The EuroHedge Awards shone a light on the industry’s star risk-adjusted performers in 2021, across a range of categories.

Nominees and winners were determined objectively, using a combination of Sharpe ratios and absolute returns. To be nominated, funds must have been listed on the HFM database.

The final round of nominations can be found below.

Advancing Diversity, Equity and Inclusion Award

Last year, EuroHedge and JP Morgan launched a new Diversity Award to recognise the best efforts to promote diversity and inclusion within the hedge fund community.

Aspect Capital were the inaugural winner, recognised for their pioneering approach to improve accessibility within the industry. Now in its second year, the award will recognise the European hedge fund that has shown meaningful progress to advance diversity, equity and inclusion in the past 12 months.

The HFM Together network, in partnership with a panel of JP Morgan DE&I representatives, reviewed the entries and announced the winner of the EuroHedge Advancing DE&I Award 2021 on 17 March.

This year's nominees:

Capstone Investment Advisors
DG Partners/BH-DG Systematic Trading
Janus Henderson
Man Group
TT International

Third round of nominations

The final round of EuroHedge Awards nominations include: 

Commodity & Currency

Andurand Commodities Fund

Andurand Capital Management

Andurand Commodities Discretionary Enhanced Fund

Andurand Capital Management

KLI Enhanced Value Equity Note

KLI Asset Management

CenturionFX - 6X


KLI Investment Master Fund

KLI Asset Management

Northlander Commodity Master Fund

Northlander Commodity Advisors

Polar Star Spectrum Fund

Polar Star Management

Westbeck Energy Opportunity Fund

Westbeck Capital Management

Convertibles & Volatility

BG Master Fund

Boussard & Gavaudan Investment Management

Blue Diamond Non-Directional Fund

Blue Diamond Asset Management

Danske Invest Global Cross Asset Volatility

Danske Invest Management Company

Granite Alphen Capital Fund

Granite MSA

Mint Tower Arbitrage Fund

Mint Tower Capital Management

Acasta Global Fund (formerly known as Polygon Convertible Opportunity Fund)

