HFM APAC Performance Awards
previous winners

The With Intelligence HFM APAC Performance Awards are the most important and influential hedge fund awards in the calendar, with the best-performing funds all vying for industry-wide recognition and celebration.

Nominees and winners are determined objectively, using a combination of Sharpe ratios and absolute returns. This quantitative approach ensures the awards reflect the two primary aims of hedge funds – to manage volatility and to deliver positive returns for investors.

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HFM APAC Performance Awards 2025 winners


Asia Equity
AGT Partners
Ginko-AGT Global Growth Fund
Asia Equity exc Japan
Platinum Asset Management
Platinum Asia Fund
Australia Equity
Firetrail Investments
Firetrail Absolute Return Fund
China Equity (Over $500m)
Triata Capital
Triata China Equity Master Fund
China Equity (Up to $500m)
Golden Nest Capital Management
Golden Nest Greater China Fund
Credit
Prudence Investment Management
Prudence Multi-Strategy - Credit
Digital Assets
Apollo Crypto
Apollo Crypto Market Neutral Fund
Event Driven (Over $500m)
Strategic Capital
Japan-Up Unit Trust
Event Driven (Up to $500m)
Auspicious Capital Management
Zongyi Auspicious Global Opportunity Fund
Fixed Income (Over $500m)
Alceon Group
Alceon Australian Real Estate Corporate Senior Loan Fund
Fixed Income (Up to $500m)
Merricks Capital
Merricks Capital Agriculture Credit Fund
Fund of Hedge Funds
Nanjia Capital
ATAF Sub Fund
Global Equity (Over $500m)
CloudAlpha Capital Management
Singularity Master Fund
Global Equity (Up to $500m)
Global Value Chain Investment Corporation
Golden Eagle Global Trends Fund
Indian Equity (Over $500m)
Alpha Alternatives Fund Advisors
Alpha Alternatives Equity Absolute Return Strategy
Indian Equity (Up to $500m)
ASK Hedge Solutions
ASK Absolute Return Fund
Japan Equity
Sector Asset Management
Sector Zen Fund
Macro (Over $500m)
LHG Capital Management
LHG Premium Investments Fund
Macro (Up to $500m)
Lakefront Asset Management
Lakefront No.4 China Macro Fund
Multi-Strategy
Step Capital Management
Step Investment Fund I
Quant Equity
OQ Funds Management
OQ Asia Absolute Alpha Fund
Relative Value
Abans Investment Managers
Abans Global Arbitrage Fund
UCITS
BlackRock
BSF BlackRock Systematic Asia Pacific Equity Absolute Return Fund
Managed Futures
TrueAlpha Technology Asset Management
PMC Managed Futures Segregated Portfolio
Emerging Manager - Smaller Fund - Equity
Paragon Funds Management
Paragon Australian Long Short Fund
Emerging Manager - Smaller Funds - Non-Equity
Cornucopia Capital Partners
Cornucopia Contra OFC
New Fund of the Year
Going Asset Management
Going Investment Fund
Management Firm of the Year
CloudAlpha Capital Management Limited
Fund of the Year
Lakefront Asset Management
Lakefront No.4 China Macro Fund
Billion Dollar Fund of the Year
UG Investment Advisers
UG Hidden Dragon Special Opportunity Fund
Longer-term (5 years): Credit
Coolabah Capital Investments
Smarter Money Long-Short Credit Fund
Longer-term (5 years): Equity Strategies
Simplex Asset Management
Simplex Oyako Strategy
Longer-term (5 years): Macro/Futures
AVM Capital
AVM Global Opportunity Fund
Longer-term (5 years): Multi-Strategy
L1 Capital
L1 Capital Global Opportunities Fund
Global $1bn+ Manager - Multi-Strategy
Schonfeld Strategic Advisors
Schonfeld Strategic Partners Fund
Global $1bn+ Manager - Macro & Futures
BlackRock
BlackRock Global Alpha Opportunities Fund
Global $1bn+ Manager - Fixed Income/Credit
AG Mortgage Value Partners
TPG Angelo Gordon
Global $1bn+ Manager - Equity Strategies
Man Group
Man Numeric Quantitative Alpha Strategy

