Categories and Criteria
We can only be the pre-eminent industry awards by engaging with the industry. That’s why we have developed this year’s categories in consultation with leading firms to ensure they reflect the fast-moving nature of the sector.
Show us what you've got
If you’re a hedge fund, CTA or FoHF with a track record of outstanding returns and excellent performance and growth over the past 12 months, then there's a category for you to enter.
Your fund must have its management team based in Europe, the judges will need to see monthly performance data in USD for your share class, the minimum AUM is set at $25 million for all the categories except for Newcomer and Digital Assets where the AUM is set at $10 million and FoHF is set at $50 million. The minimum track record is 3 years of monthly performance data for most categories.
Categories
Credit
Credit long-term performance (5 years)**
Credit long/short - over $500m**
Credit long/short - under $500m**
Credit - distressed over $500m**
Credit - distressed under $500m**
Credit - relative value over $500m**
Credit - relative value under $500m**
Credit - newcomer
CTA/Managed futures
Alternative markets fund
Managed futures (CTA) long-term performance (5 years)
Managed futures (CTA) over $1bn
Managed futures (CTA) under $1bn
Managed futures - newcomer
Quantitative strategy over $1bn
Quantitative strategy under $bn
Multi-strategy over $1bn***
Multi-strategy under $1bn***
Event-driven
Event-driven over $500m
Event-driven under $500m
Merger arbitrage
Equity
European equity long-term performance (5 years)
European equity over $500m
European equity under $500m
ESG fund
Global equity long-term performance (5 years)
Global equity over $500m
Global equity under $500m
Equity - newcomer
Market neutral
FoHF
Fund of hedge funds
Fund of hedge funds long-term performance (5 years)
Fund of hedge funds specialist
Macro
Global macro over $500m*
Global macro under$500m*
Macro long-term performance (5 years)
Macro - newcomer
Ucits
Ucits - credit
Ucits - diversified
Ucits - equity
Ucits - macro
Ucits - managed futures
Other
Alternative risk premia
Digital assets fund
Commodities fund
Volatility fund
Emerging market fund
Nomination-only categories
Billion Dollar Fund
Management firm of the year
Outstanding achievement
*Discretionary global macro funds only
**Open-ended funds only with at least quarterly redeemable share classes
***Open to funds trading multiple distinct hedge fund strategies. Excludes multi-manager/FoHF products.
Entry criteria
1. Inclusion:
The Awards are open to all European hedge fund, fund of funds, and CTA firms. A link to the entry form will be sent to all eligible managers and contacts on the HFM database. Other interested managers can access the online entry form via this website. Funds interested in participating in the awards programme must submit all information via the official HFM European Performance Awards 2023 Online Entry Form.
Please note that all funds must have submitted a completed entry form to be considered for the awards; incomplete information might lead to disqualification from the entry process. Please note that the “Management firm of the year”, “Best billion dollar fund”, and “Outstanding achievement” categories are not open to entries. The shortlist for these categories will be compiled by a panel of industry experts.
2. Criteria:
Any fund satisfying the following criteria is eligible for the HFM European Performance Awards 2023:
» Base of operations: Funds must have their management/advisory company or team based in Europe.
» Share class: Funds must submit monthly performance data for their USD share class. If unavailable, EUR share class data will be accepted and HFM will convert it to USD.
» Assets under management: Funds submitting for all categories (apart from newcomer, digital assets and fund of hedge funds categories) must have a minimum of $25m in AuM as of June 2023. Funds submitting for newcomer and digital assets categories must have a minimum of $10m in AuM as of June 2023. Funds submitting for funds of hedge funds categories must have a minimum of $50m in AuM as of June 2023.
» Track record: Funds entering any of the categories except newcomer, ESG, best digital assets and alternative risk premia must submit a 3-year track record of monthly performance data through June 2023. Funds entering the newcomer categories must have a track record of monthly performance data of at least 12 months and less than 36 months (that is between 12 and 35 months) through June 2023. Funds entering the ESG, best digital assets and alternative risk premia categories must have a track record of monthly performance data of at least 12 months through June 2023. Funds entering the long-term performance (5 years) categories must submit a 5-year track record of monthly performance data through June 2023.
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