LGIM Global Macro Fund wins Best Newcomer award

The LGIM Global Macro Fund has been successful in winning the coveted ‘Best Newcomer' title at the Hedge Funds Review 9th European Performance Awards held on the 6th May 2009.The Fund was short listed against two other funds. From launch at the start of February 2008 to the end of December 2008, the Fund returned +20.3%.

Commenting on this success, David North, who is the lead Fund Manager, said, "I am immensely pleased that the Fund has been given this award in a year which has seen the hedge fund market turned on its head through negative performance returns, mass redemptions and unprecedented market events. Achieving a return of over 20% and beating many other more established macro funds, is testimony to the skill and experience of the managers and research team."

Philippe Broadhead, Senior Manager Hedge Fund Sales, added, "This award brings validation to our strong global macro capability which takes advantage of the powerful asset allocation franchise we have established in the UK over many years. We are looking forward to extending our macro offering to the wider investor market."

Managers were ranked on their returns, Sharpe Ratio and returns over drawdowns with the top products on their aggregate ranking for these measures making the long list. Further statistics on volatility, maximum drawdown and downside volatility were also considered.