HFM APAC Performance Awards 2024 winners


Asia equity
Aurigin Fund
Aurigin Capital Management
Asia equity exc Japan
Cheetah Korea Value Fund
ANDA Asset Management
Australia equity
Regal Australian Small Companies Fund
Regal Funds Management
China equity (above $500m)
First Beijing First China Fund
First Beijing Investment
China equity (below $500m)
Horizon China
HD Capital
Credit
Alexander Credit Opportunities Fund
Alexander Funds Management
Digital assets
Golden Pear Genesis Fund Cayman
Golden Pear Capital
Emerging manager - smaller funds - macro, futures, fixed income & RV
Quantos Global Fund
Quantos Capital
Emerging manager - smaller fund - equity strategies
Black Crane Asia Pacific Opportunities Fund
Black Crane Investment Management
Event driven
LIM Japan Event Fund
LIM Advisors
Fixed income
Aura High Yield SME Fund
Aura Funds Management
Fund of hedge funds
ATAF Sub Fund
Nanjia Capital
Global $1bn+ manager - equity strategies
Schonfeld Fundamental Equity Fund
Schonfeld Strategic Advisors
Global $1bn+ manager - macro, futures, fixed income & RV
D.E. Shaw Oculus
D.E. Shaw Group
Global $1bn+ manager - multi-strategy
Verition Multi-Strategy Fund
Verition Fund Management
Global equity (above $500m)
Munro Global Growth Fund
Munro Partners
Global equity (below $500m)
FengHe Opportunities Fund
FengHe Fund Management
India equity (above $500m)
Karma Wealth Builder
Karma Capital
India equity (below $500m)
First Water India Fund
First Water Capital
Japan equity (above $500m)
SPARX Japan Long-Short Fund
SPARX Asia Capital Management
Japan equity (below $500m)
Japan-Up Unit Trust
Strategic Capital
Longer term (5 years) - equity strategies
Japan-Up Unit Trust
Strategic Capital
Longer term (5 years) - macro, futures, fixed income & RV
LHG Premium Investments Fund
LHG Capital Management
Longer term (5 years) - multi-strategy
L1 Capital Global Opportunities Fund
L1 Capital
Macro (above $500m)
LHG Premium Investments Fund
LHG Capital Management
Macro (below $500m)
LC Beacon Global Fund
Lighthouse Canton
Managed futures
Eagle China Fund
Eagle Labs Capital
Multi-strategy
Kai Capital
Kai Capital
Quant equity
Nipun Asia Total Return Fund
Nipun Capital
Relative value
Abans Global Arbitrage Fund
Abans Investment Managers
UCITS
Nippon Growth Fund
E.I. Sturdza Strategic Management
Management firm of the year
Regal Funds Management
New fund of the year
ActusRayPartners Asian Alpha Strategy
ActusRayPartners
Fund of the year
Japan-Up Unit Trust
Strategic Capital
Billion dollar fund of the year
Quantedge Global Fund
Quantedge

HFM APAC Performance Awards 2023 winners


Arbitrage (arbitrage & relative value)
New Frontier GO Fund SPC - New Frontier Absolute Return Fund
Water Wood Capital Management
Arbitrage (quant & market neutral)
Mozi Fund SPC - Mozi Currency Fund
Water Wood Capital Management
Asia ex Japan
FengHe Fund Management
Asia inc Japan
Aurigin Fund
Aurigin Capital Management
Australian equity
Salt Long Short Fund
Salt Funds Management
Chinese equity
OP New Economy Growth Fund
Oscar and Partners Capital Limited
Credit & specialist finance
Merricks Capital Agriculture Credit Fund
Merricks Capital
Digital assets
Elite SPC - Fore Elite Flagship Fund
Fore Elite Capital Management
Emerging manager & smaller fund - equity strategies
LIM Japan Event Fund
LIM Advisors
Emerging manager & smaller fund - macro, fixed income & relative value
Ten Fund
Ten Asset Management
Event driven & distressed
Unifi Alternative Investment Fund
Unifi Capital
Fixed income
Aura High Yield SME Fund
Aura Funds Management
Fund of hedge funds
ATAF Sub Fund
Nanjia Capital
Global equity (above $500 million)
UG Hidden Dragon Special Opportunity Fund
UG Investment Advisers
Global equity (below $500 million)
PM Capital Global Companies Fund
PM Capital
Indian equity
Alpha Alternatives Equity Absolute Return Strategy
Alpha Alternatives Fund Advisors
Japanese equity
Japan-Up Unit Trust
Strategic Capital
Macro
Arminius Capital ALPS Fund
Arminius Capital Advisory
Managed futures, commodities and FX
Alpha Meow Fortune Grace Fund
Meow Capital
Multi strategy
Theoria Multi-Strategy Fund
Theoria Capital Management
UCITS
Kotak Funds: India Midcap Fund
FundRock Management Company
New fund of the year
Epimelis China Absolute Return Master Fund
Epimelis Capital
Management firm of the year
Simplex Asset Management
Fund of the year
Arminius Capital ALPS Fund
Arminius Capital Advisory
Billion dollar fund of the year
Ariose China Growth Fund
Ariose Capital Management
Long term - 3 years
Atyant Capital India Fund
Atyant Capital Management
Long term - 5 years
L1 Capital Global Opportunities Fund
L1 Capital
Long term - 10 years
UG Hidden Dragon Special Opportunity Fund
UG Investment Advisers

