28 Oct 2009
Thomson Reuters Announces Hedge Fund Award Winners for Europe, North America & Offshore
Lipper Leaders Fund Ratings Extended to Hedge Funds
New York, NY -- Thomson Reuters yesterday published the winners of the 2009 Lipper Hedge Fund Awards. This is an annual awards program recognizing the hedge funds and funds of hedge funds that have returned exceptional and consistent performances relative to their peers.
The 2009 Lipper Hedge Fund Awards measure fund performance based on the Lipper Leader rating for Consistent Return, which has now been extended to cover hedge funds as well as mutual funds. The winning funds have the highest Consistent Return value over three years when compared to a group of similar hedge funds. Eligibility is limited to hedge funds and funds of hedge funds in the Lipper TASS Hedge Funds Database that had at least 36 consecutive months of performance history as of the end of June 2009. The Lipper Leaders for Consistent Return rating will be available as an add-on for Lipper TASS subscribers. The feed will contain monthly rating information as well as historical risk and return data.
Dr. Gabriel Burstein, Lipper’s Global Head of Research said: “Lipper's new objective hedge fund rating helps investors gain objective insight into hedge fund performance and gives fund managers a valuable marketing tool to promote their success. The Lipper Leader for Consistent Return fund rating not only measures performance but also consistency. Lipper has been rating mutual funds for close to a decade and today we are officially expanding our Lipper awards to hedge funds.”
The top hedge funds and funds of hedge funds in the European, North American, and Offshore fund domiciles were announced on October 27 online in partnership with HedgeWorld (www.hedgeworld.com). View the news release with tables.
The complete list of winners is available on the Thomson Reuters Awards for Excellence website at: http://excellence.thomsonreuters.com/hedgefundawards.
About the Thomson Reuters Awards for Excellence
The Lipper Hedge Fund Awards are part of the Thomson Reuters Awards for Excellence, a global family of awards that celebrate exceptional performance throughout the professional investment community. The Thomson Reuters Awards for Excellence include the Lipper Hedge Fund Awards, the Lipper Fund Awards, the Extel Survey Awards, the StarMine Analyst Awards, and the StarMine Broker Rankings. For more information, contact markets.awards@thomsonreuters.com or visit http://excellence.thomsonreuters.com.
About Lipper
Lipper, a Thomson Reuters company, provides independent insight on global collective investments including mutual funds, retirement funds, hedge funds, fund fees and expenses to the asset management and media communities. Lipper is the world's leading fund research and analysis organization, covering nearly 200,000 share classes and over 110,450 funds in 59 registered for sale (RFS) universes. In addition, Lipper provides the free Lipper Leader ratings for mutual funds registered for sale in over 30 countries and regions. Additional information is available at www.lipperweb.com.
About Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people and operates in over 100 countries. Thomson Reuters shares are listed on the Toronto Stock Exchange and New York Stock Exchange. For more information, go to www.thomsonreuters.com.
Information provided by Lipper has been obtained from or is based upon sources believed to be reliable but is not warranted to be accurate or complete. Lipper makes no representation or warranty, express or implied, to investors or any member of the public regarding the advisability of investing in securities generally or in any product or mutual fund particularly. Past performance is not necessarily a guide to future performance and investors should remember that past performance is not a guarantee of future results.
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