Awards Methodology

Following a public call for nominations, the editorial staff of Institutional Investor magazine selects award nominees based on how strongly candidates – both those put forward via the call for nominations and those independently identified by the editorial staff - meet the criteria for their respective categories. Once the nominees are publicly announced, the magazine group then conducts a wide survey of U.S. institutional investors and invites them to vote for the manager nominees. Hedge fund managers are invited to vote for the investor nominees. Institutional Investor's editorial staff analyzes the results of the voting to determine the winners, who are announced at the annual awards dinner and ceremony, to be held this year at the Mandarin Oriental in NYC.


Hedge Fund Allocator Award Categories

Qualified nominees should be public plans, corporate pensions, endowments, foundations, family offices or sovereign wealth funds that have demonstrated excellence in absolute return investing during the past year. Although 2016 investment returns are very important to the ultimate selection, consideration will also be given to investors' long-term performance and overall ability to construct and manage a hedge fund portfolio.


Corporate Plan of the Year
Endowment of the Year
Family Office of the Year
Foundation of the Year
Health Care System of the Year
Insurance Investor of the Year
Public Plan of the Year, Large ($15 billion or more in assets)
Public Plan of the Year, Small (less than $15 billion in assets)
Sovereign Wealth Fund of the Year

Hedge Fund Consultant of the Year
Qualified nominees should be consultants that have helped craft robust hedge fund investment programs for institutional investors; provided shrewd advice, especially in a down market; and demonstrated their ability to explain complex hedge fund strategies to investment boards.


Hedge Fund Management Award Categories

Institutional Hedge Fund Firm of the Year
Qualified nominees should be hedge fund firms with an institutional-quality investment platform. Consideration will be given to overall firm performance, size and type of assets under management, senior management, reputation, innovation, firm culture, infrastructure, risk management, investor relations and contribution to the hedge fund industry.

Emerging Hedge Fund Firm of the Year
Qualified nominees should be hedge fund firms that have been in existence for no more than five years as of January 1, 2017, and have been recognized by their peers as being an outstanding investment management firms. Consideration will be given to overall firm performance, assets under management, team track record, firm culture, operational infrastructure, risk management and investor relations.

Large Fund-of-Hedge-Funds Firm of the Year
Qualified nominees should be funds-of-funds firms with $4 billion or more in assets under management as of January 1, 2017. Consideration will be given to performance, innovation, reputation, due diligence, risk management, firm culture and the proven ability of the firm to provide overall value in constructing hedge fund portfolios for clients.

Boutique Fund-of-Hedge-Funds Firm of the Year
Qualified nominees should be funds-of-funds firms with less than $4 billion in assets under management as of January 1, 2017. Consideration will be given to performance, innovation, reputation, due diligence, risk management, firm culture and the proven ability of the firm to provide overall value in constructing hedge fund portfolios for clients.

Outsourced CIO of the Year
Qualified nominees should be investment officers who, on an outsourced basis, have helped craft robust hedge fund investment programs for one or more institutional investor clients, provided shrewd advice and demonstrated their ability to work with and explain complex hedge fund strategies to investment boards.

Hedge Fund GP Investor
Qualified nominees should be investment managers that invest in the general partnership of hedge fund firms. Investments that qualify in this category include but are not limited to seed investments, in house startup funds and GP investments in established hedge fund firms. Although strong consideration will be given to 2016 investments, performance is not the sole determinant for selection. Other criteria include risk management, investment discipline and selection, portfolio management, performance track record, stability of investment team, investor relations and reputation with GPs.

Equity-Focused Hedge Fund of the Year
Qualified nominees should be hedge funds whose strategy relies primarily on equity investments. Fund strategies that qualify in this category include but are not limited to fundamental long-short equity, activist investing, short-selling and emerging-markets equity. Although strong consideration will be given to 2016 investment returns, performance is not the sole determinant for selection. Other criteria include risk management, investment discipline and selection, portfolio management, performance track record, stability of investment team, investor relations and back-office infrastructure.

Credit-Focused Hedge Fund of the Year
Qualified nominees should be hedge funds whose strategy relies primarily on credit investments. Fund strategies that qualify in this category include but are not limited to distressed debt, asset-based lending, emerging-markets debt and long-short credit. Although strong consideration will be given to 2016 investment returns, performance is not the sole determinant for selection. Other criteria include risk management, investment discipline and selection, portfolio management, performance track record, stability of investment team, investor relations and back-office infrastructure.

