At the Investors Choice Awards dinner held in the Dorchester Hotel in London on March 25th, two funds managed by III Offshore Advisors (“III”) were awarded best in class for 2013.
III Fund Ltd. (Series 1) was named the best Fixed Income Arbitrage Fund, and III Credit Opportunities Fund Ltd. (Seed Series), was named the best Long Biased Global Credit Fund.
The awards were judged by a panel of over 15 institutional investors who were asked to consider a number of both qualitative criteria and quantitative measures1.
When told of the award, Cliff Viner, Co-Founder and Co-CIO of III Offshore Advisors, said that he was, “particularly pleased that III received first place in two entirely different sectors of the market, demonstrating our strengths across the fixed income spectrum.” Dr. Lester Coyle, Co-CIO and head of III’s credit business, added: “We are delighted to receive this recognition for our long-only fund – a floating rate strategy that comprises the largest portion of our credit products.”
A registered investment advisor based in Boca Raton, Florida, III Offshore Advisors, along with its affiliate, III Associates, manages over $3 billion of fund capital in fixed income and credit strategies, and has been in business since 1982.
www.iiioffshoreadvisors.com
1 Hedgepo, The Investors Choice Awards sponsor, describes its criteria/process as follows: “Risk cannot simply be defined by realized performance measures such as volatility. Unrealised risk also needs to be taken into account. To overcome this challenge, we collaborate with some of the most established institutional hedge fund investors around the world to incorporate qualitative criteria into the selection process. The scoring methodology incorporates a set of qualitative criteria covering the investment process, risk management framework and depth of research team, as well as a set of quantitative performance measures including annualized returns, volatility and maximum drawdown. The judges review manager profiles on the Hedgepo portal and independently assign a score from 1 to 10 in each of the qualitative assessment areas for each fund. Average scores for the qualitative and quantitative sets of criteria are then calculated and combined in equal measure to reach the total score. This total score determines the winner in each category.”
Original article: http://uk.reuters.com/article/2014/03/28/fl-iii-offshore-advisors-idUKnBw285296a+100+BSW20140328