Acasta Partners

System 2 Master Fund

System 2 Capital

Credit over $500m

Cheyne Total Return Credit Fund

Cheyne Capital Management

Napier Park Eton Fund

Napier Park Global Capital

Pictet Alt - Distressed & Special Situations

Pictet Asset Management

Serone Key Opportunities Fund

Serone Capital Management

Sona Credit Master Fund

Sona Asset Management

Credit under $500m

Alegra ABS I Fund

Alegra Capital

Caius Capital Financials Master Fund

Caius Capital

Capital Four Credit Opportunities Fund

Capital Four

Chenavari Toro Income Fund

Chenavari Investment Managers

Copper Street Capital Fund

Copper Street Capital

King Street Europe

King Street Capital Management

Northlight European Fundamental Credit Fund

Northlight Group

Robus German Credit Opportunities Fund

Robus Capital Management

Serone European Special Situations Master Fund

Serone Capital Management

Emerging Manager & Smaller Fund - Equity Strategies

Anavio Equity Capital Markets Fund

Anavio Capital Partners

Bluebell Active Equity Feeder Fund

Bluebell Capital Partners

Carlsson Noren Yield Opportunity

Carlsson Noren Asset Management


Crescit Asset Management

Dutch Darlings Fund

Elite Fund Management

Euronova Smaller Companies Fund

Euronova Asset Management

OAM Absolute Return Fund

Oslo Asset Management

Oceanic Hedge Fund

Oceanic Investment Management

Pascal Investment Partners

Pascal Investment Advisers

Sefton Place Fund

Sefton Place Advisors

Symmetry Invest A/S Fund

Symmetry Invest A/S

Emerging Manager and Smaller Fund - Macro, Fixed Income and Relative Value

Akta Total Return

Akta Capital Management

Cazadores Commodity Alpha Strategy

Cazadores Investments

Elara Fixed Income Fund

Elara Capital

Fondo Finint Bond

Finint Investment

Gladwyne Fund

Gladwyne Investments

Haven Cove Absolute Return Fund

Haven Cove Capital Management

Quadriga Funds - RHO Multistrategy

Quadriga Asset Managers

Quotidian Multi-Strategy Master Fund

Quotidian Investments

Salus Alpha Commodity Arbitrage Strategy

Salus Alpha Capital

SCIO European Secured Credit Fund III

SCIO Capital

SMN Diversified Futures Fund

SMN Investment Services

Svelland Global Trading Fund

Svelland Capital

The World Carbon Fund

Carbon Cap Management

Emerging Markets

Enko Africa Debt Fund

Enko Capital Management

First Geneva Global High Yield Fund

First Geneva Capital Partners

Pharo Africa Fund

Pharo Management

Waha CEEMEA Credit Fund

Waha Capital

Emerging Markets Equity

Halcyon Ethical Growth

Halcyon Portfolio Management

Waha MENA Equity Fund

Waha Capital

Equity Market Neutral & Quantitative Strategies

Albar Capital Fund

Albar Capital

Andra Absolute Return Fund

Andra Asset Management

GSA International Fund

GSA Capital Partners


GSA Capital Partners

Marshall Wace MW Market Neutral TOPS Fund

Marshall Wace Asset Management

European Equity over $500m

AKO Fund

AKO Capital

Aquilus Inflection Master Fund

Alatus Capital

Janus Henderson Capella Fund

Janus Henderson Investors

Lancaster European Equity

Lancaster Investment Management

Marshall Wace MW TOPS Fund

Marshall Wace Asset Management

Pelham Long / Short Small Cap Fund

Pelham Capital

The Lucerne Capital Fund

Lucerne Capital Management

European Equity under $500m

Alcur Select

Alcur Fonder

Coeli Absolute European Equity Fund

Coeli Asset Management

GIM Portfolio Strategies - Europe Dynamic Long Short Fund

J.P. Morgan Asset Management

Petrus Advisers Special Situations Fund Cayman

Petrus Advisers

Tiger Fund - Tiger Value Fund

Tiger Asset Management

TradeWind Equity Fund

TradeWind Capital

Event Driven & Distressed

Accendo Capital

Accendo Capital Managers

Astaris Special Situations Master Fund

Astaris Capital Management

Caius Capital Master Fund

Caius Capital

Ironshield Special Situations Fund Liquid Strategy

Ironshield Capital Management

KL Special Opportunities Fund

Kite Lake Capital Management

Melqart Opportunities Fund

Melqart Asset Management

Polygon European Equity Opportunity Fund

Polygon Global Partners

VR Global Offshore Fund

VR Advisory Services

Fixed Income

Blue Sky Balanced Fund

C-QUADRAT Asset Management

Borea Hoyrente

Borea Asset Management

Capital Four European Loan & Bond Fund

Capital Four

Caxton Advantage

Caxton Associates

Danske Invest Fixed Income Global Value

Danske Invest Management Company

KLP Alfa Global Rente

KLP Kapitalforvaltning

Scandinavian Credit Fund

Skandinaviska Kreditfonden

SEB Eureka Fixed Income Relative Value

SEB Asset Management

Swan Bond Enhanced

Swan Asset Management

Global Equity over $500m

AKO Global Fund

AKO Capital

Marshall Wace MW Eureka Fund

Marshall Wace Asset Management

Pareto Total

Pareto Asset Management

Parus Fund

Parus Finance

The Value Active Fund

Varenne Capital Partners

Thélème Fund

Thélème Partners

Global Equity under $500m

Engadine Equity Fund

Engadine Partners

Optis Global Opportunities Fund

Optis Capital

Tosca Focus

Toscafund Asset Management

Vi Global Equity Fund

Lijaro Asset Management

Long Term Performance (5 years) - Equity Strategies

AKO Fund

AKO Capital

BlackRock Strategic Equity Hedge Fund

BlackRock Investment Management

Gladstone Lasker Fund

Gladstone Capital Management

Marshall Wace MW Eureka Fund

Marshall Wace Asset Management

Pareto Total

Pareto Asset Management

Sphera Fund

Sphera Fund Management

The Value Active Fund

Varenne Capital Partners

Waha MENA Equity Fund

Waha Capital

Long Term Performance (5 years) - Macro, Fixed Income & Relative Value

Caxton Global Investments

Caxton Associates

Gemsstock Fund


John Street Vantage Strategy

John Street Capital

Man AHL Evolution Frontier


Pharo Africa Fund

Pharo Management

Systematica Alternatives Markets Fund

Systematica Investments


Broad Reach Master Fund

Broad Reach Investment Management

Caxton Global Investments

Caxton Associates

EDL Global Opportunities Fund

EDL Capital

Gemsstock Fund



Amwal Capital Partners

Managed Futures over $500m

AHL Evolution

Man Asset Management

Gresham Quant ACAR Fund

Gresham Investment Management

Florin Court Capital Programme

Florin Court Capital

GAM Systematic Core Macro Fund

GAM Systematic

John Street Vantage Strategy

John Street Capital

Man AHL Evolution Frontier

Man Asset Management

Systematica Alternatives Markets Fund

Systematica Investments

The Keynes Leveraged Quantitative Strategies Fund

PGIM Wadhwani

Transtrend Diversified Trend Program


Managed Futures under $500m

Aspect Alternative Markets

Aspect Capital

Broad Reach Explorer Fund

Broad Reach Investment Management

CFM ISTrends Fund

Capital Fund Management

Echiquier QME Global

La Financire de l'Echiquier

The Mulvaney Global Markets Fund

Mulvaney Capital Management

Tulip Trend Fund

Progressive Capital Partners

Winton Systematic Universal Momentum Fund

Winton Group

Management Firm of the Year

Capital Four

Capital Fund Management

Caxton Associates

Chenye Capital Management

Man Group

Marshall Wace Asset Management

Toscafund Asset Management


ABCA Opportunities Fund

ABC Arbitrage Asset Management

AHL Dimension (Cayman)