HFM APAC Performance Awards 2022 winners


Management firm of the year
UG Investment Advisers
Fund of the year
Ariose China Growth Fund
Ariose Capital Management
Billion dollar fund of the year
UG Greater China Multi-Strategy Fund
UG Investment Advisers
New fund of the year
Dilead Supreme No.1 Hedge Fund
Shanghai Dilead Asset
Arbitrage (arbitrage & relative value)
New Frontier GO Fund SPC - New Frontier Absolute Return Fund SP
Water Wood Group
Arbitrage (quant & market neutral)
Regal Tasman Market Neutral
Regal Funds Management
Asia ex Japan
GAO Black Lotus VCC - ASV Fund
GAO Capital
Asia inc Japan
Panah Fund
AIMS Asset Management
Australian equity
CC Sage Capital Absolute Return Fund
Sage Capital
Chinese equity
Ariose China Growth Fund
Ariose Capital Management
Digital assets
Pythagoras Investment Management LLC - US Fund
Pythagoras Investment Management
Emerging manager / smaller fund - equity
The Atlantic Pacific Australian Equity Fund
APSEC Funds Management
Emerging manager / smaller fund - non-equity
Ascent Global Futures
Pilgrim Partners Asia
Event driven
Simplex Value Up Strategy
Simplex Asset Management
Fixed income, high yield & distressed
Aura High Yield SME Fund
Aura Funds Management
Fund of hedge funds
ATAF Sub Fund
Nanija Capital
Global equity
Regal Tactical Opportunities Fund
Regal Funds Management
Indian equity
Avendus Absolute Return Fund
Avendus Capital Public Markets Alternate Strategies
Japanese equity
Nomura Japanese Equity Market Neutral - Dual Alpha Strategy
Nomura Asset Management
Long term performance - 10 years
WIM Global Fund
Value Star Asset Management
Long term performance - 5 years
L1 Capital Global Opportunities Fund
L1 Capital
Long term performance - 3 years
WIM Global Fund
Value Star Asset Management
Macro
Bright Stream Macro Fund
Bright Stream Capital Management
Managed futures, commodities and FX
GCI Systematic Macro Strategy
GCI Asset Management
Multi strategy
L1 Capital Global Opportunities Fund
L1 Capital
Single country
Brooker Sukhothai Fund
Swiss-Asia Financial Services
Specialist finance & credit
VTeam Siegfried Supply Chain Finance Fund
Siegfried Asset Management
UCITS - equity
Fourton Komodo Indonesia
Fourton Oy
UCITS - non equity
Schroder ISF Asian Bond Total Return
Schroders Investment Management

