- Advertisement -
- Advertisement -

Announcing the winners: Rookie of the Year   

- Advertisement -

Stockholm (HedgeNordic) – Rookie of the year is one of HedgeAwards two special categories, recognizing a newcomer on the Nordic hedge fund scene. The category was introduced ahead of the 2015 event, with the first winner being the long short equity fund Elementa from Elementa Management.

This year, the award went to the team behind the direct lending fund, Scandinavian Credit Fund 1, which is managed by Skandinaviska Kreditfonden. The fund engages in the private debt market providing capital to companies with short and medium term financing needs. Read HedgeNordics introductory interview with the manager here.

The fund has so far been offered to a retail audience with a listing on the NGM-NDX market providing for secondary market dealing but institutions are beginning to express interest according to CEO and Portfolio Manager Fredrik Sjöstrand (pictured), who HedgeNordic caught up with during the event.

”The fund has delivered in line with our expectations during the first year. The strong interest for the fund has already brought assets under managegement to 400 MSEK and we are now beginning to see interest from institutions as well.”

”As the fund now has grown bigger, I see even more opportunities as we can approach lending objects that require larger sizes. This will work in favour of the fund going forward”.

As for winning the award, Sjöstrand is flattered that the fund has been recognized already as it is still early days.

”We have only just started but this is a first recognition that we are on the right track, we hope to revisit the winners podium for many years to come”.

The Rookie of the Year is determined by a jury board made of of other Nordic hedge fund managers. To learn more about the jury members and procedure, please click here.

Subscribe to HedgeBrev, HedgeNordic’s weekly newsletter, and never miss the latest news!

Our newsletter is sent once a week, every Friday.

Jonathan Furelid
Jonathan Furelid
Jonathan Furelid is editor and hedge fund analyst at HedgeNordic. Having a background allocating institutional portfolios of systematic strategies at CTA-specialist RPM Risk & Portfolio Management, Mr. Furelid’s focus areas include sytematic macro and CTAs. Jonathan can be reached at: jonathan@hedgenordic.com

Latest Articles

AT1 Bond Wipeout: Not the Default Mode of Resolutions

Stockholm (HedgeNordic) – As part of the takeover of Credit Suisse by UBS, Swiss financial regulator FINMA instructed the credit-stricken bank to write down...

P+ CEO Sørensen Announces Retirement

Stockholm (HedgeNordic) – After more than 21 years of overseeing pension fund management, Søren Kolbye Sørensen has announced his retirement from his role as...

The Hedge Fund Cure for Apoteket’s Pension Fund

Stockholm (HedgeNordic) – 2022 was one of the toughest years in recent memory for institutional investors, as the global economy and financial markets faced...

Sissener and Nordea’s Alpha Win UCITS Awards

Stockholm (HedgeNordic) – The Hedge Fund Journal, a monthly magazine focusing on the global hedge fund industry, has published the list of winners at...

Hedge Fund Exposure Pays Off for University Endowment

Stockholm (HedgeNordic) – The endowment fund of Aalto University in Finland edged down 3.5 percent after all fees and costs in 2022 during what...

Banking Turmoil as Buying Opportunity for Utbytte

Stockholm (HedgeNordic) – On Friday March 10, Silicon Valley Bank failed and was taken over by federal regulators after a run on deposits, as...


Most Popular This Week


Request for Proposal

- Advertisement -