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Alternative IQ Announces Winners of the 2021 Canadian Hedge Fund Awards

·7 min read

Toronto, Ontario--(Newsfile Corp. - October 19, 2021) - The 2021 Canadian Hedge Fund Awards, the highest honour in Canada's hedge fund industry, were presented this afternoon at the virtual event produced by Alternative IQ.

The Canadian Hedge Fund Awards help investors identify the most exceptional hedge funds, recognizing winners in 5 categories as well as the Overall Best 2021 Canadian Hedge Fund.

A total of 226 Canadian Hedge Funds were included in the 2021 CHFA program. The awards are based solely on quantitative performance data to June 30th, with Fundata Canada managing the collection and tabulation of the data to determine the winners. There is no nomination process or subjective assessment in identifying the winning hedge funds.

For the full Directory of Canadian Hedge Funds, including performance data, check here: http://alternativeiq.com/hf-directory/.

Average Performance as at June 30, 2021


Category

Avg 1Yr Return

Avg 3Yr Return

Avg 5Yr Return

Avg 3Yr Sharpe

Avg 5Yr Sharpe

Equity Focused

48.91

12.73

11.73

0.65

0.76

Credit Focused

15.80

6.28

7.40

0.75

0.99

Market Neutral

9.01

4.47

3.43

0.40

0.44

Global Macro/Managed Futures/Multi-Strategy

21.71

6.55

6.41

0.65

0.72

Private Debt

4.18

4.98

6.05

n/a

n/a

Total

33.49

9.40

9.13

0.64

0.75

Overall Best 2021 Canadian Hedge Fund:
(based on best combined 10 year annualized return and Sharpe ratio).

(based on 10 Year Return AND Sharpe Ratio)

Place

Fund Name

10 Year Return

10 Year Sharpe Ratio

1

GFI Good Opportunities Fund

16.30%

1.31

2

ROMC Fund

14.61%

0.81

3

WARATAH Performance

9.38%

1.21

2021 Canadian Hedge Fund Award Winners by Category are:

Equity Focused Category

1 Year Return

Place

Fund Name

Return

1

Palos WP Growth Fund

206.95

2

XIB Fund

165.04

3

AlphaNorth Partners Fund

153.35

3 Year Return

Place

Fund Name

Return

1

Lynwood Opportunities Fund

51.99

2

AlphaNorth Partners Fund

40.98

3

Palos WP Growth Fund

36.17

5 Year Return

Place

Fund Name

Return

1

AlphaNorth Partners Fund

40.35

2

MMCap Canadian Fund

33.97

3

Covista Value Fund LP

28.73

3 Year Sharpe Ratio

Place

Fund Name

Sharpe Ratio

1

Lynwood Opportunities Fund

1.94

2

Forge First Long Short LP

1.44

3

NewGen Equity Long-Short Fund LP

1.42

5 Year Sharpe Ratio

Place

Fund Name

Sharpe Ratio

1

WARATAH Performance

1.75

2

NewGen Equity Long-Short Fund LP

1.54

3

Lumen Long Short Equity Fund

1.44

Credit Focused Category:

1 Year Return

Place

Fund Name

Return

1

NorthStream Credit Strategies Fund LP

55.69

2

RP Select Opportunities Fund

37.87

3

Wealhouse Amplus Credit Income Fund

28.00

3 Year Return

Place

Fund Name

Return

1

NorthStream Credit Strategies Fund LP

12.31

2

East Coast Strategic Credit Trust

10.11

3

Purpose Credit Opportunities Fund

9.26

5 Year Return

Place

Fund Name

Return

1

NorthStream Credit Strategies Fund LP

13.23

2

Picton Mahoney Special Situations Fund

10.81

3

Purpose Credit Opportunities Fund

10.77

3 Year Sharpe Ratio

Place

Fund Name

Sharpe Ratio

1

Marret Diversified Opportunities Fund

2.17

2

Marret Enhanced Tactical Fixed Income Fund

1.67

3

Picton Mahoney Special Situations Fund

1.09

5 Year Sharpe Ratio

Place

Fund Name

Sharpe Ratio

1

Marret Enhanced Tactical Fixed Income Fund

2.01

2

Picton Mahoney Special Situations Fund

1.60

3

Picton Mahoney Income Opportunities Fund

1.44

Market Neutral Category:

