Ray Dalio’s Bridgewater Associates earned the title of institutional hedge fund of the year at Institutional Investor’s Hedge Fund Industry Awards Thursday evening.
The $160 billion investment firm beat a pool of finalists including Citadel, Millennium Management, Renaissance Technologies, Tiger Global Management, and Two Sigma for the honor, which was announced at an awards dinner at the Mandarin Oriental in New York.
Other hedge fund winners included emerging hedge fund manager of the year Darsana Capital Partners and multistrategy hedge fund manager of the year D.E. Shaw & Co. Elliot Capital Management was named the top event-driven manager, while Bridgewater took home an additional award in the macro hedge fund manager category.
[II Deep Dive: Here Are the Manager Finalists for the 2019 Hedge Fund Awards]
II also recognized investment consultants and hedge fund investors such as pensions and endowments in a series of allocator awards. Texan allocators were well-represented, with accolades going to the University of Texas Investment Management Co., the Teacher Retirement System of Texas, and the Texas Permanent School Fund.
Lifetime Achievement awards were presented to Collette Chilton, the CIO of Williams College, and John Overdeck and David Siegel, co-chairmen of Two Sigma. Two Sigma also picked up a second award as quantitative hedge fund manager of the year.
The full list of winners are listed below. See the 2019 rising stars and all of this year’s finalists on II’s Hedge Fund Industry Awards website.
Corporate Plan of the Year: United Parcel Service
Endowment of the Year: University of Texas Investment Management Co.
Family Office of the Year: Merrimac Corp.
Foundation of the Year: St. Jude Children’s Research Hospital
Health Care System of the Year: Memorial Sloan Kettering Cancer Center
Hedge Fund Consultant of the Year: Cambridge Associates
Outsourced Investor of the Year: Cambridge Associates
Large Public Plan of the Year: Teacher Retirement System of Texas
Small Public Plan of the Year: San Francisco Employees’ Retirement System
Sovereign Wealth Fund of the Year: Texas Permanent School Fund
Institutional Hedge Fund Manager of the Year: Bridgewater Associates
Activist Hedge Fund Manager of the Year: TCI Fund Management
Credit-Focused Hedge Fund Manager of the Year: Mudrick Capital Management
Emerging Hedge Fund Manager of the Year: Darsana Capital Partners
Equity-Focused Hedge Fund Manager of the Year: Tiger Global Management
Event-Driven Hedge Fund Manager of the Year: Elliot Management Corp.
Liquid Alternatives Fund of the Year: BlackRock Tactical Opportunities Fund
Macro Hedge Fund Manager of the Year: Bridgewater Associates
Multistrategy Hedge Fund Manager of the Year: D.E. Shaw & Co.
Quantitative Hedge Fund Manager of the Year: Two Sigma Investments
