Edmond de Rothschild Prifund Alpha Uncorrelated: Banque Privée Edmond de Rothschild

Winner: Best specialist fund of hedge funds over 10 years; Shortlisted: Best specialist fund of hedge funds over three years

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A lot has happened to the European fund of hedge funds (FoHF) world since Edmond de Rothschild launched its first FoHF in 1969. The environment has completely changed for the Swiss manager, which now runs $9.3 billion in FoHF and multi-manager products.

One of the biggest changes post-2008 has been the severe contraction of Europe's FoHF industry. Not only have the number of products shrunk, significant consolidation as well as attrition rates have combined with the major loses sustained in 2008

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