1 Year Return

Place

Fund Name

Return

1

Picton Mahoney Arbitrage Plus Fund

39.48

2

The HGC Fund LP

32.40

3

Picton Mahoney Arbitrage Fund

18.53

3 Year Return

Place

Fund Name

Return

1

The HGC Fund LP

18.80

2

Picton Mahoney Arbitrage Plus Fund

18.14

3

Picton Mahoney Arbitrage Fund

8.89

5 Year Return

Place

Fund Name

Return

1

The HGC Fund LP

14.34

2

Picton Mahoney Arbitrage Fund

6.82

3

Picton Mahoney Market Neutral Equity Fund

5.84


3 Year Sharpe Ratio

Place

Fund Name

Sharpe Ratio

1

The HGC Fund LP

1.47

2

Picton Mahoney Arbitrage Plus Fund

1.45

3

Picton Mahoney Arbitrage Fund

1.37

5 Year Sharpe Ratio

Place

Fund Name

Sharpe Ratio

1

The HGC Fund LP

1.43

2

Picton Mahoney Arbitrage Fund

1.29

3

Picton Mahoney Market Neutral Equity Fund

1.05

Global Macro/Managed Futures/Multi-Strategy Category:

1 Year Return

Place

Fund Name

Return

1

Palos Income Fund, LP

53.89

2

Viewpoint Global Risk Parity LP

53.50

3

Level 3 Total Return Opportunities Fund

51.96

3 Year Return

Place

Fund Name

Return

1

The K2 Principal Fund LP

19.74

2

K2 Principal Trust

19.16

3

AIP Convertible Private Debt Fund LP

16.40

5 Year Return

Place

Fund Name

Return

1

AIP Convertible Private Debt Fund LP

20.42

2

The K2 Principal Fund LP

17.23

3

K2 Principal Trust

17.06

3 Year Sharpe Ratio

Place

Fund Name

Sharpe Ratio

1

TURN8 Alternative Fund

1.95

2

AIP Convertible Private Debt Fund LP

1.78

3

Forge First Multi Strategy LP

1.53

5 Year Sharpe Ratio

Place

Fund Name

Sharpe Ratio

1

TURN8 Alternative Fund

2.23

2

AIP Convertible Private Debt Fund LP

1.95

3

Kensington Alternative Strategies Fund

1.79

Private Debt

1 Year Return

Place

Fund Name

Return

1

Purpose Specialty Lending Trust

12.46

2

Ninepoint Monroe U.S Private Debt Fund

12.33

3

Portland Private Income Fund

11.58

3 Year Return

Place

Fund Name

Return

1

Westbridge Capital Partners Income Trust

11.54

2

Invico Diversified Income Fund

9.28

3

Portland Private Income Fund

8.19

5 Year Return

Place

Fund Name

Return

1

Bloom Burton Healthcare Lending Trust

9.89

2

Invico Diversified Income Fund

9.75

3

Ninepoint TEC Private Credit Fund

8.64

The 14th Annual Canadian Hedge Fund Awards and Virtual Conference:

In addition to the announcement of the Winners of the 2021 Canadian Hedge Fund Awards, online guests heard from industry thought leaders on a range of topics. Speakers included Steven Palmer, Founding Partner and CIO, AlphaNorth Asset Management; Chung Kim, Portfolio Manager, Arrow Capital Management; Tim Elliott, President at Connor, Clark & Lunn; Scott Miller, Director of Business Development, East Coast Fund Management; and Sandy Liang, Partner and Portfolio Manager, Purpose Investments.

The 2021 Canadian Hedge Fund Awards program would not have been possible without the generous support of its Sponsors:

  • Principal Sponsors: Fundata Canada and KPMG

  • Supporting Hedge Funds: AIP Asset Management, AlphaNorth Asset Management, Arrow Capital Management, Connor Clark & Lunn Financial Group, East Coast Fund Management, GFI Investment Counsel, HGC Investment Management, Picton Mahoney Asset Management, Purpose Investments and Waratah Capital Advisors

  • Associate Sponsors: National Bank Independent Network, Osler, RBC Capital Markets, Scotiabank, SGGG Fund Services, Sigma Sandbox, SS&C Technologies, and TD Bank

  • Media Partner: Newsfile

For more information about the annual CHFA program, go to: www.alternativeiq.com or call:

Julie Makepeace
Managing Director, Alternative IQ; and
President, Alliance Sales and Marketing, Inc.
jmakepeace@alliancesalesandmarketing.com
416-906-3782

About Alternative IQ: Alternative IQ produces the annual Canadian Hedge Fund Awards program and its presentation events held in Toronto each October (performance as at June 30th), the annual CHFA Winners Showcase Investor Conferences which present managers of award-winning hedge funds to investors, and various other programs and publications serving the hedge fund industry in Canada. Alternative IQ is dedicated to celebrating, supporting and expanding Canada's Hedge Fund Industry. AIQ is a division of Alliance Sales and Marketing, Inc.

About the Annual Canadian Hedge Fund Awards: The Annual Canadian Hedge Fund Awards were first held in 2008 and have a two-fold objective: First, to celebrate the talent and accomplishments of Canada's hedge fund industry, and second, to draw attention to Canada's hedge funds by raising the awareness of that expertise in the media and among the wider investment community.

- 30 -

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/100053

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