Categories and Criteria

The With Intelligence HFM Asian Performance Awards shine a light on the industry's star risk-adjusted performers in 2023, across a range of categories.

Nominees and winners are determined objectively, using a combination of Sharpe ratios and absolute returns. 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. 

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. 

Long Term Performance Judging

The winners for the Long-Term Performance categories are then determined by a judging panel of industry investors who apply their professional expertise and knowledge to come to their decisions.

The categories will be based on a performance period of July 2020 - June 2023 for the 3 Year category, July 2018 - June 2023 for the 5 Year category and July 2013 - June 2023 for the 10 Year category.


2023 Categories Include:

Arbitrage (Arbitrage & Relative Value)

Arbitrage (Quant & Market Neutral)

Asia exc Japan

Asia inc Japan

Australia Equity

Best Macro (Above $500 million)

Best Macro (Below $500 million)

Best Managed Futures 

Best Multi Strategy (Above $500 million)

Best Multi Strategy (Below $500 million)

Billion Dollar Fund of the Year

Chinese Equity

Commodities and FX

Credit & Specialist Finance

Digital Assets

Emerging Manager - Smaller Fund - Equity Strategies

Emerging Manager - Smaller Funds - Marco, Fixed Income & Relative Value

Equity Market Neutral & Quantitative Strategies

Event Driven & Distressed

Fixed Income

Fund of Hedge Funds

Fund of the Year

Global Equity (Above $500 million)

Global Equity (Below $500 million)

Indian Equity

Japanese Equity

Long Term - 3 Years

Long Term - 5 Years

Long Term - 10 Years

Management Firm of the Year

New Fund of the Year

Single Country

UCITS

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 June 2022 to the end of June 2023. 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 first round of nominations, must have updated their June performance data by 3 August 2023.
  • The awards will release two rounds of nominations in July and August, with the final shortlist being announced in August.
  • 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

Unfortunately you have missed the deadline to be considered for the HFM Asian Performance Awards 2023 but there are a range of benefits to submitting your fund performance for inclusion in our products.

 Your fund becomes:

 * visible to investors and in scope when reviewing manager selections
* featured in our global and regional performance rankings and research
* eligible for our prestigious awards – you can only be nominated if your fund data is on our platform and can be included in our analysis

Find out more about the benefits by contacting Aaron.

Nomination Enquiries
Aaron Jones
+44 20 7139 1655