After a complicated year for hedge fund strategies, one firm ranked above the rest for institutional investors.
Allocators named Citadel the Institutional Hedge Fund Manager of the Year on the heels of the firm’s biggest gain in over a decade. Citadel also earned the title of Multistrategy Hedge Fund Manager of the Year at the Hedge Fund Industry Awards.
Institutional Investor held the 20th Annual Hedge Fund Industry Awards on Thursday at the Mandarin Oriental in New York City. Finalists across 18 categories, including allocators, consultants, and other hedge fund managers, received awards over the course of the evening.
In addition to announcing those winners, Institutional Investor honored three investors for their successful careers and contributions to the industry. King Street’s Brian Higgins and O. Francis Biondi Jr. were presented with the Manager Lifetime Achievement Award, while Eli Lilly’s Susan Ridlen received the Allocator Lifetime Achievement Award.
She was not the only allocator to take home an award. Utah Retirement Systems was named Public Plan of the Year, while Eastman Kodak Co. was named Corporate/Insurance Plan of the Year. Meanwhile, Texas Tech University received the title of Endowment of the Year.
In the Foundation of the Year category, Carnegie Corp. of New York clinched the top spot. Waycrosse was named the Family Office of the Year, while the Health Care System of the Year title went to Memorial Sloan Kettering Cancer Center.
Aksia was crowned Hedge Fund Consultant of the Year, while UBS Asset Management’s UBS Hedge Fund Solutions unit was voted Outsourced Investor of the Year.
On the manager side, Saba Capital Management joined Citadel in taking home two prizes. Boaz Weinstein’s firm was named both Credit-Focused Hedge Fund Manager of the Year and Activist Hedge Fund Manager of the Year.
Coast Capital Management won Emerging Hedge Fund Manager of the Year, while Greenlight Capital was named Equity-Focused Hedge Fund Manager of the Year.
The D. E. Shaw Group was named Macro Hedge Fund Manager of the Year, and AQR Capital Management was awarded Quantitative Hedge Fund Manager of the Year.
The Most Innovative Hedge Fund Manager of the Year was Two Sigma Investments.
Institutional Investor also honored ten Rising Stars at the dinner. They include Ben Abrams (Holocene Advisors), Jonathan Carter (Blackbarn Capital), Diana Dieckman (SurgoCap Partners), Adam Goldstein (Harvard Management Co.), Peter Gylfe (Millennium Management), Adam Katz (Irenic Capital Management), Michelle Ross (StemPoint Capital), Tarik Serri (Trans-Canada Capital), Andrew Silverman (Schonfeld Strategic Advisors), and Gor Ter-Grigoryan (Sellaronda Global Management).