Categories and Criteria

The With Intelligence HFM APAC Performance Awards shine a light on the industry's star risk-adjusted performers, across a range of categories.

Nominees and winners are determined objectively, using a combination of absolute returns and Sharpe ratios, with our aim being to let the numbers do the talking. This quantitative approach makes us the only awards to reflect the two primary aims of hedge funds – to manage volatility, and to deliver positive returns for investors.

Excluding the Global BDC Manager Awards, to be included in the nomination process funds must list their data on the With Intelligence hedge fund database and have updated their figures for the performance periods under consideration

To be considered for the final round of nominations, funds must submit their end-March performance data by 31 May.


Long Term Performance Judging

The winners for the 5-year Long-Term Performance categories are determined by a judging panel of industry allocators who apply their professional investing expertise to the risk-adjusted metrics to reach their decisions.


New for 2024 - Global BDC Manager Awards

To recognise the growing importance of Asia to global hedge fund managers, we have introduced 3 new categories uniquely open to entries from hedge fund firms that have a significant presence in the region.

  • Global BDC manager - Equity Strategies 
  • Global BDC manager - Macro, Futures, Fixed Income & RV
  • Global BDC manager - Multi-strategy


2024 Categories Include:


Asian Equity

Asian Equity exc Japan

Australian Equity

Billion Dollar Fund of the Year

Chinese Equity

Credit

Digital Assets

Emerging Manager - Smaller Fund - Equity Strategies

Emerging Manager - Smaller Funds - Macro, Futures, Fixed Income & RV

Event Driven

Fund of Hedge Funds

Fund of the Year

Global Equity (Above $500m)

Global Equity (Below $500m)

Global BDC manager - Equity Strategies - NEW*

Global BDC manager - Macro, Futures, Fixed Income & RV - NEW*

Global BDC manager - Multi-strategy - NEW*

Indian Equity

Japanese Equity

Long term (5 years) - Equity Strategies - NEW**

Long term (5 years) - Macro, Futures, Fixed Income & RV - NEW**

Longer term (5 years) - Multi-strategy - NEW**

Macro (Above $500m)

Macro (Below $500m)

Managed Futures 

Management Firm of the Year

Multi-Strategy

New Fund of the Year

Quant Equity - NEW

Relative Value

UCITS

*Open to entries through the With Intelligence HFM APAC Performance Awards entry form

**Categories that are judged by a panel of industry investors

Criteria in detail


The With Intelligence HFM APAC Performance Awards are judged on a long-established methodology focusing on the risk-adjusted performance of funds, with we aim to let the numbers do the talking.

The shortlisted funds and eventual winners are decided by a quantitative process, which aims to recognise the two primary aims of hedge funds – to manage volatility and to deliver positive returns for investors.

The full 12-month period for the Awards runs from April 2023 to the end of March 2024 with the exception of the 5-year Long-Term Performance categories, which runs from April 2019 to the end of March 2024.

For the one-year strategy categories, the minimum asset levels required to qualify for nominations remain $50m, with the exception of the digital assets and emerging manager/smaller fund categories, where it is $10m. 

To qualify for consideration, funds must also achieve annualised returns higher than the median returns for their peer groups and they must be within 10% of their high-water marks that were set before the start of the 12-month period under review.

The winners in the main strategy categories will be those funds that meet the relevant criteria, and which achieve the highest returns – so long as they are within 25% of the best Sharpe ratios within their nominated peer groups.

For the New Fund, Management Firm and Fund of the Year awards – which include funds and firms operating across different strategy areas – funds are judged on additional comparative criteria as well as absolute returns and Sharpe ratios.

To be included in the nomination process, funds must list their data on the With Intelligence hedge fund database and have updated their figures for the performance periods under consideration, with the exception of the Global BDC Manager Awards, which are open to direct entries via an official With Intelligence HFM APAC Performance Awards entry form. 

A first round of nominations will be published at the end of April 2024, with the final shortlist being announced in July.

  • All funds that wish to be considered for the first round of nominations must have updated their February 2024 performance data by 17 April.
  • All funds that wish to be considered for the final round of nominations must have updated their March 2024 performance data by 31 May.
  • All funds that wish to be considered for the Global BDC Manager Awards must have submitted an entry form by 31 May.

With Intelligence reserves the right to request additional information from funds in relation to their performance as part of the nomination process and winner determination

With Intelligence reserves the right to remove any funds deemed inappropriate.

List Your Data

Submitting your fund and performance data brings a range of benefits.

Get noticed:

Attract the right investors by showing off your strategies and performance

Get exposure to allocators: Allocators use our platform and fund data to inform their manager selections

* Get featured in our coverage: Funds that list with us are featured in our global and regional performance coverage, intel articles highlighting high-performing funds as well as regular rankings published on the platform.

* Get included in Assisted Searches: Your firm will also be eligible to participate in Assisted Searches where we work directly with investors to recommend relevant funds.

Be nominated for our awards: Our performance awards shortlists are based on performance data listed on our platform.


Find out more about the benefits by contacting Aaron.

NOMINATION ENQUIRIES
Aaron Jones
+44 20 7139 1655