Eurekahedge and Hedge Funds World are proud to bring you:

The 5th Annual Asian Masters of Hedge Awards
30 May 2008, Ritz-Carlton Millenia, Singapore

The alternative investment industry’s yearly recognition of Asian hedge funds is here again! A renowned event to reward and recognise the best performing funds for their outstanding performances, this is also a great occasion to let your hair down and party together with your industry peers, accompanied with plenty of quality food and drinks.

Over 450 industry players joined us last year providing extremely positive feedback. This is a night of glamour and glitz that you must not miss.

We are pleased to have HSBC Securities Services sponsoring the gala dinner. The categories which have been sponsored and are up for sponsorships are shown below.

If you are interested to get involved or to find out more information, you may email awards@eurekahedge.com or call +65 6212 0925.

The nominees are as follows:

Regional Awards

Best Asian Hedge Fund
(includes all funds considered for each of the award categories, as well as funds with a pan-Asian mandate)

Sponsored by

• 777 Fund
• AlphaGen Tenro Fund
• Artradis AB2 Fund
• Dragonback Asia Pacific Equity Multi-Strategy Fund
• Eastern Advisors Fund
• Helios Strategic
• SMC China Opportunity Fund
• SR Global Fund Asia
• UG Hidden Dragon Balance Fund

Best Asia ex-Japan Hedge Fund
(includes single country-focused funds investing in India, Greater China, Korea and Taiwan, as well as funds with a broad Asia ex-Japan mandate)

Sponsored by

• Acru China + Absolute Return Fund
• Dragon Billion China Fund
• Dragonback Asia Pacific Equity Multi-Strategy Fund
• Everest Capital China Opportunity
• Helios Strategic
• Nezu Asia Mid-Cap Fund
• Novatera Capital Hidden Jewels Fund
• Value Partners China Hedge Fund

Best Asia including Japan Hedge Fund
(includes all funds considered for each of the award categories, as well as funds with a broad Asia including Japan mandate but not funds with a Japan-only mandate)

Sponsored by

• Artradis AB2 Fund
• Artradis Barracuda Fund
• Boyer Allan Pacific Fund
• CAI Global Fund
• Dragonback Asia Pacific Equity Multi-Strategy Fund
• Eastern Advisors Fund
• Helios Strategic
• SR Global Fund Asia

Best Australia Hedge Fund
(includes all funds allocating to Australia)

Sponsored by
Click here to sponsor this award

• EBC Absolute Equities Fund
• MIR Absolute Return Fund
• MQ Special Events Fund
• Platypus Australian Equity Fund
• Platypus Australian Long/Short Fund
• Regal Amazon Market Neutral Fund
• WaterStone Capital Absolute Return Fund

Best China Hedge Fund
(includes all funds allocating to Greater China)

Sponsored by

• Acru China + Absolute Return Fund
• Apex Greater China Directional Fund
• Dragon Billion China Fund
• Marco Polo Pure China Fund
• QBridge China Fund
• SMC China Opportunity Fund
• Telligent Greater China Fund
• UG Hidden Dragon Balance Fund
• Value Partners China Hedge Fund

Best Emerging Market Hedge Fund
(includes all Asia ex-Japan funds, funds with a broad Emerging Markets mandate, as well as funds investing predominantly in Asia)

Sponsored by

• Acru China + Absolute Return Fund
• Dragonback Asia Pacific Equity Multi-Strategy Fund
• Everest Capital China Opportunity
• Helios Strategic
• Komodo Fund
• Novatera Capital Hidden Jewels Fund
• SMC China Opportunity Fund
• Tantallon BRIC Fund
• UG Hidden Dragon Balance Fund
• Value Partners China Hedge Fund
• Venus Arbitrage Fund

Best India Hedge Fund
(includes all funds allocating to India)

Sponsored by

• Halbis India Alpha Fund
• Helios Strategic
• India Diversified Fund
• Karma Fund
• Marshal Asia Opportunities Fund
• Monsoon India Inflection Fund
• Tricolor India Opportunities Fund

Best Japan Hedge Fund
(includes all funds allocating to Japan)

Sponsored by

• 777 Fund
• Alpha Pacific Qualified Partners
• AlphaGen Hokuto Fund
• AlphaGen Tenro Fund
• Halberdier Fund
• Rockhampton Fund
• Yaraka Fund

Best Korea Hedge Fund
(includes all funds allocating to Korea)

Sponsored by

• CoreVest Fund
• JF Korea Absolute Return Fund
• SPARX Korea Long-Short Fund
• Whitefield Korean Fund

Best Local Hedge Fund (Singapore)
(includes all funds managed from Singapore, irrespective of their regional and strategic mandates)

Sponsored by

• 777 Fund
• Helios Strategic
• Novatera Capital Hidden Jewels Fund
• Tantallon BRIC Fund
• Tantallon Fund
• The Asian Debt Fund
• The Merchant Commodity Fund
• UG Hidden Dragon Balance Fund

Best New Asia Hedge Fund
(includes all funds that were launched between 1 Jan 2007 and 31 Dec 2007 and:
a. whose respective managers are based in Asia, in the case of funds employing a CTA/managed futures or a macro strategy
b. allocating partially or wholly to Asia, in the case of funds employing any other strategy)

