Key Takeaways
- • Twin Securities, L.P., the flagship fund of New York-based Twin Capital Management LLC, was named "Best Merger Arbitrage Fund" at the 2022 HFM U.S. Hedge Fund Performance Awards, the firm's fifth win in that category.
- • The award marks the sixth time in the last eleven years that Twin Capital has been recognized by HFM overall, according to the firm's press release.
- • Founder David Simon attributed the recognition to the firm's in-depth analysis of investment opportunities and its ability to find trades in complex situations, which he said have produced consistent, uncorrelated returns.
- • HFM's judging panel of senior industry representatives weighed quantitative measures such as annual performance alongside volatility, risk management and track record.
Summary
Twin Capital Management LLC, a New York-based alternative investment firm, announced that its fund Twin Securities, L.P. won the "Best Merger Arbitrage Fund" award at the 2022 HFM U.S. Hedge Fund Performance Awards. According to the firm's Business Wire press release, this is the fifth time Twin Capital has won the category and the sixth time in eleven years the firm has been recognized by HFM overall.
Winners were announced at the 2022 gala dinner and awards ceremony at Capitale in New York City. According to HFM, the awards recognize hedge funds and funds of hedge funds that stood out over the past 12 months, rewarding those that outperformed peers and demonstrated growth through the volatility of the past year. Winners were named across a wide range of strategies.
HFM's judging panel, composed of senior industry representatives, considered a combination of quantitative and qualitative information. Annual performance figures were weighed alongside volatility, risk management and track record. The press release did not disclose Twin Securities' performance figures, assets under management or fund size.
David Simon, founder of Twin Capital, credited the award to the team's analysis and its ability to identify trades in complex situations, which he said have helped generate consistent and uncorrelated returns. Twin Capital, founded by Simon in 1988, describes its strategy as equity-based and event-driven, aiming to produce superior, risk-adjusted and uncorrelated returns.
Winners were announced at the 2022 gala dinner and awards ceremony at Capitale in New York City. According to HFM, the awards recognize hedge funds and funds of hedge funds that stood out over the past 12 months, rewarding those that outperformed peers and demonstrated growth through the volatility of the past year. Winners were named across a wide range of strategies.
HFM's judging panel, composed of senior industry representatives, considered a combination of quantitative and qualitative information. Annual performance figures were weighed alongside volatility, risk management and track record. The press release did not disclose Twin Securities' performance figures, assets under management or fund size.
David Simon, founder of Twin Capital, credited the award to the team's analysis and its ability to identify trades in complex situations, which he said have helped generate consistent and uncorrelated returns. Twin Capital, founded by Simon in 1988, describes its strategy as equity-based and event-driven, aiming to produce superior, risk-adjusted and uncorrelated returns.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.