Toronto, Ontario--(Newsfile Corp. - November 6, 2024) - The 2024 Canadian Hedge Fund Awards, the highest honour in Canada's hedge fund industry, were presented yesterday evening at the Gala Awards Dinner at One King West Hotel in Toronto.
The Canadian Hedge Fund Awards help investors identify the most exceptional hedge funds, recognizing winners in 6 categories as well as the Overall Best 2024 Canadian Hedge Fund.
A total of 273 Canadian Hedge Funds were included in the 2024 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 Canadian Hedge Fund Performance as at June 30, 2024
| Category | Avg 1Yr Return | Avg 3Yr Return | Avg 5Yr Return | Avg 3Yr Sharpe | Avg 5Yr Sharpe |
| Equity Focused | 10.64% | 0.23% | 7.44% | -0.01 | 0.44 |
| Credit Focused | 9.19% | 4.36% | 5.28% | 0.44 | 0.42 |
| Market Neutral | 8.26% | 4.86% | 5.30% | 0.24 | 0.53 |
| Global Macro/Managed Futures/Multi-Strategy | 8.76% | 2.71% | 5.62% | 0.09 | 0.44 |
| Private Debt | 6.29% | 6.67% | 6.65% | ||
| Private Equity | 6.82% | 5.46% | 3.94% | ||
| Total | 9.77% | 1.82% | 6.53% | 0.10 | 0.44 |
Overall Best 2024 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 | AIP Convertible Private Debt Fund LP | 22.61% | 1.17 | |
| 2 | Lumen Long Short Equity Fund | 12.42% | 1.15 | |
| 3 | SMI Defensive LP | 10.91% | 1.22 | |
2024 Canadian Hedge Fund Award Winners by Category are:
Equity Focused Category
| 1 Year Return | ||||
| Place | Fund Name | Return | ||
| 1 | Bedford Park Opportunities Fund | 74.63% | ||
| 2 | DKAM Capital Ideas Fund | 51.69% | ||
| 3 | Kipling Global Enhanced Growth Fund | 33.86% | ||
| 3 Year Return | ||||
| Place | Fund Name | Return | ||
| 1 | Canoe Energy Alpha Fund LP | 34.90% | ||
| 2 | Wealhouse Lions Bay Fund | 20.93% | ||
| 3 | SMI Defensive LP | 16.16% | ||
| 5 Year Return | ||||
| Place | Fund Name | Return | ||
| 1 | Canoe Energy Alpha Fund LP | 26.85% | ||
| 2 | Wealhouse Lions Bay Fund | 21.42% | ||
| 3 | Pathfinder Resource Fund | 17.90% | ||
| 3 Year Sharpe Ratio | ||||
| Place | Fund Name | Sharpe Ratio | ||
| 1 | SMI Defensive LP | 3.99 | ||
| 2 | Wealhouse Lions Bay Fund | 1.80 | ||
| 3 | Canoe Energy Alpha Fund LP | 1.66 | ||
| 5 Year Sharpe Ratio | ||||
| Place | Fund Name | Sharpe Ratio | ||
| 1 | Wealhouse Lions Bay Fund | 1.83 | ||
| 2 | SMI Defensive LP | 1.31 | ||
| 3 | Lumen Long Short Equity Fund | 1.21 | ||
Credit Focused Category:
| 1 Year Return | ||||
| Place | Fund Name | Return | ||
| 1 | RP Select Opportunities Fund | 15.26% | ||
| 2 | East Coast Strategic Credit Trust | 14.35% | ||
| 3 | Kipling Strategic Income Fund | 13.65% | ||
| 3 Year Return | ||||
| Place | Fund Name | Return | ||
| 1 | NorthStream Credit Strategies Fund LP | 12.29% | ||
| 2 | Wealhouse Amplus Credit Income Fund | 10.02% | ||
| 3 | East Coast Strategic Credit Trust | 8.02% | ||
| 5 Year Return | ||||
| Place | Fund Name | Return | ||
| 1 | NorthStream Credit Strategies Fund LP | 14.72% | ||
| 2 | RP Select Opportunities Fund | 8.85% | ||
| 3 | East Coast Strategic Credit Trust | 7.83% | ||
| 3 Year Sharpe Ratio | ||||
| Place | Fund Name | Sharpe Ratio | ||
| 1 | Wealhouse Amplus Credit Income Fund | 3.25 | ||
| 2 | Access Private Income Fund | 2.75 | ||
| 3 | NorthStream Credit Strategies Fund LP | 1.60 | ||
| 5 Year Sharpe Ratio | ||||
| Place | Fund Name | Sharpe Ratio | ||
| 1 | NorthStream Credit Strategies Fund LP | 1.15 | ||
| 2 | Picton Mahoney Special Situations Fund | 0.84 | ||
| 3 | Kipling Strategic Income Fund | 0.75 | ||
Market Neutral Category:
| 1 Year Return | ||||
| Place | Fund Name | Return | ||
| 1 | RBC QUBE Market Neutral World Equity | 19.65% | ||
| 2 | CC&L Global Market Neutral | 13.93% | ||
| 3 | Waratah One X | 10.87% | ||
| 3 Year Return | ||||
| Place | Fund Name | Return | ||
| 1 | Altema Diversified Equity Market Neutral Fund | 16.72% | ||
