Awards listed below are based on factors including, but not limited to, investment returns and assets under management, as provided by Arena Investors. Other factors such as investment discipline and selection, portfolio management, performance record, stability of investment team, investor relations and back-office infrastructure are also considered in certain cases. Awards may be judged by a panel of industry executives or through a more general voting process. For each award's specific selection criteria, see the corresponding firm's website. Some nominations include an associated awards ceremony for which Arena Investors compensates the award provider to sponsor the event.