HFM APAC Performance Awards 2021 winners


Arbitrage (Relative Value / Quant & Market Neutral)
Regal Investment Trust
Regal Funds Management
Asia ex Japan – Over US$500M
PYN Elite
PYN Fund Management Ltd
Asia Ex Japan – Under US$500M
Asian Equity Special Opportunities Portfolio
RAYS Capital Partners Limited
Asia inc Japan
Anatole Partners Enhanced Master Fund
Anatole Investment Management Limited
Australian Equity
Sandon Capital Master Fund
Sandon Capital
Chinese Equity – Over US$250M
GH China Century Fund
LyGH Capital Pte Ltd
Chinese Equity - Under US$250M
SVI Value Multiplier Fund
Strategic Vision Investment
Emerging Manager / Smaller Fund (US10M – US$50M)
Tantallon Tech & Sustainability Fund
Tantallon Capital Limited
Event Driven
Athos Asia Event Driven Fund
Athos Capital Limited
Fixed Income, High Yield & Distressed
Everbright Dynamic Bond Fund
China Everbright Asset Management Ltd
Fund of Hedge Funds
Gopher China Equity Selection Fund
Gopher Asset Management
Global Equity – Over US$250M
Pure Heart Value Investment Fund
Pureheart Capital Asia Limited
Global Equity - Under US$250M
Trafalgar Capital - Trafalgar Trading Fund
Trafalgar Capital Management (HK) Limited
Indian Equity
Hornbill Orchid India Fund
Hornbill Capital Advisors LLP
Japanese Equity
Zyg Fund
Zyg Pte Ltd
Long Term Awards: 3 Years (Over US$250M)
CloudAlpha Tech Fund
CloudAlpha Capital Management Ltd
Long Term Awards: 5 Years (Over US$500M)
Anatole Partners Master Fund
Anatole Investment Management Limited
Macro - Over US$500M
Quantedge Global Fund
Quantedge Capital
Macro – Under US$500M
AVM Global Opportunity Fund
Swiss-Asia Financial Services Pte. Ltd
Managed Futures, Commodities and FX
Systematica China Markets Fund
Systematica Investments Limited
Multi Strategy
Avendus Enhanced Return Fund
Avendus Capital Public Markets Alternate Strategies
New Fund of the Year
Prudence Multi-Strategy SPC - Credit SP
Prudence Asset Management Limited
Single Country
AFC Vietnam Fund
Asia Frontier Capital
Specialist Finance & Credit
TCM Asia Opportunities Master Fund
Tahan Capital Management Pte. Ltd.
UCITS
India Acorn ICAV - Ashoka India Opportunities Fund UCITS
White Oak Capital Partners Pte Ltd
Management Firm of the Year
Platinum Asset Management

HFM APAC Performance Awards

2019 performance winners


Credit
Orchard Global Asset Management
ChapelGate Credit Opportunity Fund
Event driven
Black Crane
Black Crane Asia Opportunities Fund
Event driven - 3 years
Athos Capital
Athos Asia Event Driven Fund
Fixed income
Orchard Global Asset Management
ChapelGate Credit Opportunity Fund
Fund of hedge funds - 3 years
Fullerton Fund Management
Fullerton Absolute Return-Asia Prime
Fund of hedge funds - multi-strategy
Persistent Asset Management
Persistent Edge Asia Partners Master Fund
Fund of hedge funds - specialist
Persistent Asset Management
Persistent Edge Global Healthcare Fund
India fund
Monsoon Capital
Monsoon India Dynamic Alpha Fund
Australia fund
Regal Funds Management
Regal Australian Small Companies Fund
Long/short equity - Asia ex Japan
Ally Bridge Group
Ally Bridge LB Healthcare Fund
Long/short equity - Asia inc Japan
Anatole Investment Management
Anatole Partners Master Fund
Long/short equity - Global
Antipodes Partners
Antipodes Global Fund
Long/short equity Greater China overall
Greenwoods Asset Management
Greenwoods China Healthcare Fund
Long/short equity Greater China under $250m
Golden Pine Capital
Golden Pine Fund
Long/short equity - Japan
ACG Management
Akito Fund
Long/short equity - long-term performance - 3 years
Trafalgar Capital Management
Trafalgar Trading Fund
Macro
Entropy Asset Management
Entropy Global Macro Fund
Managed futures/CTA
GCI Asset Management
GCI Systematic Macro Strategy
Multi-strategy
Gen2 Partners Asset Management
KS Asia Absolute Return Fund IC
Emerging manager
Pilgrim Partners Asia
Ascent Global Futures
Quant
Ortus Capital Management
Ortus Aggressive Fund
Relative value
True Partner Advisor
True Partner Fund
Commodities
RCMA Asset Management
Merchant Commodity Fund

HFM APAC Performance Awards

2019 service winners


Best administrator - under $30bn single manager
Vistra
Best administrator - over $30bn single manager
BNY Mellon
Best administrator – small managers
Vistra
Best administrator - fund of hedge funds
BNP Paribas
Best administrator – overall
BNY Mellon
Best hedge fund platform
Privium Fund Management
Best fund accounting and reporting software
Apex Fund Services
Best technology provider
SS&C GlobeOp
Best portfolio management software
Enfusion
Best advisory firm – regulation and compliance
Complyport
Best offshore law firm
Harneys
Best onshore law firm
Sidley Austin
Best boutique prime broker
Saxo Capital Markets
Best overall prime broker
Morgan Stanley
Best prime broker – capital introduction
Goldman Sachs
Best audit services
EY
Best advisory firm – tax
EY
Best cyber-security service
Eze Castle Integration
Best risk management technology provider
Enfusion