The Hedge Fund Journal Alternative & Private Credit Awards 2021

Winners

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Originally published on 18 August 2021

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The Hedge Fund Journal Alternative & Private Credit Awards 2021 – Winners List [PDF]

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Special Situations – Europe – Firm Assets > $1bn
Best Multi-Vintage Performance with an average IRR of 13% across 2014, 2016 and 2018 vintages

(RoundShield Partners)

Direct Lending – Senior/European
Best 2013 Vintage with an IRR of 11.36%
 
Kartesia Credit Opportunities III
(Kartesia)

Direct Lending – Senior/European
Best 2018 Vintage with an IRR of 10.35% 
Kartesia Credit Opportunities IV
(Kartesia)

Global Credit Special Situations
Best Performing Fund in 2020 with a return of 15.2% and a Sharpe of 2.89

Cladrius LP
(Cladrius Partners)

Direct Lending – Senior/US
Crestline Specialty Lending Fund I

Best 2014 Vintage with an IRR of 12.23%
(Crestline)

Best Structured Credit Launch
CloverTree CLO fund with +74% net return in its first 12 months
(Orchard Global Asset Management)

Asset Backed Securities – Europe – Firm Assets < $100m
Best Performing Fund over 3 Years with an annualised return of 7.2% and a Sharpe of 1.95
SCIO Opportunity Fund
(SCIO)

European Venture Debt
Best Multi-Vintage Performance with an average IRR of 18.45% across 2012, 2016 and 2017 vintages 
(Inveready)

US Special Situations – Firm Assets < $1bn
Best Multi-Vintage Performance with an average IRR of 32.49% across 2011, 2013, 2015 and 2018 vintages
(HoldCo)

Fixed Income Arbitrage – North America
Best Performing Fund over 5 Years with an annualised return of 8.76% and a Sharpe of 2.75

PGIM Fixed Income U.S. Liquidity Relative Value Master Fund
(PGIM)

Fixed Income Arbitrage – Brazil
Best Performing Fund over 3 Years with an annualised return of 10.26% and a Sharpe of 2.52

Quantitas FIM Galapagos
(Quantitas)

Fixed Income Arbitrage – South Africa
Best Performing Fund over 5 Years with an annualised return of 10.55% and a Sharpe of 3.92

Nautilus Fairtree Proton Retail Hedge Fund
(Fairtree)

Emerging Market Long/Short Fixed Income
Best Performing Fund in 2020 with a return of 31.06% and a Sharpe of 1.83

GaoTeng Emerging Markets Plus Long/Short Fixed Income Alpha Fund
(GaoTeng) 

Structured Credit (Systematic) – US
Best Performing Fund in 2020 with a return of 78.18% and a Sharpe of 2.81

Axonic PG Structured Credit Fund
(Axonic)

North American Venture Debt
Best Multi-Vintage Performance over 25 years with an average IRR of 25.45% across 1994, 1997, 2004, 2007, 2010, 2013 and 2015 vintages
(Western Technology)

Mezzanine – China RMB Mezzanine Debt Specialist
Best Multi-Vintage Performance with an average IRR of 13.40% across 2012, 2013, 2016 and 2017 vintages

(CDH Investments)

US Municipal Bonds – Multi Strategy
Best Performing Fund over 5 Years with an annualised return of 12.19% and a Sharpe of 2.99

Whitehaven Credit Opportunities Master Fund
(Whitehaven) 

Fixed Income Arbitrage – Global
Best Performing Fund over 2 Years with an annualised return of 16.25% and a Sharpe of 5.13

Garda FIRV Opportunity Master Fund
(Garda)

Africa Fixed Income Multi Strategy
Best Performing Fund over 3 Years with an annualised return of 19.36% and a Sharpe of 4.97

Enko Africa Debt Fund
(Enko Capital) 

Disclaimer

Preqin provides The Hedge Fund Journal with performance data based on information available on our platform Preqin Pro, which offers performance data covering a universe of more than 30,000 funds.

The performance data is compiled using public domain information and data reported to Preqin by the funds themselves. As Preqin is a provider of data, analysis, and insights rather than an auditor, the data we collect is not independently verified or assessed. Hence, Preqin cannot guarantee the validity of the information provided.

If a fund wishes to name Preqin as the data source for The Hedge Fund Journal awards in marketing materials, they may only do so if they repeat the above statement within their materials.

Our awards methodology

Our data partner is Preqin. We do not invite submissions and we do not create or publish shortlists. We do follow Preqin categorisations but we also create additional categories; this work is done by our editor Hamlin Lovell based on his experience. The risk adjusted return calculations done to determine the best performers across the various award categories are largely done by Preqin but some are done by us. We contact the best performers – based solely on the data – and request their participation in the awards. If managers/funds decline to participate we scrap the category/award. We do not contact the next best performer to request their participation.