candidates primarily based on its have know-how of the corporations and institutions, as very well as discussions with its network of marketplace resources. All the nominations, as properly as the internally produced candidates, are then vetted primarily based on how strongly the editorial crew believes they meet a large array of requirements for their respective groups.

Now that the finalists have been named, II will carry out a vast survey of U.S. allocators and invite them to vote for the manager nominees. Hedge fund managers, in convert, will vote for the allocator nominees they believe that ought to acquire. (Click on right here to see the list of allocator finalists.)

The winners will be unveiled at a gala dinner and ceremony at the Mandarin Oriental in New York on Wednesday, April 27. Two Life time Achievement Awards will also be introduced at the function, a person to an financial investment supervisor, and one more to an asset operator. Chris Hohn, founder and portfolio supervisor of TCI Fund Management, will accept the award for hedge fund supervisors. The allocator receiver will be named in the coming weeks. 

For a lot more info about the meal, you should go to the occasion site. Qualified allocators can vote below.

Institutional Hedge Fund Supervisor of the Year 

  • Citadel
  • D.E. Shaw & Co.
  • Elliott Administration Corp.
  • Male Team
  • Millennium Administration
  • TCI Fund Administration

Emerging Hedge Fund Supervisor of the Year 

  • Anacapa Advisors 
  • Analog Century Management 
  • Castle Hook Partners
  • Motor No. 1
  • Madison Avenue Partners
  • Synthesis Investment decision Administration

Fairness-Targeted Hedge Fund Manager of the Year 

  • EcoR1 Cash
  • Impala Asset Management
  • Sachem Head Funds Administration
  • Seligman Engineering Group (Columbia Threadneedle Investments)
  • Senvest Administration
  • SRS Investment decision Administration

Credit rating-Concentrated Hedge Fund Manager of the Year 

  • Brigade Cash Management 
  • GoldenTree Asset Administration
  • Hildene Money Administration
  • Lodbrok Capital
  • Silver Issue Capital
  • SVPGlobal

Multistrategy Hedge Fund Manager of the Year

  • Boothbay Fund Administration
  • Citadel
  • D. E. Shaw (Composite)
  • Elliott Management
  • Millennium Administration
  • UBS O’Connor

Activist Hedge Fund Manager of the Yr

  • Engaged Cash
  • Pershing Square Funds Management
  • Sachem Head Capital Management
  • Starboard Benefit
  • TCI Fund Administration
  • Trian Fund Management

Celebration-Driven Hedge Fund Supervisor of the Year 

  • Armistice Capital 
  • Bardin Hill Investment decision Partners 
  • Fir Tree Companions
  • HG Vora Cash Administration
  • Owl Creek Asset Management
  • ValueAct Funds

Macro Hedge Fund Supervisor of the 12 months

  • Castle Hook Partners
  • D.E. Shaw (Oculus)
  • Discovery Money Management 
  • Gemsstock Ltd.
  • Haidar Capital Administration
  • Kirkoswald Money Companions

Quantitative Hedge Fund Manager of the Year

  • Arrowstreet Cash
  • Campbell & Organization
  • Florin Court docket Capital 
  • John Avenue Money
  • Paloma Partners
  • Systematica Investments

Most Modern Hedge Fund Supervisor of the Year

  • Adage Funds Management 
  • Magnetar Cash
  • Man Group
  • Marshall Wace
  • RA Money Administration
  • Taconic Money
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