Stellar hedge fund returns rewarded
Regal Funds Management’s Regal Atlantic Absolute Return Fund took out the Hedge Fund of the Year award at last night’s 2007 Australian Hedge Fund Awards.
Established in 2004, the Australian manager’s A$80 million hedge fund has returned 125.63 per cent per annum over the past 24 months, compared to an average net 25.07 per cent per annum for Australian long-short and absolute return hedge funds.
Melbourne-based K2 Select International Absolute Return Fund and Warakirri Alternative Strategies Fund were announced as Best Long-Short and Absolute Return Fund and Best Fund of Fund respectively.
Cadence Capital, a Sydney-based long-short Australian equities fund established in October 2005, won the Best Emerging Manager category.
The Best Market Neutral Fund Award went to BGI Total Return — Australian Equity Market Neutral, while GMO Global Tactical Trust won Best Global Macro/Futures Fund.
ColonialFirstState took out the Best Investor Supporting Australian Managers award for “playing a critical role in educating both institutional and retail investors to have an exposure to alternative strategies”.
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