We are honored to share that Welton Advantage was shortlisted in two award categories at this year’s 2024 HFM U.S. Performance Awards. Thank you to HFM, and hearty congratulations to the distinguished fellow nominees.
Equity – US-only
- Welton Investment Partners, Welton Advantage
- Anacapa Advisors, Anacapa Alpha
- Atlantic Investment Management, Cambrian Fund
- Callodine Capital Management, Callodine Capital Fund
- Galliant Advisors, Galliant Equity Long Short Fund
- Gondor Capital Management, Gondor Capital Management
- No Street Capital, Harvest Small Capital Partners
- Spitfire Capital, The Spitfire Fund
Multi-Strategy – Under $1bn
- Welton Investment Partners, Welton Advantage
- Anacapa Advisors, Anacapa Alpha
- Diametric Capital, Diametric Capital Enhanced Market Neutral Fund
- GrandLine Technologies, GrandLine Technologies Digital Alpha Master Fund
- Hildene Capital Management, Hildene Opportunities Master Fund
- Magnetar Capital, Magnetar Systematic Multi-Strategy Fund
- TPG Angelo Gordon, AG Super Fund
- Taafeite Capital Management, TCM Global Index Fund
Winners will be determined by a panel of institutional and private investors and investment consultants, and announced on October 22, 2024, in New York.
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*To be considered for the HFM U.S. Performance Awards 2024 a manager had to submit an application to the organizer regarding their firm and programs for review. There were no fees charged by the organizer for a manager to participate in the selection process. The awards were open to all qualifying U.S. hedge funds, fund of funds, and CTA firms. To qualify a fund’s management/advisory company or team must be based in the U.S.; have a minimum of $25m in AuM as of June 2024; and a 3-year track record of monthly performance data through June 2024. Funds had to submit monthly performance data for their USD share class. If unavailable, EUR share class data was accepted and HFM will convert it to USD. 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 2024. Funds submitting for newcomer and digital assets categories must have a minimum of $10m in AuM as of June 2024. Funds submitting for funds of hedge funds categories must have a minimum of $50m in AuM as of June 2024. Funds entering any of the categories except newcomer, ESG, best digital assets and alternative risk premia had to submit a 3-year track record of monthly performance data through June 2024. Funds entering the newcomer categories needed 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 2024. Funds entering the ESG, best digital assets and alternative risk premia categories needed a track record of monthly performance data of at least 12 months through June 2024. Funds entering the long-term performance (5 years) categories had to submit a 5-year track record of monthly performance data through June 2024. Managers are judged by a panel made up of leading institutional and private consultants and investment consultants. Judges focus on absolute performance as well as standard deviation of returns and outperformance versus the relevant With Intelligence benchmark index. They also take into consideration the relative AUM, 1, 3 and 5-year track-records, nature of the investment strategy, other supporting materials and professional knowledge they have about shortlisted funds to come to their decisions. This methodology aims to reflect how institutional investors assess hedge fund performance in their allocation decisions in the real world. The judges and HFM staff have discretionary power to move submissions into alternative categories that they believe to be more suitable, or to disqualify entries. Each member of the judging panel has an equal weight in choosing the winners in each category they are assigned.