NewAlpha Asset Management is delighted to announce that two of its recently seeded managers have been distinguished among the Best Emerging Managers at the 14th Annual European Single Manager Awards organized by Hedge Funds Review in London on 22 May 2014.
LindenGrove Capital won the ‘Best Fixed Income/Credit Emerging Manager’ Award for its LindenGrove Capital Master Fund, on the basis of its 2013 performance. Founded in London in 2012 by Borut Miklavcic, LindenGrove implements a multi-strategy, multi-manager approach in global fixed income and credit markets. The fund has now more than $220 million in asset under management.
In addition, LindenGrove has also been awarded ‘Best New Hedge Fund’ by the judging panel comprised of highly respected alternative investment industry professionals, including pension fund, consultancies and funds of hedge funds managers.
NewAlpha has been a strategic investor of the LindenGrove Capital Master Fund since launch in December 2012.
The other manager, Tendance Finance, received the ‘Best Managed Futures/CTA Emerging Manager’ award for the 2013 performance of its Next AM - Tendance Finance Fund. Based in Paris, Tendance Finance is a CTA manager that differentiates from its peers by an innovative systematic trend-following approach executed on a wide range of fixed income, equity, currency and commodity markets. Despite a difficult asset raising environment, the manager increased significantly its assets under management since the end of 2013.
These awards give us the opportunity to thank our partnering managers for the excellence they demonstrate in managing their portfolios and our investors for their commitment to the investment approach developed by NewAlpha to select the best emerging talents of the hedge fund industry.
Out of the 30 managers seeded by NewAlpha since entering the seeding business in 2003, 14 have been awarded in their category, sometimes during several consecutive years.