A long/short credit fund launched by TIG Advisors has been recognized as the best-performing new hedge fund of 2013 by Hedge Fund Intelligence's Absolute Return.
New York-based TIG announced Tuesday that the fund, which launched in 2012, was presented the award in a ceremony held in New York City in February 13. Absolute Return, which chose the winner by emphasizing the quality of returns over the quantity, picked the TIG fund based on various quantitative factors, including Sharpe ratio, performance and assets.
Stuart Lippman and David Liu, the founders of the fund who together have more than three decades of experience investing in structured products, accepted the award.
TIG was founded in 1980.