Caygan Aleutian Fund

Caygan Capital

Hadron Fund

Hadron Capital

Man GLG Multi-Strategy Fund


Metage Global Strategies

Metage Capital

Stratus Fund

Capital Fund Management

Systematica Alternative Risk Premia Fund

Systematica Investments

VISIO Allocator Fund

VISIO Asset Management

New Fund of the Year - Equity Strategies

Caxton Quantitative Climate

Caxton Associates

Dominicé - European Equities Plus

Dominicé & Co - Asset Management

Hanover Catalyst Fund

Hanover Investors Management

Man GLG Alpha Novus

Man Asset Management

Man GLG RI Global Sustainable Growth Alternative


New Fund of the Year - Macro, Fixed Income & Relative Value

Drakai Systematic Credit Fund

Drakai Capital

Lumos Fund

Falcon Investment Management

Man GLG Global Credit Opportunities

Man Asset Management

Savin Multi-Strategy Arbitrage Fund

Privium Fund Management

Winton Systematic Universal Momentum Fund

Winton Group

Small-Cap Equity

1798 UK Small Cap Best Ideas Fund

Lombard Odier Asset Management

Ennismore European Smaller Companies Hedge Fund

Ennismore Fund Management

EV Smaller Companies Fund

EValuation Capital Management

Maga Smaller Companies Fund

Otus Capital Management

Polar Capital European Forager

Polar Capital

Specialist Finance

Alcentra Structured Credit Opportunity Fund


Carnegie High Yield Select 3

Carnegie Fonder

Cheyne Real Estate Debt Fund

Cheyne Capital Management

Nickel Digital Asset Arbitrage

Nickel Digital Asset Management

Securis Life Master Fund

Securis Investment Partners

Whitecroft Core Bank Risk Sharing Fund

Whitecroft Capital Management

Specialist Sector Equity

BlackRock Aletsch Fund

BlackRock Investment Management

EnPa Swiss Top Picks Fund

Endivepreneur Partners

GIM Portfolio Strategies Funds Technology Long Short Fund

J.P. Morgan Asset Management

Ion Israel Fund 

Ion Asset Management

Northglen Aggressive Fund

Slater Investments

PriorNilsson Idea

Prior & Nilsson Fond och Kapitalförvaltning

Sphera Fund

Sphera Fund Management


Toscafund Asset Management

UCITS Equity

Cape Optimal Equity Fund

Cape Capital


C-QUADRAT Asset Management

iMGP Sustainable Europe

iM Global Partner Asset Management

LOYS Global


OAKS Emerging and Frontier Opportunities Fund

Fiera Capital

Ostrica Equities Developed Markets Fund


RAM Systematic Funds Long/Short European Equities

RAM Active Investments

THEAM Quant - Equity Europe Factor Defensive

BNP Paribas Asset Management

Varenne Global

Varenne Capital Partners

Veritas Global Equity Income

Veritas Asset Management

Vitruvius Growth Opportunities

Belgrave Capital Management

Syquant Helium Selection

Syquant Capital

UCITS - Macro, Fixed Income & Relative Value

Corum Butler Credit Opportunities

Butler Investment Managers

CS Nova (Lux) European Senior Loan Fund

Credit Suisse Asset Management

First Private Wealth

First Private Investment Management

Lupus Alpha Volatility Risk-Premium

Lupus alpha Asset Management

Man GLG High Yield Opportunities


Sphereinvest Global Credit Strategies

SphereInvest Group

STORM Bond Fund

STORM Capital Management

2022 Roll of Honour

Other Winners

36 South Capital Advisors, Andurand Capital Management, Aspect Capital, Carrhae Capital, CenturionFx, Cheyne Capital Management, Cheyne Capital Management, Clean Energy Transition, Coast Capital Management, DG Partners, DNB Asset Management, Gresham Investment Management, GSA Capital Partners, Mulvaney Capital Management, Nordea Investment Funds, Oceanic Investment Management, Quadriga Asset Manager, Selwood Asset Management, Sona Asset Management, Trium Capital, Zebedee Capital Partners