Methodology

Judges are selected from a wide variety of investor/advisor companies including private banks, family offices, funds of funds and pension funds in order to ensure funds are considered from the perspective of every type of hedge fund investor.

The judging process will begin by running a quantitive screen over all entries to extract raw performance figures, as well as other important metrics.

The managers will then be ranked on their returns, Sharpe ratio and returns over drawdowns with the top products on their aggregate ranking for these measures making the long list. Further statistics will also be generated on volatility, maximum drawdown and downside volatility.

A shortlist will then be pared from the long list, and the judges will debate to find a winner. They will take into account the quantitative statistics and apply their qualitative expertise in coming to a final decision.

All comparisons will be made between the shortlisted funds' US dollar share classes where possible. Where judges may be conflicted in an award category they will stand aside from judging.

The 2010 judging panel includes:

Margie Lindsay, Editor, Hedge Funds Review
Phil Irvine, PiRho Investment Consulting
Tushar Patel, HFIM
Luke Dixon, Universities Superannuation Scheme (USS)
Reiko Nahum, Amber Partners