Hosted by Alternative IQ, the annual awards ceremony recognizes high-performing hedge funds across eight categories, including the overall best Canadian hedge fund.
A total of 291 funds were included in the 2025 CHFA program. The awards are based on quantitative performance data recorded as of June 30. Fundata Canada collects and tabulates the data to determine the winners.
Equity focused funds
In the equity-focused funds category, Optimist Fund took first place for the best one-year and three-year average annual returns.
The Canoe Energy Alpha Fund LP took top marks for the best five-year and 10-year returns.
SMI Defensive LP landed first place in the best three-, five- and 10-year average annual Sharpe ratio sub-categories.
Credit-focused funds
The Focus Credit Opportunities Fund earned the award for best one-year average annual return in the credit-focused funds category.
The Wealhouse Amplus Credit Income Fund was recognized for having the best three-year and five-year returns.
The East Coast Strategic Credit Trust earned the top prize for the best 10-year return.
In the Sharpe ratio sub-categories, the Wealhouse Amplus Credit Income Fund took first place for the best three-year and five-year Sharpe ratios.
The YTM Capital Credit Opportunities Fund won the top prize for the best 10-year Sharpe ratio.
Market-neutral funds
The PICTON Market Neutral Equity Fund received the award for best one-year average annual return in the market-neutral fund category.
The CC&L Global Market Neutral Fund won awards for best three-year and five-year returns.
The HGC Fund LP was recognized for having the best 10-year return.
The HGC Fund LP also won the award for best three-year and 10-year Sharpe ratios, while the PICTON Market Neutral Equity Fund took the award for best five-year Sharpe ratio.
Global macro/managed futures/multi-strategy funds
In the global macro/managed futures/multi-strategy funds category, the Palos Income Fund, LP earned awards for best one-year and three-year average annual returns.
The SMI Opportunities LP took top marks for best five-year return and AIP Convertible Private Debt Fund LP did for best 10-year return.
For Sharpe ratio awards, the PICTON Multi-Strategy Alpha Fund, Westcourt Performance Portfolio and AIP Convertible Private Debt Fund LP were recognized for having the best three-, five- and 10-year Sharpe ratios, respectively.
Private debt funds
Among private debt funds, the Vault High Yield Credit Fund won the award for best one-year average annual return.
The AGF SAF Private Credit Trust did for best three-year return, Merchant Opportunities Fund LP did for best five-year return, and Invico Diversified Income Fund did for best 10-year return.
Private equity funds
The Portland Global Sustainable Evergreen LP took the prizes for best one-year and three-year average annual returns in the private equity funds category.
The Kinsted Strategic Growth Pool earned the award for best five-year return, while the Kensington Private Equity Fund did for best 10-year return.
Mortgage funds
The mortgage fund category recognized the Vault Commercial Mortgage Fund for having the best one-year average annual return, Sterling Mortgage Income Fund for having the best three-year and five-year returns, and Capital Direct 1 Income Trust for having the best 10-year return.
