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MARHedge Performance Awards 2006: Winners

Apr-7-2006 - MARHedge, Allenbridge Hedgeinfo and Schmidt Research Partners announced the winners last night of the 2nd MARHedge Annual US Performance Awards (MAPAs).

More than 300 fund managers, investors and industry participants honored the winners and finalists in 13 categories last night at a dinner and ceremony at the St. Regis Hotel in New York. Notable were repeat winners Ore Hill Partners LLC and Lucas Capital Management LLC, who took home honors this year in the Multistrategy and Long/Short Equity categories, respectively.

Winners in new categories for the 2006 MAPAs included Manchester Trading LLC (CTA), Sprott Asset Management Inc (Canada-Based Manager), Neuberger Berman Investment Services LLC (Newcomer, for Satori Technology Fund I LP), Lighthouse Investment Partners LLC (Fund of Funds-Single Strategy), Private Advisors LLC (Fund of Funds-Multistrategy <$200 Million) and Blue Alternative Asset Management LLC (Fund of Funds-Multistrategy >$200 Million)

"Our goal-both for the MAPAs and for MARHedge in general-is to recognize the industry leaders of today and to identify the next generation of talent," said Randall S. Devere, Editor-in-Chief of MARHedge. "The winners are to be congratulated for the returns they've generated for their investors and for the example they've set for the rest of the industry."

The winners for the 2006 US MARHedge Performance Awards are:

Long/Short Equity

Kuroto Fund LP, Mason Hill Advisors LLC

Long/Short Specialist

Lucas Energy Total Return Partners LP, Lucas Capital Management LLC

Global Macro

Clarium LP, Clarium Capital Management LLC

CTA

Matador Fund Ltd, Manchester Trading LLC

Relative Value/Arbitrage

MKP Credit LP, MKP Capital Management LLC

Event Driven

Bay Harbour 90-1 Ltd, Bay Harbour Management LC

Multistrategy

Ore Hill Fund LP, Ore Hill Partners LLC

Niche/Innovation

Zazove High Yield Convertible Securities Fund LP, Zazove Associates LLC

Canada-Based Manager

Sprott Offshore Fund Ltd, Sprott Asset Management Inc

Newcomer

Satori Technology Fund LP, Neuberger Berman Investment Services LLC

FoF-Single Strategy

Lighthouse Credit Opportunities Fund, Lighthouse Investment Partners LLC

FoF-Multistrategy <$200M

The Hedged Strategies Fund LP, Private Advisors LLC

FoF-Multistrategy >$200M

Blue Elite Fund Ltd, Blue Alternative Asset Management LLC

Joining Devere as MAPAs judges were Odi Lahav, Director of Allenbridge Hedgeinfo; Jacob H. Schmidt, Founder and Director of Schmidt Research Partners; John Bailey, Founder and CEO of Spruce Private Investors LLC, an absolute return investment boutique that manages $1.3 billion in assets for affluent individuals, family offices and charitable institutions; and Anne Marie Gagnon, Executive Director of the Alternative Investment Group at Morgan Stanley, where she oversees the firm's fund-of-funds platform for distribution into its private-client network.

The judging decisions were based primarily on performance, but also took into account qualitative and structural criteria. Evaluation for all categories-with the exception of the Newcomer group-was based on two years of absolute returns and ratios (Sharp, Sortino, Omega).

© Managed Account Reports LLC 2006