Our heritage

The HFM AsiaHedge Awards and the Eurekahedge Asian Hedge Fund Awards have been separately celebrating the best and rewarding the finest in the Asian hedge fund industry since 2004. In 2021 we were excited to announce that they were joining forces to become the With Intelligence HFM Asian Performance Awards (now called the APAC Performance Awards).

During this time, the event has grown into a keenly anticipated staple in the calendar, carrying a legacy of over 21 years of rewarding the best-performing funds in the Asian hedge fund industry. The Awards have in many ways reflected the evolution of the industry, acting as a mirror for the changing fortunes, environments and moods of the hedge fund community and serving as a barometer of shifting sentiment, trends and issues.

In addition to the general category awards based on fund size and investment strategy, there is an award for Management Firm of the Year, the ultimate accolade for Asian hedge funds.

In 2022 we introduced a panel of industry investors to determine the winners of the long-term performance categories and we are excited this year to add 3 new entry-based categories.

2023 Winners
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Arbitrage (Arbitrage & Relative Value)
New Frontier GO Fund SPC - New Frontier Absolute Return Fund
Water Wood Capital Management


Asia ex Japan
FengHe Fund Management
FengHe Fund Management


Australian Equity
Salt Long Short Fund
Salt Funds Management


Credit & Specialist Finance
Merricks Capital Agriculture Credit Fund
Merricks Capital


Emerging Manager & Smaller Fund - Equity Strategies
LIM Japan Event Fund
LIM Advisors


Event Driven & Distressed
Unifi Alternative Investment Fund
Unifi Capital


Fund of Hedge Funds
ATAF Sub Fund
Nanjia Capital


Global Equity (Below $500 million)
PM Capital Global Companies Fund
PM Capital


Japanese Equity
Japan-Up Unit Trust
Strategic Capital


Managed Futures, Commodities and FX
Alpha Meow Fortune Grace Fund
Meow Capital


UCITS
Nippon Growth Fund
E.I. Sturdza Strategic Management


Management Firm of The Year
Simplex Asset Management



Billion Dollar Fund of the Year
Ariose China Growth Fund
Ariose Capital Management


Long Term - 5 Years
L1 Capital Global Opportunities Fund
L1 Capital

Arbitrage (Quant & Market Neutral)
Mozi Fund SPC - Mozi Currency Fund
Water Wood Capital Management


Asia inc Japan
Aurigin Fund
Aurigin Capital Management


Chinese Equity
OP New Economy Growth Fund
Oscar and Partners Capital Limited


Digital Assets
Elite SPC - Fore Elite Flagship Fund
Fore Elite Capital Management


Emerging Manager & Smaller Fund - Macro, Fixed Income & Relative Value
Ten Fund
Ten Asset Management


Fixed Income
Aura High Yield SME Fund
Aura Funds Management


Global Equity (Above $500 million)
UG Hidden Dragon Special Opportunity Fund
UG Investment Advisers


Indian Equity
Alpha Alternatives Equity Absolute Return Strategy
Alpha Alternatives Fund Advisors


Macro
Arminius Capital ALPS Fund
Arminius Capital Advisory


Multi Strategy
Theoria Multi-Strategy Fund
Theoria Capital Management


New Fund of the Year
Epimelis China Absolute Return Master Fund
Epimelis Capital


Fund of the Year
Arminius Capital ALPS Fund
Arminius Capital Advisory


Long Term - 3 Years
Atyant Capital India Fund
Atyant Capital Management


Long Term - 10 Years
UG Hidden Dragon Special Opportunity Fund
UG Investment Advisers

2022 Winners
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Management Firm of the Year

UG Investment Advisers

Fund of the Year

Ariose China Growth Fund
Ariose Capital Management

Billion Dollar Fund of the Year

UG Greater China Multi-Strategy Fund
UG Investment Advisers

New Fund of the Year

Dilead Supreme No.1 Hedge Fund
Shanghai Dilead Asset

Arbitrage (Arbitrage & Relative Value) New Frontier GO Fund SPC - New Frontier Absolute Return Fund SP
Water Wood Group

Arbitrage (Quant & Market Neutral)

Regal Tasman Market Neutral 
Regal Funds Management

Asia ex Japan

GAO Black Lotus VCC - ASV Fund
GAO Capital

Asia inc Japan

Panah Fund
AIMS Asset Management

Australian Equity

CC Sage Capital Absolute Return Fund
Sage Capital

Chinese Equity

Ariose China Growth Fund
Ariose Capital Management

Digital Assets

Pythagoras Investment Management LLC - US Fund
Pythagoras Investment Management

Emerging Manager / Smaller Fund - Equity

The Atlantic Pacific Australian Equity Fund
APSEC Funds Management

Emerging Manager / Smaller Fund - Non-Equity

Ascent Global Futures
Pilgrim Partners Asia

Event Driven

Simplex Value Up Strategy
Simplex Asset Management

Fixed Income, High Yield & Distressed

Aura High Yield SME Fund
Aura Funds Management

Fund of Hedge Funds

ATAF Sub Fund
Nanija Capital

Global Equity

Regal Tactical Opportunities Fund
Regal Funds Management

Indian Equity

Avendus Absolute Return Fund
Avendus Capital Public Markets Alternate Strategies

Japanese Equity

Nomura Japanese Equity Market Neutral - Dual Alpha Strategy
Nomura Asset Management

