Hedge Fund Winners Revealed, Goldman Named Largest Hedge Fund

Stephen Harris

22 June 2006

The top two prizes of this year's Hedge Funds Review awards were won by MT Thaler's emerging markets fund and Shooter Fund Management's multi-strategy fund. Absolute Capital Management and RAB Capital were joint winners of hedge fund group of the year. MT Thaler's New Europe Fund made 21 per cent for the year, by investing in emerging markets. Shooter's multi-strategy fund was chosen for above-average performance in the niche area of arbitraging volatility. Millennium Asset Management's Global High Yield Fund was named best-performing hedge fund over three years, with returns of 169 per cent. Separately, Alpha Magazine named Goldman Sachs Asset Management top of the world's 100 biggest hedge funds,with $21 billion of assets under management. The largest London-based hedge funds are Barclays Global Investors, sixth with $14.3 billion and Man Investments, eighth with $12.7 billion. For the record, HFR's winners are the following: Emerging markets: MT Thaler New Europe Fund, MT Thaler Investment Management Long/short equities: AlphaGen RhoCas Fund, Gartmore Equity market neutral: DWS Hedge Long/short Equity Market, DWS Investments Fixed income: Spinnaker Global Opportunity Fund, Spinnaker Capital Managed futures: DISCUS Managed Futures Program, Capital Fund Management Global macro: Greater Europe Fund, Wermuth Asset Management Convertible bond: Fortis Alpha Strategies Convertible Arbitrage Fund, Fortis Multi-strategy: Shooter Multi-style Fund, Shooter Fund Management Event-driven: Trafalgar Recovery, Trafalgar Energy: RAB Energy, RAB Capital Under $25m: Occo Latin America Fund, Charlemagne Capital New launch: DWS Hedge Long/short Equity Market Neutral, DWS Over three years: Millenium Global High Yield, Millenium Asset Management Over 10 years: Sloane Robinson Global Fund Class G Emerging, Sloane Robinson Group: (joint) Absolute Capital Management and RAB Capital