Sponsored by

• CC Asia Advantage Fund
• Dragonback Asia Pacific Equity Multi-Strategy Fund
• Halbis India Alpha Fund
• India Diversified Fund
• Jadeite Capital Asia Pacific Absolute Return Fund
• Riley Paterson Asian Opportunities Fund
• Tairen China Fund

Strategic Mandate Awards

Best Asia Arbitrage Fund
(includes all arbitrage funds allocating to any or all regions within Asia Pacific)

Sponsored by
Click here to sponsor this award

• India Diversified Fund
• Ishin Master Fund
• Venus Arbitrage Fund

Best Asia (based) CTA/Managed Futures Fund
(includes all CTA/managed futures funds managed from within Asia Pacific, irrespective of the region(s) they invest in)

Sponsored by
Click here to sponsor this award

• Active Global Commodities Fund
• Blue Fin Capital - Managed Commodities Program
• Grinham Diversified Program
• Kaiser Trading Fund
• The Merchant Commodity Fund

Best Asia Distressed Debt Fund
(includes all distressed debt funds allocating to any or all regions within Asia Pacific)

Sponsored by
Click here to sponsor this award

• ADM Galleus Fund
• Ashmore Asian Recovery Fund
• ASM Asia Recovery Fund
• QBridge China Fund
• The Asian Debt Fund

Best Asia Event Driven Fund
(includes all event driven funds allocating to any or all regions within Asia Pacific)

Sponsored by
Click here to sponsor this award

• 777 Fund
• Altima Asia Fund
• Austral Equity Fund
• CC Asia Advantage Fund
• Harmony Investment Fund Feeder 1
• MQ Special Events Fund
• Simplex Value Up Trust
• The SFP Asia Fund
• Venus Special Situations Fund

Best Asia Fixed Income Fund
(includes all fixed income funds allocating to any or all regions within Asia Pacific)

Sponsored by
Click here to sponsor this award

• Asian CRC Hedge Fund
• Asian Credit Hedge Fund
• Stratton Street PPC Ltd Asian Bond Fund
• Tribridge AF1 Fund

Best Asia (based) Global Macro Fund
(all macro funds managed from within Asia Pacific, irrespective of the region(s) they invest in)

Sponsored by

• Excalibur Absolute Return Fund
• Japan Macro Fund
• KC Asia Fund
• Swordfish Fund
• Vegasoul Fund

Best Asian Equity Long / Short Fund
(includes all equity long/short funds allocating to any or all regions within Asia Pacific)

Sponsored by

• AlphaGen Tenro Fund
• BIA Pacific Fund
• Boyer Allan Pacific Fund
• Dragon Billion China Fund
• East of Suez Fund
• Eastern Advisors Fund
• Helios Strategic
• Marco Polo Pure China Fund
• Optimal Asia Fund
• SMC China Opportunity Fund
• Tantallon Fund

Best Asian Multi-Strategy Hedge Fund
(includes all multi-strategy funds allocating to any or all regions within Asia Pacific)

Sponsored by

• Artradis AB2 Fund
• Artradis Barracuda Fund
• Dragonback Asia Pacific Equity Multi-Strategy Fund
• Everest Capital Asia
• India Capital Fund
• Sattva Asia Opportunities Fund
• Stark Asia Fund
• UG Hidden Dragon Balance Fund

Best Asia Relative Value Hedge Fund
(includes all relative value funds allocating to any or all regions within Asia Pacific)

Sponsored by

• Lynx Arbitrage Fund
• PD Star Fund
• Prodigal Absolute Return Fund
• RAB Northwest Japan Fund
• Regal Amazon Market Neutral Fund
• Richland Asia Absolute Return Fund
• Titan Asia Volatility Fund

Special Achievement Fund
(an award decided upon the judges’ collective discretion)

Sponsored by
Click here to sponsor this award

• To be announced on awards night

Judges

The winners will be selected by an independent panel of judges based on both quantitative data and qualitative knowledge of the funds listed in the Eurekahedge database.

The five judges are:

Peter Douglas, Principal, GFIA, Singapore & Chairman, AIMA Singapore Chapter	Richard Johnston, Managing Director, Albourne Partners, Hong Kong
David Walter, Director, KBC Alpha, Singapore	John Knox, Director, KGR Capital, Hong Kong
Akane Hashimoto, Head of Hedge Funds, HCAdvisory, Japan

Nomination/Judging Methodology

Nominees to the Asian Masters of Hedge Awards are selected through voting by an independent panel of judges, from a working list of funds reporting to the Eurekahedge databases. All Asian hedge funds listed with Eurekahedge and operating as at the end of March 2008 are eligible for nomination. A master file of all eligible funds for each of the award categories (according to their regional/strategic mandates) is compiled, and is circulated among the judges to facilitate nomination for the awards (note: consequently, it is not unlikely that the same fund would be nominated for multiple awards).

Once the votes are collated and the list of nominees finalised, the winners will be selected by the panel of judges, weighing in on both quantitative and qualitative aspects of the funds in question. The quantitative discussion, while mainly based on 2007 performance, will also evaluate 1Q2008 risk/return metrics on grounds of consistency in fund performance.

The selection of nominees and winners is entirely under the remit of the panel of judges, and the role of Eurekahedge in this endeavour is limited to supplying data and moderating the discussion.

Co-organised by

If you are interested to get involved or to find out more information, you may email awards@eurekahedge.com or call +65 6212 0925.