Toronto-based Gluskin Sheff + Associates Inc. took the top prize at the Canadian Hedge Fund Awards once again on Tuesday for its Blair Franklin Global Credit Fund.
The hedge fund was named the “overall best 2015 Canadian hedge fund” for the second year in a row at the awards ceremony, which was held in Toronto. Blair Franklin Global Credit Fund was recognized for having the best combined 10-year annualized return and Sharpe ratio.
PH&N Absolute Return Fund, managed by Phillips Hager and North (PH&N) Investment Management, a unit of Toronto-based RBC Global Asset Management Inc., was a runner-up in the overall best hedge fund category. That hedge fund received a second award for having the best five-year Sharpe ratio in the “global macro/managed futures/multi-strategy” category.
Third place in the “overall best 2015 Canadian hedge fund” category went to King and Victoria Fund, which is managed by Equilibrium Capital Management Inc. of Toronto.
Various hedge funds were recognized for having the best one-year return, five-year return or best five-year Sharpe ratio in the following categories: “equity focused funds,” “credit focused funds,” “market neutral funds” and “global macro/managed futures/multi-strategy funds.”
The event, which was hosted by Alternative IQ, also honoured the best service providers as chosen by Canadian hedge fund managers. Toronto-based CommonWealth Fund Services Ltd. was named the top Canadian hedge fund administrator while Toronto-based TD Securities Inc.’s prime brokerage group received the top Canadian prime broker award.
Borden Ladner Gervais LLP and Wildeboer Dellelce LLP, both based in Toronto, shared the award for top Canadian law firm. Toronto-based KPMG LLP took home the prize for best Canadian accounting firm.