AsianInvestor magazine held its seventh annual investment-management Achievement Awards dinner at the Conrad Hotel on 22 May. The black-tie gala attracted over 270 industry participants from around the region to enjoy a fun evening.

Following cocktail hour, in which everyone had a chance to catch up with old friends and colleagues, as well as make some new contacts, our MC Nina Mehra (day job: reporter for AI) took charge. She led our guests through the eveningÆs programme, which not only included handing out the awards, but also a guest speaker, music, charity raffle prizes and the famous AI quiz.

Dinner, accompanied by the beautiful classical music of the Jam Quartet, gave everyone a chance to enjoy a few glasses of wine and scratch their heads at the quiz.

Afterwards, AsianInvestor editor Jame DiBiasio explained to the audience how the award winners were selected by a special technique inspired by ôA Random Walk Down Wall Streetö and applied to certain quarters of Hong Kong. His address touched on the key points in the US presidential election, concluding with a controversial observation regarding Celine DionÆs song about going down on the Titanic.

The highlight of the evening was the address given by guest speaker, Burton Malkiel, economics chair at Princeton University and author of ôA Random Walk Down Wall Streetö, as well as the just-published ôFrom Wall Street to the Great Wallö. The doyen of efficient-markets investing explained why the US economy is likely to suffer a worse-than-expected year in 2009, but noted that today investors at least get compensated for risk.

HSBC Securities Services was the exclusive sponsor for the event. Colin Lunn, head of fund services, got on stage to announce the winner of AIÆs inaugural Global Fund House of the Year award, which was Pimco. He also stuck around to draw the raffle numbers, with the top prize of a weekend for two at the Sukhothai Bangkok, including return flights, donated by AsianInvestor. Janus Capital GroupÆs table won the quiz.

The beneficiary of our fund-raising effort was the Hong Kong Red CrossÆs China Relief Fund, which continues to provide aid and assistance to Sichuan Province in the wake of the devastating earthquake. A number of firms made corporate donations; the full list will be recognised in the upcoming edition of the magazine.

To see the photo album, click here.