NEW YORK, March 10, 2014 /PRNewswire/ -- At an awards dinner in New York City on March 3, 2014, S&P Capital IQ and New Legacy Group presented the second annual Global Emerging Manager Awards (GEMA), honoring emerging managers who have distinguished themselves among their peers.  The ceremony was attended by managers and capital allocators from around the world.

The New York based Tourbillon Capital won the Emerging Manager of the Year Award as well as Best Global-Focused Fund.  The firm was recognized for its exceptional risk adjusted fund performance and top-notch infrastructure, while growing its assets from zero to almost $1 billion in the first year without the benefit of seed capital.

"The winners of this year's Global Emerging Manager Awards all have a common thread, which is their ability to work hard and persevere successfully through volatile times," said Adam Geiger, President and CIO, New Legacy Group.

The awards event also continued its tradition to highlight the importance and successes of philanthropy in the hedge fund community.  Marc Lasry, Chairman, CEO & Co-Founder, Avenue Capital Group, shared inspiring remarks about his personal involvement and connection to many charitable causes and was presented a special   "Philanthropic Leadership Award" by his son, Alexander. 

"S&P Capital IQ is proud to have been able to bring together some of the top industry leaders in the world for the second year in a row," said Jay Zachter, managing director of S&P Capital IQ. "The successes recognized here tonight represent the standard in the industry and showcase before new and emerging managers what they can aspire to and how they can give back to their communities."

The winners of the 2014 Global Emerging Manager Awards by category are:

Multi-Strategy & Arbitrage:
Chicago, IL based Phalanx Japan AustralAsia Multi-Strategy Fund, Ltd.

Credit:
New York, NY based Varadero Capital, LP

Event Driven:
Greenwich, CT based FrontFour Capital Partners

Global Macro:
Greenwich, CT based Trend Macro Fund

Long/Short Equity:
New York, NY based Active Owners Fund

Asia-Focused:
Tokyo, Japan based Hayate Japan Equity Long-Short Fund

Emerging Markets-Focused:
New York, NY based Tree Capital Master Fund II, Ltd.

Europe-Focused:
London, UK based Camox Fund

Global-Focused:
New York, NY based Tourbillon Global Master Fund, Ltd.

2013 Manager of the Year:
New York, NY based Tourbillon Global Master Fund, Ltd.

ABOUT GLOBAL EMERGING MANAGER AWARDS
The Global Emerging Manager Awards is an ongoing industry initiative designed to recognize and foster  exceptional professional standards and successes among emerging hedge fund managers. The Global Emerging Manager Awards dinner has become the hedge fund industry's premier event, highlighting the best emerging funds and talented young professionals in the industry. For more information about the Global Emerging Managers Awards, please visit: www.emergingmanagerawards.com

ABOUT S&P CAPITAL IQ
S&P Capital IQ, a business line of McGraw Hill Financial (NYSE:MHFI), is a leading provider of multi-asset class and real time data, research and analytics to institutional investors, investment and commercial banks, investment advisors and wealth managers, corporations and universities around the world. We provide a broad suite of capabilities designed to help track performance, generate alpha, and identify new trading and investment ideas, and perform risk analysis and mitigation strategies. Through leading desktop solutions such as the S&P Capital IQ, Global Credit Portal, MMD and MarketScope Advisor desktops; enterprise solutions such as S&P Capital IQ Valuations; and research offerings, including Leveraged Commentary & Data, Global Markets Intelligence, and company and funds research, S&P Capital IQ sharpens financial intelligence into the wisdom today's investors need. For more information visit: www.spcapitaliq.com.

ABOUT NEW LEGACY GROUP
New Legacy Group, LLC is a Registered Investment Advisor that operates as a multi-family office.  New Legacy provides sophisticated and unbiased global investment management products and services, including hedge fund allocation, direct investing in both equity and debt opportunities and other services to families of substantial wealth, endowments, foundations, pension funds and other institutional investors that seek superior risk-adjusted returns. For more information, please visit www.newlegacy.com.

SOURCE S&P Capital IQ