Spruce Investment Advisors, the outsourced Chief Investment Officer for U.S.-based individuals, family offices, foundations and endowments, was nominated for performance excellence in three categories for the 2017 HFMInvestHedge Awards on June 29, 2017. The categories include Global Equity Fund - 1 Year, Global Equity Fund - 5 Years, and Global Macro Strategy (GMS) $100 million to $500 million - 1 Year.

Spruce has been nominated for the HFMInvestHedge Awards 13 times over the past 14 years, and has won three times. "We are excited to once again be recognized by HFMInvestHedge," said John Bailey, Founder and Chief Executive Officer of Spruce. "We have invested in hedged strategies for over 16 years and are pleased with the role they have played in helping us generate competitive long term returns for our clients."

Nominees were selected by HFMInvestHedge based upon risk- adjusted performance data through the end of April 2017. Final decisions are determined by performance through June 2017.

About Spruce

Spruce Investment Advisors, LLC, is an award-winning wealth management firm based in Stamford, CTthat serves as a Chief Investment Officer for family offices, foundations and endowments. Spruce advises on broadly diversified portfolios, including traditional investment portfolios of global equities, fixed income, high income, liquid absolute return, currencies and commodities, and alternative investment portfolios featuring hedge funds, private equity, real estate and oil & gas. Since 2001, Spruce has helped families and investors benefit from a broad and sophisticated array of global investment opportunities, aggressive risk management, and objective investment advice.