RMF wins prestigious InvestHedge Awards
(15 March 2009) RMF was honoured to be an award winner at the 2008 InvestHedge Awards held last night in New York. The InvestHedge Awards, now in its seventh year, is one of the most prestigious events for the global fund of hedge funds industry. RMF was recognised for delivering the best risk adjusted performance over the three years ending 31 December 2008 in the following category:
European Strategies: RMF Long Short Equity Europe
RMF Long Short Equity Europe returned a total of just over 20% in the three years ending 31 December 2008, equating to an annualised return of around 6.4%. In comparison, the benchmark index (HFRX Equity Hedged Index) was down 15.9%, world stocks fell 28.4% and world bonds returned 19.1% over the same period of time.
This is the second consecutive InvestHedge Award for RMF Long Short Equity Europe. The fund was named Best European Equity Fund for its one year risk-adjusted performance in 2007.
The InvestHedge Awards are open to fund of hedge funds from around the world. Nominations are not judged by committee, but by an established methodology based on performance and Sharpe ratios.
Herbert Item, the Chief Execute of RMF said “We are delighted that RMF has been recognised for delivering strong risk-adjusted performance. The award reflects that RMF Long Short Equity Europe has been able to create value over the last three years despite the challenging markets in 2008.”
Important Note: World stocks: MSCI World Index hedge to USD (price return). World bonds: Citigroup World Government Bond Index hedged to USD (Total Return).These indices are not benchmarks as they a re not representative of the funds investment strategy. They should therefore not be seen as comparisons of asset classes. There is no guarantee of trading performance and past performance is not a reliable indicator of future performance.About RMF
RMF Investment Management in is an innovative alternative investment manager that offers funds of hedge funds, convertible bonds and individually tailored investment portfolios, predominantly to institutional investors. RMF was established in 1992 and now manages over USD 19.3 billion of assets . RMF is headquartered in Switzerland.
About Man
Man is a world-leading alternative investment management business. With a broad range of funds for institutional and private investors globally, it is known for its performance, innovative product design and investor service. Man manages approximately USD 53 billion1 and employs around 1,800 people in 14 countries worldwide.
The original business was founded in 1783. Today, the parent company Man Group plc is listed on the London Stock Exchange and is a member of the FTSE 100 Index with a market capitalisation of over USD 5 billion1.
Man Group is a member of the Dow Jones Sustainability World Index and the FTSE4Good Index. Man also supports many awards, charities and initiatives around the world, including sponsorship of the Man Booker literary prizes. Further information can be found at www.mangroupplc.com.