Hybrid Hedge Fund Firm of The Year
Qualified nominees should be firms whose strategy relies primarily on a hedge fund/private equity hybrid investing model. Funds in this category likely will have longer lockups with a focus on illiquid assets and a blend of private equity and hedge fund investment fees. Fund strategies that qualify in this category include but are not limited to distressed debt and asset-based lending. Although strong consideration will be given to 2016 investment returns, performance is not the sole determinant for selection. Other criteria include risk management, investment discipline and selection, portfolio management, performance track record, stability of investment team, investor relations and back-office infrastructure.

Multistrategy Hedge Fund of the Year
Qualified nominees should be multistrategy hedge funds. Although strong consideration will be given to 2016 investment returns, performance is not the sole determinant for selection. Other criteria include risk management, investment discipline and selection, portfolio management, performance track record, stability of investment team, investor relations and back-office infrastructure.

Relative-Value Hedge Fund of the Year
Qualified nominees should be hedge funds whose strategy relies primarily on relative-value investments. Fund strategies that qualify in this category include but are not limited to merger arbitrage, statistical arbitrage, convertible arbitrage and event-driven. Although strong consideration will be given to 2016 investment returns, performance is not the sole determinant for selection. Other criteria include risk management, investment discipline and selection, portfolio management, performance track record, stability of investment team, investor relations and back-office infrastructure.

Activist Hedge Fund Manager
Qualified nominees should be hedge funds whose strategy relies primarily on activist investments. Fund strategies that qualify in this category include but are not limited to activist and event-driven investments. Although strong consideration will be given to 2016 investment returns, performance is not the sole determinant for selection. Other criteria include risk management, investment discipline and selection, portfolio management, performance track record, stability of investment team, investor relations and back-office infrastructure.

Event-Driven Hedge Fund Firm of the Year
Qualified nominees should be hedge funds whose strategy relies primarily on event-driven investments. Fund strategies that qualify in this category include but are not limited to event-driven investments. Although strong consideration will be given to 2016 investment returns, performance is not the sole determinant for selection. Other criteria include risk management, investment discipline and selection, portfolio management, performance track record, stability of investment team, investor relations and back-office infrastructure.

Macro Hedge Fund Manager
Qualified nominees should be hedge funds whose strategy relies primarily on macro investments. Fund strategies that qualify in this category include but are not limited to fundamental macro strategies. Although strong consideration will be given to 2016 investment returns, performance is not the sole determinant for selection. Other criteria include risk management, investment discipline and selection, portfolio management, performance track record, stability of investment team, investor relations and back-office infrastructure.

Quantitative Hedge Fund Manager
Qualified nominees should be hedge funds whose strategy relies primarily on quantitative investments. Fund strategies that qualify in this category include but are not limited to quantitative investments. Although strong consideration will be given to 2016 investment returns, performance is not the sole determinant for selection. Other criteria include risk management, investment discipline and selection, portfolio management, performance track record, stability of investment team, investor relations and back-office infrastructure.


Honorees

Hedge Fund Industry Leader, Lifetime
The Hedge Fund Industry Leader Award recognizes an individual whose career has had a profound and positive impact on the hedge fund management industry. The honoree will be someone recognized for his or her intellectual leadership and personal dedication to maintaining the highest professional and ethical standards of the hedge fund industry.


Hedge Fund Rising Stars
Qualified candidates should be individuals who are playing an increasingly significant role in the hedge fund industry either as a manager or an investor. Consideration will be given to nominees who have demonstrated a proven ability to deliver in their field, have received recognition by their firms, have demonstrated entrepreneurship, are highly regarded by their peers and have made a broader contribution to the hedge fund industry.

Venue & Date

Mandarin Oriental
80 Columbus Circle at 60th Street
New York, NY 10023
T: +1 (212) 805 8800
www.mandarinoriental.com/newyork/

June 21, 2017

6:30 PM - 7:30 PM: Cocktail Reception
7:30 PM - 10:00 PM: Dinner and Awards Ceremony
10:00 PM - 11:00 PM: After-Ceremony Cocktails More Event Information

Contact Us

For information on sponsoring or attending this year's awards, please contact Patricia Bertucci at pbertucci@institutionalinvestor.com or +1 (212) 224 3890.

Investors and consultants are invited to attend the awards dinner as guests of our awards sponsors. For more information or to confirm your attendance at the awards dinner, please contact Lois Wilkins at lois.wilkins@institutionalinvestor.com or +1 (212) 224 3165.

Please direct questions regarding the nomination and award selection process to hedgefundawards@institutionalinvestor.com.