Hedge Funds Review has announced the shortlist for the 11th annual European Performance Awards 2011 recognising single manager hedge funds.

European Performance Awards 2011 photo gallery (PDF)

Video: winners talk about strategies and markets

One year performance awards

Best long/short equity
Winner
BTR Strategic Growth Fund (Salida Capital) [Name of fund changes to Strategic Growth Fund on June 1]

Shortlist
1798 Lombard Fundamental (Lombard Odier Asset Management)
CS Small Cap Alpha Opportunities Fund (Credit Suisse Asset Management)
Henderson European Absolute Return Fund (Henderson Alternative Investment Advisors)
Ratio European Fund (Ratio Asset Management)

Best event driven hedge fund
Winner
Cheyne European Event Driven Fund (Cheyne Capital Management)

Shortlist
Dexia Long Short Risk Arbitrage (Dexia)
Vallea Fund (Belle-Vue Conseils)

Best global macro hedge fund
Winner
BlueBay Macro Fund (BlueBay Asset Management)

Shortlist
Fixed Income Macro Fund (Aviva Investors)
GAM Global Rates Hedge Fund (GAM International Management)
GLG Atlas Macro Fund (GLG Partners)
IPM Global TAA Fund (IPM Informed Portfolio Management)

Best fixed income hedge fund
Winner
Brummer & Partners - Nektar (Nektar Asset Management)

Shortlist
CQS ABS Fund (CQS)
GS Global Opportunities Fund (Goldman Sachs Asset Management)

Best credit/distressed hedge fund
Winner
Numen Credit Opportunities Fund (Numen Capital)

Shortlist
CQS Credit Long/Short Fund (CQS)
GLG Euro Distressed Fund (GLG Partners)

Best equity market neutral hedge fund
Winner
Sabre Style Arbitrage Fund (Sabre Fund Management)

Shortlist
Equity Style Arbitrage (Amundi)
Ratio European Fund (Ratio Asset Management)

Best convertible arbitrage/volatility hedge fund
Winner
GLG Market Neutral Fund (GLG Partners)

Shortlist
CQS Convertible and Quantitative Fund (CQS)
GAM Convertible Bond Hedge Fund (GAM International Management)

Best managed futures hedge fund
Winner
Ikos Futures Fund (Ikos Asset Management)

Shortlist
Aspect Diversified Fund (Aspect Capital)
Lynx Fund (Lynx Asset Management (Brummer & Partners))
ISAM Systematic (International Standard Asset Management (ISAM))
Lyxor Epsilon Managed Futures Fund (Lyxor Asset Management)
Winton Futures Fund (Winton Capital Management)

Best energy or commodities hedge fund
Winner
Krom River Commodity Fund (Krom River Investment Management (Cayman))

Best foreign exchange hedge fund
Winner
Ikos FX Fund (Ikos Asset Management)

Shortlist
Capricorn FXG10 (Capricorn Asset Management (Schweiz))
The Cambridge Strategy Emerging Markets Alpha Programme (The Cambridge Strategy)

Best global emerging markets focused hedge fund
Winner
Matterhorn Breithorn Fund (Matterhorn Investment Management)

Best multi-strategy hedge fund
Winner
CQS Directional Opportunities Fund (CQS)

Shortlist
1798 Fundamental Strategies Fund (Lombard Odier Investment Managers)
Vallea Fund (Belle-Vue Conseils)
Winton Evolution Fund (Winton Capital Management)

Best sub-$100 million hedge fund
Winner
Castellain Cavendish (Castellain Capital)

Shortlist
AA Equity (Active Alpha)
GAM Star Emerging Market Rates Hedge Fund (GAM International Management)
GLG Global Mining Fund (GLG Partners)
Henderson UK Equity Long Short Fund (Henderson Alternative Investment Advisors)
SW Mitchell Small Cap European Fund (SW Mitchell Capital)

Hedge fund of the year
Winner
GLG Market Neutral (GLG Partners)

Shortlist
BTR Strategic Growth Fund (Salida Capital) [Name of fund changes to Strategic Growth Fund on June 1]
Cheyne European Event Driven (Cheyne Capital)
Henderson European Absolute Return Fund (Henderson Alternative Investment Advisors)
Ikos Futures Fund (Ikos Asset Management)
Man AHL Currency (Man Investments)
Brummer & Partners - Nektar (Nektar Asset Management)
Sabre Style Arbitrage (Sabre Fund Management)

Long-term performance awards

Best directional hedge fund over three years
Winner
CQS Directional Opportunities Fund (CQS)

Shortlist
Brummer & Partners -Futuris (Futuris Asset Management)
CS Small Cap Alpha Opportunities Fund (Credit Suisse Asset Management)
Lyxor Epsilon Managed Futures Fund (Lyxor Asset Management)

Best non-directional hedge fund over three years
Winner
CQS ABS Fund (CQS)

Shortlist
1798 Fundamental Strategies Fund (Lombard Odier Investment Managers)
G7 Fixed Income Fund (Aviva Investors)
GLG Alpha Select Fund (GLG Partners)
IPM Global TAA Fund (IPM Informed Portfolio)
Brummer & Partners -Nektar (Nektar Asset Management)

Best directional hedge fund over 10 years
Winner
Brummer & Partners - Futuris (Futuris Asset Management)

Shortlist
AHL Alpha (Man Investments)
GLG European Long Short Fund (GLG Partners)
Global Diversified Programme (Quality Capital Management)
Lyxor Epsilon Managed Futures Fund (Lyxor Asset Management)
Winton Futures Fund (Winton Capital Management)

Best non-directional hedge fund over 10 years
Winner
Brummer & Partners - Nektar (Nektar Asset Management)

Ucits performance awards

Best Ucits product
Winner
Equity Style Arbitrage (Amundi)

Shortlist
AC Risk Parity 12 Fund (Alceda Fund Managmeent (a member of Aquila Capital Group))
GAM Star Global Rates (GAM International Management)
Man AHL Trend EUR I (Man Investments)
Melchior Selected Trust: European Absolute Return Fund (Dalton Strategic Partnership)
MLIS Marshall Wace Tops Ucits Fund (Marshall Wace)
MLIS York Event Driven Ucits Fund (York Ucits Holdings)

Best sub-$100 million Ucits product
Winner
FCM European Opportunities Fund (Fleming Family and Partners Capital Management)

Shortlist
Aviva Investors Index Opportunities Fund (Aviva Investors)
Cheyne Convertibles Absolute Return Fund (Cheyne Capital Management)
GLG Emerging Markets Credit Opportunity Ucits Fund (GLG Partners)
Merrion European Absolute Return Fund (Merrion Investment Managers/Midmar Capital)

Qualitative awards

Best new hedge fund
Winner
CQS Distressed Value Opportunities Fund (CQS)

Shortlist
Callanish Global Macro Fund (Callanish Capital Partners)
GAM Star Emerging Market Rates (GAM International Management)
Marlon Fund (LD Capital)
Melchior Selected Trust: European Absolute Return Fund (Dalton Strategic Partnership)

Best investor relations team
Winner
Matterhorn Investment Management

Highly commended
Martin Currie Investment Management

Best overall group
Winner
CQS

Outstanding contribution to the industry awarded to an institutional investor
Winner
Kathryn Graham, director, BT Pension Scheme Management

Outstanding contribution to the industry awarded to a fund manager
Winner
Paul Ruddock, co-founder and chief executive officer of Lansdowne Partners