NEW YORK, Feb. 18, 2014 /PRNewswire/ -- TIG Securitized Asset Fund, a long/short credit fund launched in October 2012, was recognized as 2013's Best New Fund by Hedge Fund Intelligence's Absolute Return awards. The awards ceremony was held in New York City on February 13, 2014.
Winners of the Absolute Return awards were announced at Gotham Hall, recognizing the best performing US hedge fund managers. In their research, Absolute Return emphasized the quality of returns more than the quantity. The awards are regarded as the most prestigious in the industry. Stuart Lippman and David Liu, co-founders of the fund, accepted the award.
"An Absolute Return Award is a prestigious industry accolade which we're proud to accept," said David Liu, co-founder of TSAF. "Being named as New Fund of the Year is especially pleasing as the award recognizes risk-adjusted returns."
TIG Securitized Asset Fund was selected from a group of nominees based on data included in Absolute Return's comprehensive Database of US Funds. The winners were chosen on the basis of various quantitative factors, including Sharpe ratio, performance and assets.
"TIG Securitized Asset Fund builds upon TIG Advisors' 34 years of investing experience," said Stuart Lippman. "We look forward to continuing to apply our formula in order to strive to generate steady and attractive returns in 2014 and beyond."
TSAF was founded by Stuart Lippman and David Liu, who together have more than three decades of experience investing in structured products. The fund has a relative value focus, seeking to profit from both market fundamentals and dislocations created by regulatory changes, policy issues and market technicals focusing on RMBS/CMBS/ABS securities.
For additional information on the Absolute Return Awards please visit http://www.hedgefundintelligence.com/Product/17441/Forthcoming-Events-Details/Absolute-Return-Awards-for-2013.html?ElementId=11178
About TIG Advisors
TIG Advisors, LLC ("TIG") is an SEC registered investment adviser. Founded in 1980, the firm is engaged in the active management of alternative asset funds and their underlying businesses. The company seeks to partner with experienced and talented managers that it believes have proven and repeatable investment processes. The firm strives to provide a platform for managers to preserve the culture, philosophy, and research capability that is distinct to their investment discipline, while also drawing on the institutional infrastructure of TIG.
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SOURCE TIG Securitized Asset Fund