West Palm Beach (HedgeCo.Net)- Lipper’s first Hedge Fund Award winners were announced yesterday, 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. The calculation period for the awards extended over twelve consecutive months ending 31 December 2007.
"Lipper Hedge Fund Awards, based on our quantitative fund rating methodology, recognise the combined return and risk achievements of hedge fund managers," Dr Gabriel Burstein, Lipper’s Global Head of Research, said, "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".
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. 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.
Lipper is a wholly-owned subsidiary of Reuters. Covering over 172,000 share classes and over 95,000 funds in 53 registered for sale (RFS) universes. For a list of the winners, see; www.lipperweb.com
Alex Akesson
Editor for HedgeCo.Net
Email: alex@hedgeco.net
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