The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from PR Newswire

S&P Capital IQ and New Legacy Group Recognize the Best Global Emerging Managers

Thursday, March 21, 2013

S&P Capital IQ and New Legacy Group Recognize the Best Global Emerging Managers11:28 EDT Thursday, March 21, 2013NEW YORK, March 21, 2013 /PRNewswire/ -- Members from the investment management community from seven countries and four continents gathered at the first annual S&P Capital IQ and New Legacy Group's Global Emerging Manager Awards (GEMA) dinner on Monday, March 18, 2013 at the Waldorf Astoria in New York City.  This event was held to honor those who have distinguished themselves among their peers in the areas of best practice processes, business building and fund performance.The San Francisco-based Marcato Capital Management won the Emerging Manager of the Year Award. In selecting Marcato for this honor, the Global Emerging Manager Awards' panel of judges noted that the firm distinguished itself not only with exceptional fund performance, but also by displaying best practices with respect to infrastructure, client service and business development."All the finalists had impressive credentials. Marcato is to be congratulated for its win, as they represent the very standard that all emerging managers aspire to reach," said Adam Geiger, President and CIO of New Legacy Group. "Marcato Capital Management is an example of why asset allocators are taking real notice of emerging managers."Gregory Zuckerman, senior reporter at The Wall Street Journal, noted in this welcome remarks, "Statistics and historical data show that the real alpha is from smaller hedge funds."  Later, he said, "I am told that the attendees here tonight have allocated over half a trillion dollars to hedge funds.  That is a pretty impressive number."The awards dinner also focused on philanthropy within the investment community with a discussion titled, "Give Smart:  Conversations with Tom Tierney," with renowned philanthropists Justin Rockefeller, Spencer Robertson, and Irene Pritzker.  Mr. Tierney is the co-founder and CEO of Bridgespan and the co-author of Give Smart: Philanthropy that Gets Results. "The message of giving to create real, effective change in the world truly resonated with the audience of prestigious allocators and managers," said Jay Zachter, managing director of S&P Capital IQ, "S&P Capital IQ is proud to have been able to bring together some of the top leaders in the world.  The event exemplified the strong connection between philanthropy and the investment community." The winners of the 2013 Global Emerging Manager Awards by category are: Best Credit FundNew-York based Premium Point Mortgage Credit FundBest Event Driven FundNew York based HG Vora Special Opportunities FundBest Global Macro Fund Greenwich, CT based Trend Macro Fund LPBest Long/Short Equity FundTacoma, WA based Point Defiance Microcap Fund, LPBest Multi-Strategy/Arbitrage Fund Bogota, Colombia based Andean Capital ManagementBest Asia-Focused Fund Singapore based, The SFP Value Realization FundBest Emerging Markets-Focused Fund London, UK based Skyline Master FundBest Europe-Focused FundNew York based Permian Investment PartnersBest Global-Focused Fund Chicago, IL based Brookfield Global Listed Infrastructure FundBest Emerging Manager of the YearSan Francisco, CA based Marcato Capital Management About S&P Capital IQ:S&P Capital IQ, a business line of The McGraw-Hill Companies (NYSE: MHP), 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. Evaluated pricing is prepared by Standard & Poor's Securities Evaluations, Inc., a part of S&P Capital IQ and a registered investment adviser with the U.S. Securities and Exchange Commission.S&P Capital IQ provides 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 and MarketScope Advisor desktops; enterprise solutions such as S&P Capital IQ Valuations, and Compustat; 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, LLC:New Legacy Group, LLC is a Registered Investment Advisor that provides sophisticated and unbiased global investment management products and 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 IQFor further information: For more information please email or call the office of Joseph Weilgus, CEO, New Legacy Group at jweilgus@newlegacy.com or 212-616-8022, or Jay Zachter, Managing Director, S&P Capital IQ at jzachter@spcapitaliq.com or 212-438-8689