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
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
dlighted to receive this recognition for our long-only fund - a
floating rate strategy that comprises the largest portion of our credit
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.
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."
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