On the last Wednesday night in June, at Cipriani 42nd Street Alternative Investment News’ held its 6th Annual Hedge Fund Industry Awards. The black-tie dinner and ceremony recognized hedge funds, fund of funds, consultants, endowments, foundations and corporate and public funds that stood out for excellence in alternatives investing during the year.
Nearly 500 leaders and luminaries from the industry attended. Michael Steinhardt, a pioneer in the hedge fund world, and Phil Goldstein, Founder of Bulldog Investments were in attendance to accept their respective awards for Lifetime Achievement and Outstanding Contribution to the Industry.
Winners were awarded in nine other categories, and included Paulson & Co. for Hedge Fund Leader. (Mr. Paulson, incidentally, is the new owner of the $41 million Southampton estate, Old Trees, shown on yesterday’s Diary).
Also recognized and awarded were the 2008 Rising Stars of Hedge Funds, 20 up-and-coming, talented young professionals poised to be future leaders of the industry.
This year’s award winners were as follows:
Hedge Fund Leader of the Year: Paulson & Co.
Fund of Hedge Funds Leader of the Year: Harcourt Investment Consulting
Emerging Manager of the Year: Algebris Investments
Hedge Fund Launch of the Year: AdultVest
Institutional Manager of the Year: The Blackstone Group
Public Fund Investor of the Year: Teacher Retirement System of Texas
Corporate Pension Fund of the Year: Railway Pension Trustee Company
Nonprofit Investor of the Year: Texas Christian University
Hedge Fund Consultant of the Year: Jason Dubrovay, NEPC |