NEW YORK – Värde Partners, the $12 billion global investment firm, was named Hybrid Hedge Fund Manager of the Year by Institutional Investor. Värde was selected from a field of five firms. The award is based on a number of criteria including risk management, investment discipline and selection, portfolio management, performance track record, stability of investment team, investor relations and back-office infrastructure. Award winners are determined through a combination of analysis by the editorial staff and a formal poll of investors.
“This award is a great reflection on the hard and diligent work of many employees across the firm. Our teams strive to provide quality service and great performance. We are proud of the work we do on behalf of our investors and it is gratifying to know that it is recognized,” said George Hicks, Founder, CEO and Co-CIO of the firm.
“We are thrilled with this honor from Institutional Investor,” said Jon Fox, Partner and Global Head of Business Development and Investor Relations, who accepted the award on behalf of the firm. “It is extremely satisfying to know that so many allocators voted to recognize Värde,” he continued.
Värde notes that the award referenced do not reflect the experiences of any Värde client and readers should not view such information as representative of any particular client’s experience or assume that they will have a similar investment experience as any previous or existing client. The award is not indicative of the past or future performance of any Värde product or service.
About Värde Partners
Värde Partners is a $12 billion global alternative investment firm that employs a credit-oriented, value-based approach to investing across a broad array of geographies, segments and asset types, including real estate, corporate credit, mortgages, specialty finance, transportation and infrastructure. The firm sponsors and manages a family of private investment funds with a global investor base that includes foundations and endowments, pension plans, insurance companies, other institutional investors and private clients. Now in its third decade, Värde employs 250 people with main offices in Minneapolis, London and Singapore and additional offices around the world including New York.
About the Awards
Institutional Investor magazine’s Annual Hedge Fund Industry Awards recognizes the hedge funds, funds of hedge funds, investment consultants, endowments, foundations, family offices, corporate funds, public funds, sovereign funds and rising stars that stood out for their performance innovation, achievements and contributions to the industry in the past year.
Following a public call for nominations, the editorial staff of Institutional Investor magazine selects award nominees based on how strongly candidates – both those put forward via the call for nominations and those independently identified by the editorial staff – meet the criteria for their respective categories. Once the nominees are publicly announced, the magazine group then conducts a wide survey of U.S. institutional investors and invites them to vote for the manager nominees. Hedge fund managers are invited to vote for the investor nominees.
Institutional Investor‘s editorial staff analyzes the results of the voting to determine the winners.
The Hybrid Hedge Fund award recognized firms whose strategy relies primarily on a hedge fund/private equity hybrid investing model. Funds in this category likely will have longer lockups with a focus on illiquid assets and a blend of private equity and hedge fund investment fees. Fund strategies that qualify in this category include but are not limited to distressed debt and asset-based lending. Although strong consideration will be given to 2016 investment returns, performance is not the sole determinant for selection. Other criteria include risk management, investment discipline and selection, portfolio management, performance track record, stability of investment team, investor relations and back-office infrastructure. Source: http://www.hedgefundindustryawards.com/methodology.php.
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