Stockholm (HedgeNordic) – FIM Orient Alpha, the emerging market fund of hedge fund managed by FIM Asset Management, has received the award for best European emerging markets FoHF by Hedge Funds review. The award was announced at the annual European Fund of Hedge Funds award ceremony in London on November 19.

FIM Orient Alpha was also nominated for the FoHF of the year award but did not go all the way. Instead, that award was handed out to Stenham Advisors for the Stenham Healthcare fund.

FIM Orient Alpha is up by 3,6% YTD despite going through four months of negative returns running from June to September. NHX FoF Index in the same period only managed to appreciate by 1,4%.

Among other Nordic nominees, Merrant Alpha Select was shortlisted for the award as best diversified FoHF under 500 million dollar. That trophy however went to the Kairos Multi-Strategy fund.