5 September 2011
Bennelong Long Short Equity Management (BLSEM) has received two nominations in this year's prestigious Australian Hedge Fund Industry Awards - for Australian Hedge Fund of the Year and Best Market Neutral Fund. BLSEM's Bennelong Long Short Equity Fund won the Best Market Neutral Fund award in 2008 and was nominated for the same category in 2009 and 2010.
This year's nominations sees BLSEM come up against the Macquarie Funds Group and Regal Funds Management in both award categories. Judging criteria includes a number of performance-related metrics including outperformance compared to peers.
BLSEM is a boutiquemarket neutralmanager which manages funds on behalf of both fund-of-funds and private investors. Employing a qualitative stock selection process to construct a diversified portfolio of paired securities based on relative value, BLESM invests primarily in the S&P/ASX 100. The strategy has over nine years of successful performance history and features nil correlation with the underlying market.
BLSEM was founded as a joint venture between Bennelong Funds Management and Richard Fish in 2001.
The 2011 award winners will be announced at Hedge Funds Rock on Thursday 15th September in Sydney.