Criteria in detail

The With Intelligence HFM Asian Performance Awards are judged on a long-established methodology focusing on the risk-adjusted performance of funds, with our aim being 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 September 2021 to the end of August 2022. For the one-year strategy categories, the minimum asset levels required to qualify for nominations remains $50m – with nominations being based on outright returns and Sharpe ratios over the 12-month judging period between.

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 which 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 HFM Database and have updated their figures for the performance period. All funds that wish to be considered for the final round of nominations, must have updated their August performance data by 28 September 2022.

The awards will release three rounds of nominations in August, September, and October, with the final shortlist being confirmed after the final October nominations’.