NEW YORK, March 16, 2015 (GLOBE NEWSWIRE) -- Guggenheim Investments, the global asset management and investment advisory division of Guggenheim Partners, is pleased to announce that GS Gamma Investments, LLC ("GS Gamma"), an agency mortgage-backed securities hedge fund, was recognized as the best-performing fund for the trailing 10-year period at Hedge Fund Intelligence's 2015 Absolute Return Awards ceremony.
The Absolute Return Awards honor the best risk-adjusted performance among hedge funds based in the Americas. The awards recognize both the highest annual returns for funds in a variety of asset classes and the funds with the best long-term, risk-adjusted performance across all investment strategies. The annual awards are regarded as the most prestigious in the hedge fund industry.
"This award underscores our ongoing commitment to both generating strong returns and to prudently managing risk on behalf of our clients," said GS Gamma founder and Guggenheim Senior Managing Director George Sykes. "We are very grateful to the leadership of Guggenheim, whose strong partnership and support over these 11 years has been integral to our success."
GS Gamma was among eight finalists for the 10-year recognition, which is based on a combination of annual returns and Sharpe ratios among hedge funds with at least $1 billion in assets under management for the period ended December 31, 2014.
GS Gamma's 10-year annualized net return of 12.42% and Sharpe ratio of 1.74 for the period combined to distinguish the fund among a strong group of peers.
About Guggenheim Investments
Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners, and manages more than $195.8 billion1 in assets across fixed income, equity, and alternatives. We focus on the return and risk needs of insurance companies, corporate and public pension funds, sovereign wealth funds, endowments and foundations, consultants, wealth managers, and high-net-worth investors. This approach to investment management has enabled us to deliver innovative strategies that provide opportunities for diversification and attractive long-term results. Guggenheim Investments offers investors a broad range of ETPs—domestic and international equity, fixed-income and currency—to provide the core building blocks for portfolios, access to hard-to-reach market segments, as well as targeted investment choices.
About GS Gamma
GS Gamma Investments, LLC, was launched in April 2004 by GS Gamma Advisors, LLC, a New York-based registered investment advisor. To date, returns were produced with zero financial leverage and with no investments in lower credit assets. The fund employs a unique process of security selection and portfolio construction that allows it to build a basket of securities with offsetting risk characteristics and minimize short positions in outside hedging markets. GS Gamma is managed by George Sykes and Jay Fiacco, who combined have more than 45 years of experience in the MBS space.
1Guggenheim Investments total asset figure is as of 12.31.2014 and includes $12.1bn of leverage for Assets Under Management and $0.4bn for assets for which Guggenheim provides administrative services. Values from some funds are based upon prior periods. Guggenheim Investments represents the following affiliated investment management businesses: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Funds Distributors, LLC, Guggenheim Aviation Partners, LLC, Guggenheim Real Estate, LLC, Transparent Value Advisors, LLC, GS GAMMA Advisors, LLC, Guggenheim Partners Europe Limited and Guggenheim Partners India Management.
Media Contact Ivy McLemore Guggenheim Partners 212.518.9859 - office 917.809.0725 - mobile Ivy.McLemore@guggenheimpartners.com