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2012 Australian Hedge Funds Awards

For quite a few readers this will be a recap of previous news but for the record it’s worth posting here.

The Australian Hedge Fund of the Year was won by BlackRock’s Australian Equity Market Neutral Fund. The Runner Ups were Kapstream and Optimal Australia.

Michael Birch’s Huon Capital won Best Emerging Fund. Imperia and Kardinia were Runner Ups.

The Best Long Short and Absolute Return Fund was Optimal Australia with KIS and Cadence as Runner Ups.

BlackRock took out the Best Market Neutral Fund with Aurora Fortitude and Pengana the Runner Ups.

The Best Multi Strategy Fund went to the Adelaide based Investment Science. AQR and Ibbetson were Runner Ups. Investment Science also won the Best Film Clip Award.

The Best Macro Manager Futures Manager went to GMO Systematic with Blue Sky and Excalibur being the Runner Ups.

Best Fixed Income went to Kapstream with BlackRock and Spectrum being Runner Ups.

The Best Offshore Manager Operating in Australia went to Ramius with BlackRock and Winton being the Runner Ups.

The Best Investor Supporting Australian Managers went to The Evergreen Retirement Trust.

Dr. Jon Glass was awarded the Contribution to the Australian Hedge Fund Industry.

It’s interesting that BlackRock featured so well. Normally one thinks of the large brands offering safe and middle of the road returns but BlackRock have really excelled this year. Their Market Neutral, albeit on a short track record of two years, delivered 22.48% annualised gross of fees. Year in, year out we get the usual suspects fronting up as award winners and finalists. Always consistent and wonderful performers include Aurora Fortitude, Optimal, Kapstream, Pengana, GMO, Cadence, Blue Sky, and Excalibur. I am always at a loss as to why this great group of managers just can’t get international recognition.

The local industry is estimated to be $43 billion in assets under management according to David Chin and Triple A’s Australian Hedge and Boutique Directory. The Australian industry is the largest in the region. The total AUM is 17% of the total $1.19 Trillion Australian Fund Management Industry.

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