Congrats to the winners of AR Magazine‘s Hedge Fund Awards for 2010. Fund of the Year went to Sprott. Anyone familiar with what gold and silver prices (and miners) have done this year should not fall out of their chair for that one.
Dan Loeb‘s event-driven Third Point is still on top apparently, so is Paulson’s Advantage Fund.
According to AR, there’s a quantitative methodology at work in picking these winners so we’re not talking about a popularity contest.
Here they are by category:
|U.S. Equity||Sandler Associates|
|Global Equity||Crestwood Capital Partners|
|Specialist Equity||Perceptive Life Sciences|
|Emerging Market Equity||ARX Long Short FIM|
|Arbitrage & Convertibles||Lazard Rathmore|
|Event Driven||Third Point Offshore|
|Global Macro||Bridgewater All Weather|
|Managed Futures||Renaissance Institutional Futures|
|Fixed Income & Mortgage-Backed||SPM Structured Servicing Holdings|
|High Yield & Emerging Market Debt||Waterfall Eden|
|Distressed||Perella Weinberg Partners Asset Based Value|
|Long Term Performance||Paulson Advantage|
|New Fund of the Year||Nisswa Convertibles|
|Management Firm of the Year||Bridgewater Associates|
|Fund of the Year||Sprott Capital|
The awards were announced last night at a gala event in New York City. Whenever I see unfamiliar firms pop up on lists like this, I like to look into their 13F filings and find any interviews or presentations the managers may have given recently. Always a good way to get a feel for what some of the lead dogs are up to in the markets.