Toronto, Ontario--(Newsfile Corp. - October 21, 2020) - AIP Asset Management Inc. ("AIP") is pleased to announce the AIP Convertible Private Debt Fund LP (formally AIP Global Macro Fund LP) ("Fund"), was the recipient of the highest honour in Canada's hedge fund industry for a second year in a row.
Of the 221 Canadian hedge funds that participated in the 2020 Canadian Hedge Fund Awards program, AIP Private Convertible Debt Fund LP, which has a private debt focus, took home five awards, including three 1st place winners:
1st Place the Global Macro/Managed Futures/Multi-Strategy Category
Best 3 Year Return - 1st place AIP Convertible Private Debt Fund LP
Best 5 Year Return - 1st place AIP Convertible Private Debt Fund LP
Best 3 Year Sharpe Ratio - 1st place AIP Convertible Private Debt Fund LP
2nd Place in the Global Macro/Managed Futures/Multi-Strategy Category
Best 1 Year Return - 2nd place AIP Convertible Private Debt Fund LP
Best 5 Year Sharpe Ratio - 2nd place AIP Convertible Private Debt Fund LP
The 2020 Canadian Hedge Fund Awards, the highest honour in Canada's hedge fund industry, were presented yesterday afternoon at its first ever virtual event. The Canadian Hedge Fund Awards help investors identify the most exceptional hedge funds, recognizing winners in 5 categories as well as the Overall Best 2020 Canadian Hedge Fund. A total of 221 Canadian Hedge Funds were included in the 2020 CHFA program. The awards are based solely on quantitative performance data to June 30th, with Fundata Canada managing the collection and tabulation of the data to determine the winners. There is no nomination process or subjective assessment in identifying the winning hedge funds.
Jay Bala, co-founder and President of AIP commented: "We are very honoured to have received the 2020 Canadian Hedge Fund Awards in the Global Macro/Managed Futures/Multi-Strategy category. The awards solidify our position as a leading alternative credit fund manager in Canada. It is reassuring to know that we are recognized for providing value to our clients, be they institutional or retail investors. Not only has our Fund continued to provide returns in this global low-yield environment, but we believe it continues to provide diversification benefits within portfolios as it is structured to have a low-correlation to traditional asset classes. Our Fund has provided an average return of 37.32% per year since its inception in 2013. Even in 2020, where the economy has been impacted by the COVID-19 pandemic, the Fund has generated positive results in each month and YTD is up 9.73%."
Alex Kanayev, co-founder and Chairman of AIP further added: "We founded AIP with a strong belief in its innovative investment approach, product structuring and team building. We continue to be pleased that AIP has won several awards in previous years including winning five awards at Canadian Hedge Fund ("CHF") Performance Awards yesterday. This is an honour for us and confirmation our innovative investment approach works well regardless of the market direction."
AIP won all three awards (best 1, 3, and 5 Year Return) in the Private Debt Category at the 2019 Canadian Hedge Fund Awards, the Best Macro Hedge Fund in Canada Award at the 2017 Hedgeweek Global Awards, and has won other awards and nominations such as the Ernst & Young Entrepreneur of the Year.
For further information, visit https://aipconvertibleprivatedebtfund.com/ or contact:
AIP Asset Management Inc.
Karim Mecklai, Director, Communications and Marketing
About the Annual Canadian Hedge Fund Awards:
The Annual Canadian Hedge Fund Awards were first held in 2008 and have a two-fold objective: First, to celebrate the talent and accomplishments of Canada's hedge fund industry, and second, to draw attention to Canada's hedge funds by raising the awareness of that expertise in the media and among the wider investment community
Disclaimer: Commissions, trailing commissions, management fees, and expenses all may be associated with investments in investment funds. Please read the Offering Memorandum (OM) before investing. The indicated rates of return are the historical annual compounded total returns including changes in share value and reinvestment of all dividends and do not take into account sales, redemption, distribution, or optional charges or income taxes payable by any security holder that would have reduced returns. Investment funds are not guaranteed, their values change frequently, and past performance may not be repeated. For accredited investors only. Relationship Disclosure: Ninepoint Partners LP acts as an exempt market dealer and distributes Class A, Class F, and certain subseries of Class I Units of the AIP Convertible Private Debt Fund LP.
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