| 2 | RBC QUBE Market Neutral World Equity | 12.47% | ||
| 3 | CC&L Global Market Neutral | 9.49% | ||
| 5 Year Return | ||||
| Place | Fund Name | Return | ||
| 1 | Picton Mahoney Arbitrage Plus Fund | 11.30% | ||
| 2 | HGC Fund LP (The) | 10.93% | ||
| 3 | CC&L Global Market Neutral | 8.17% | ||
| 3 Year Sharpe Ratio | ||||
| Place | Fund Name | Sharpe Ratio | ||
| 1 | CC&L Global Market Neutral | 1.50 | ||
| 2 | RBC QUBE Market Neutral World Equity | 1.44 | ||
| 3 | Picton Mahoney Market Neutral Equity Fund | 0.82 | ||
| 5 Year Sharpe Ratio | ||||
| Place | Fund Name | Sharpe Ratio | ||
| 1 | Picton Mahoney Market Neutral Equity Fund | 1.13 | ||
| 2 | CC&L Global Market Neutral | 1.00 | ||
| 3 | Picton Mahoney Arbitrage Plus Fund | 0.98 | ||
Global Macro/Managed Futures/Multi-Strategy Category:
| 1 Year Return | ||||
| Place | Fund Name | Return | ||
| 1 | CC&L Absolute Return Fund | 24.76% | ||
| 2 | SIA ML Global Tactical Pool | 19.30% | ||
| 3 | Level 3 Total Return Opportunities Fund | 18.05% | ||
| 3 Year Return | ||||
| Place | Fund Name | Return | ||
| 1 | CC&L Absolute Return Fund | 12.76% | ||
| 2 | SMI Opportunities LP | 11.97% | ||
| 3 | Level 3 Total Return Opportunities Fund | 9.35% | ||
| 5 Year Return | ||||
| Place | Fund Name | Return | ||
| 1 | SMI Opportunities LP | 16.12% | ||
| 2 | Level 3 Total Return Opportunities Fund | 14.39% | ||
| 3 | CC&L Absolute Return Fund | 12.56% | ||
| 3 Year Sharpe Ratio | ||||
| Place | Fund Name | Sharpe Ratio | ||
| 1 | Westcourt Performance Portfolio | 1.19 | ||
| 2 | CC&L Absolute Return Fund | 1.13 | ||
| 3 | RBC Multi-Strategy Alpha Fund | 0.83 | ||
| 5 Year Sharpe Ratio | ||||
| Place | Fund Name | Sharpe Ratio | ||
| 1 | Forge First Multi Strategy LP | 1.15 | ||
| 2 | CC&L Absolute Return Fund | 1.09 | ||
| 3 | Level 3 Total Return Opportunities Fund | 1.09 | ||
Private Debt
| 1 Year Return | ||||
| Place | Fund Name | Return | ||
| 1 | AGF SAF Private Credit LP | 15.52% | ||
| 2 | Purpose Apollo Private Credit Fund | 15.01% | ||
| 3 | KIWI Business Credit Fund LP | 13.56% | ||
| 3 Year Return | ||||
| Place | Fund Name | Return | ||
| 1 | Merchant Opportunities Fund LP | 13.20% | ||
| 2 | Espresso Venture Debt Trust | 11.96% | ||
| 3 | Invico Diversified Income Fund | 11.70% | ||
| 5 Year Return | ||||
| Place | Fund Name | Return | ||
| 1 | Espresso Venture Debt Trust | 11.21% | ||
| 2 | Westbridge Capital Partners Income Trust | 10.92% | ||
| 3 | Invico Diversified Income Fund | 9.90% | ||
Private Equity
| 1 Year Return | ||||
| Place | Fund Name | Return | ||
| 1 | Purpose Pantheon Private Equity Fund | 13.03% | ||
| 2 | Hamilton Lane Global Private Assets | 10.78% | ||
| 3 | Canoe Global Private Equity Fund | 9.63% | ||
| 3 Year Return | ||||
| Place | Fund Name | Return | ||
| 1 | Hamilton Lane Global Private Assets | 14.33% | ||
| 2 | Portland Global Sustainable Evergreen LP | 8.75% | ||
| 3 | Canoe Global Private Equity Fund | 7.96% | ||
| 5 Year Return | ||||
| Place | Fund Name | Return | ||
| 1 | Kensington Private Equity Fund | 10.81% | ||
| 2 | Portland Global Sustainable Evergreen LP | 7.42% | ||
| 3 | MacNicol & Associates Emergence Fund | 4.01% | ||
The 2024 Canadian Hedge Fund Awards program would not have been possible without the generous support of its Sponsors:
Principal Sponsor: Fundata Canada
Table Sponsors: Pinnacle Fund Services, RBC Capital Markets and SGGG Fund Services
Associate Sponsors: National Bank Independent Network, Scotiabank, and TD Bank
Media Partner: Newsfile
The CHFA Winners Showcase 2025 Investor Conference will be held in Toronto in March and will feature award-winning Canadian hedge fund managers.
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 autumn (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.
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