On Thursday 18th September, Chris Molloy, CIO, Morrows, won the Best Advisor Supporting Australian (Hedge Fund) Managers, at the Australian Hedge Funds Awards held in Sydney.
This award is recognition of Chris’s diligent, thorough and thought leading work with a variety of sophisticated investment funds and fund managers over an extended amount of time.
The judging panel was made up of a hedge fund specialists dedicated to creating investment options with competitive and consistent risk adjusted returns regardless of the underlying direction of financial markets. Chris travelled to Sydney, to attend the awards ceremony and Morrows sincerely congratulates him on his award as a well-deserved industry based salute to his expertise.
About the Awards:
The Australian Hedge Fund Awards recognise managers who display performance in keeping with the objectives of the hedge fund industry.
This includes consistent, competitive risk-adjusted returns independent of the direction of financial markets. In addition, the Awards favour managers meeting basic operational due diligence requirements including adequately resourced infrastructure, funds under management and available products in the Australian market.
Initial manager rankings are determined by a quantitative ranking of performance data derived from a comprehensive database of managers. Quantitative criteria include Sortino ratio and maximum drawdown factors. These initial rankings are then screened for qualitative operational criteria. Managers who do not meet the operational standards are excluded, notwithstanding their quantitative ranking. The final rankings therefore include only those firms which meet both the quantitative and qualitative criteria.
Judging panel:
- Simon Ibbetson (Chair), 358Australia Pty Ltd
- Mathew Jeremy, Caravel Consulting
- Kim Ivey, Vertex Capital
- Angela Ashton, Consultant
- Daniel Liptak, ZG Advisors