Regal Funds Management wins hedge fund of year
Ten hedge fund managers have been recognised for their superior returns and contribution to the hedge fund industry, with Regal Funds Management being named hedge fund of the year (2016) at the Australian Hedge Fund Awards.
The Australian Hedge Fund Awards were founded by an independent adviser to asset managers and traders, Kim Ivey, who said hedge fund managers solely relied on their investment skill to generate returns.
"Regal was a natural choice for the judges, as it successfully broadened its product range over the past couple of years, with several of its funds performing strongly within their respective strategy sector," Ivey said.
Hedge fund managers used a variety of tools that were unavailable to traditional managers, which capitalised on their investments skills, he said.
Their performance bar had never been higher, amid the distortion from negative bond yields and widespread central bank liquidity, he said.
The head of the HFR judging panel, Simon Ibbetson, said: "One of the driving principles for many hedge fund strategies is the preservation of capital. This requires these managers to assess and manage the absolute level of risk in their portfolio, aiming to generate positive returns agnostic of market movements".
Based on the Money Management Investment Centre (MMIC), Regal's Australian small companies fund generated a return of 52.55 per year over the last 12 months. For more information about its performance, click here (http://investmentcentre.moneymanagement.com.au/factsheets/mi-e2fld/rega…)
Other award winners included;
- Best investor supporting Australian managers: NWQ Capital Management
- Best offshore manager operating in Australia: Aspect Capital
- Contribution to the Australian hedge fund industry: Jon Pye
- Best long short equity fund: Regal Atlantic Absolute Return Fund
- Best global macro/ futures fund: ISAM Systematic Trend Fund
- Best market neutral fund: Bennelong Funds Management Ltd — Bennelong Long Short Equity Fund
- Best multi strategy fund: CQS — CQS Directional Opportunities Fund
- Best fixed income & credit fund: BlueBay Asset Management LLP — The BlueBay Credit Alpha Long Short Fund
- Best emerging manager: Antipodes Partners Limited
Recommended for you
Clime Investment Management has welcomed an independent director to its board, which follows a series of recent appointments at the company.
Ethical investment manager Australian Ethical has cited the ongoing challenging market environment for its modest decrease in assets over the latest quarter.
Commentators have said Australian fund managers are less knowledgeable compared with overseas peers when it comes to expanding their range with ETFs and underestimating the competition from passive strategies.
VanEck is to list two ETFs on the ASX next week, one investing in residential mortgage-backed securities and the other in Indian companies.
