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Element, Renaissance lead winners at Absolute Return Awards

Element, Renaissance lead winners at Absolute Return Awards

The event honored funds achieving the best risk-adjusted returns in their strategies during the past one-, five- and 10-year periods.

About 150 hedge fund professionals gathered at the JC Marriott Essex House in New York last night for Absolute Returns 14thannual performance awards. The event honored funds achieving the best risk-adjusted returns in their strategies during the past one-, five- and 10-year periods.

Twenty-one categories were honored in all, withAbsolute Returneditor Nathaniel E. Baker acting as master of ceremonies and RSM the evenings key sponsor. The awards are particularly significant after last year, one of the most challenging for hedge funds since the 2008 financial crisis. Just one quarter of hedge funds made returns greater than 2.94% in 2018, according to Morgan Stanley prime brokerage data.

Jeffrey Talpins Element Capital Management took home awards for Fund of the Year and Global Macro Fund in the one-year category. The Element Capital Fund returned 17.3% last year, continuing its run of positive performance since inception. The fund is believed to be the largest global macro strategy overseen by human traders, with more than $17 billion.

Renaissance Technologies, the quantitative hedge fund firm based in East Setauken, N.Y., received the Management Firm of the Year award. Each of Renaissances funds finished in positive territory last year.

Alta Park Capital, a San Francisco-based technology hedge fund, won both last years Specialist Equity award and the five-year honor for equity funds managing between $250 million and $1 billion. Its flagship fund gained more than 34% last year. The fund, which launched in 2013, reached its five-year milestone last year.

Ken Griffins Citadel earned one award for its Tactical Trading fund, which was the top-performing fund larger than $1 billion in non-equity strategies during the past five years. D. E. Shaw & Co. took home the award for performance in the multistrategy category last year.

In the 10-year performance categories for funds larger than $1 billion, the Perceptive Life Sciences Fund and Hildene Opportunities Fund won for equity and non-equity strategies, respectively.

Wolverine Asset Management won New Fund of the Year for its Wolverine Intrinsic strategy, which focuses on volatility strategies. The fund gained more than 20% in its first months of trading last year.

Fixed Income & Mortgage Backed Securities (min $250m)

Long Term Performance Equity-only 5 Years ($250m-$1bn)

Long Term Performance Equity-only 5 Years ($1bn and above)

Long Term Performance Non Equity 5 Years ($250m-$1bn)

Long Term Performance Non Equity 5 Years ($1bn and above)

Long Term Performance Equity-only 10 Years ($250m-$1bn)

Long Term Performance Equity-only 10 Years ($1bn and above)

Long Term Performance Non Equity 10 Years ($250m-$1bn)

Metacapital Mortgage Opportunities Master Fund

Long Term Performance Non Equity 10 Years ($1bn and above)

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