Long Term Performance - 10 Years

WIM Global Fund
Value Star Asset Management

Long Term Performance - 5 Years

L1 Capital Global Opportunities Fund
L1 Capital

Long Term Performance - 3 Years

WIM Global Fund
Value Star Asset Management

Macro

Bright Stream Macro Fund
Bright Stream Capital Management

Managed Futures, Commodities and FX GCI Systematic Macro Strategy
GCI Asset Management

Multi Strategy

L1 Capital Global Opportunities Fund
L1 Capital

Single Country

Brooker Sukhothai Fund
Swiss-Asia Financial Services

Specialist Finance & Credit

VTeam Siegfried Supply Chain Finance Fund
Siegfried Asset Management

UCITS - Equity

Fourton Komodo Indonesia
Fourton Oy

UCITS - Non Equity

Schroder ISF Asian Bond Total Return
Schroders Investment Management

2021 Winners Eurekahedge Asian Hedge Fund Awards

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Best Asian Hedge Fund

CloudAlpha Tech Fund
CloudAlpha Capital Management

Best Asia ex-Japan Hedge Fund

Lake Bleu Prime Healthcare Fund
Lake Bleu Capital

Best Japan Hedge Fund

Akito Fund JPY
ACG Management Pte Ltd

Best Greater China Hedge Fund

IvyRock China Focus Fund
IvyRock Asset Management

Best Indian Hedge Fund

Edelweiss Alternative Equity Scheme
Forefront India Capital Management

Best Asian Long/Short Equity Fund

CloudAlpha Tech Fund
CloudAlpha Capital Management

Best Asian Event Driven Fund

UG Hidden Dragon Special Opportunity Fund
UG Investment Advisers

Best Asian Multi-Strategy Fund

Pinpoint Multi-Strategy Master Fund
Pinpoint Asset Management Ltd


Best Asian Credit Long Short Fund

Triada Asia Credit Opportunities Fund
Triada Capital

Best Asia-based Global Macro Fund

Arete Macro Fund
Ocean Arete

Best Asia-based CTA/Managed Futures Fund

Credence Global
Splendor Capital Management Ltd

Best Singapore-based Hedge Fund

PruLev Global Macro Fund
Swiss-Asia Financial Services Pte. Ltd

Best New Asian Hedge Fund

E.I.P China Convertible Bond Fund
EIP Alpha Limited

Most Consistent Asia-based Fund

Akito Fund JPY
ACG Management Pte Ltd

Best Asian Billion Dollar Hedge Fund

Brilliant Partners Fund
Brilliance Capital Management



2020 Winners AsiaHedge Awards

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1 Year: Arbitrage & Market Neutral

Jinde Quantitative Fund
Jinde Asset Management

1 Year: Asia ex-Japan

Lake Bleu Prime Healthcare Fund
Lake Bleu Capital

1 Year: Asia inc Japan

Anatole Partners Enhanced Master Fund
Anatole Investment Management

1 Year: China Under $250m

CSV China Opportunities Fund
CSV Capital Management

1 Year: China Over $250m

Eastjade China Fund
EAM Investment Advisors

1 Year: Event-Driven

Zongyi Auspicious Global Opportunity Fund
Auspicious Capital Management

1 Year: Fixed Income, High Yield & Distressed

HKAM Global Fixed Income Fund
Hong Kong Asset Management

1 Year: Global Equity

Optimus Prime Fund
Optimus Prime Fund Management

1 Year: Japanese Equity

Simplex Fund Oyako
Simplex Asset Management

1 Year: Macro

Arete Macro Fund
Ocean Arete

1 Year: Managed Futures, Commodities and FX

Windrose Commodities
Windrose Investment Management


1 Year: Multi Strat Under $250m

Longchamp Absolute Return Unit Trust Fund
CCAM

1 Year: Multi Strat Over $250m

Pinpoint Multi-Strategy Fund
Pinpoint Asset Management

1 Year: Single Country

Regal Emerging Companies Fund III
Regal Funds Management

Emerging Managers – Smaller Fund $10-$50m

River Capital China Select Fund
River Capital

Five Years: $250M - $500M

PruLev Global Macro Fund
Swiss-Asia Financial Services

Five Years: Over $500M

Lake Bleu Prime Healthcare Fund
Lake Bleu Capital

FOHF

Persistent Edge China Partners
Persistent Asset Management

New Fund of the Year

Regal Emerging Companies Fund III
Regal Funds Management

Management Firm

UG Investment Advisers

Fund of the year

Anatole Partners Enhanced Master Fund
Anatole Investment Management

2019 Highlights


2018 Highlights