Three India-focused hedge funds have won awards for best-in-class at a prestigious fund awards ceremony in Singapore hosted by Eurekahedge, Asia Pulse reports.

They include Helios Strategic, The SFP Asia Fund and Cannizaro Asia Fund.

The award to the $490 million Helios Strategic fund was for Best India Hedge Fund. The fund, which invests in a diversified portfolio of equity and equity-related securities, seeks to preserve long-term capital, was founded by former Alliance Capital executives Dave Williams, Karan Trehan and Samir Arora.

The $300 million Cannizaro Fund, which invests in India but also in other Asian countries, including Hong Kong, Singapore and Taiwan, was honored as Best Asian Multi-Strategy Fund.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.