This was the last annual edition of the tournament until 2014 when it returned to its original biennial format due to the introduction of the World League.

Argentina won the tournament for the fifth time after defeating Great Britain 1–0 in the final.

The Netherlands won the third place match by defeating Germany 5–4.

After they played a round-robin every team advanced to the knockout stage.

Along with the host nation, the top five finishers from the tournament's previous edition and the winner of the 2011 Champions Challenge I qualify automatically.