- Advertisement -
- Advertisement -

Related

Winning Nordic Emerging Managers in London

Industry Report

- Advertisement -

Stockholm (HedgeNordic) – Last week in London, EuroHedge awarded prizes to the best Emerging Fund Managers within several hedge fund categories in Europe. This award ceremony complements the long-standing EuroHedge awards ceremony which is traditionally held in January and showcases managers that have typically smaller funds or shorter track-records. There were four categories in which the jury chose the winners, and in each of them, between five and seven different strategies. The first two categories include managers with AUM between $10 and $500 million, and a track record of less than 3, or between 3 and 5 years respectively; the third and fourth categories include managers with a track record longer than 5 years, but AUM of less than $100 million or between $100 and $250 million respectively. The nominations are based purely on fund performance from inception until the end of August 2017.

Several funds belonging to our NordicHedge Index received a prize on Thursday night, which shows again how Nordic managers are well equipped to shine within the broader European hedge fund community.

In the first category (0-3 years, AUM between $10m and $500m), Runestone Capital fund took the Macro, CTA & Volatility prize. Despite a difficult start, this young fund, whose first NAV was recorded in May 2015, had a tremendous run in 2016, with a little more than 30% return for the year. This year, Runestone is on track for another positive year, albeit less spectacularly, with a performance of 5% YTD (31 Oct). Norwegian national Rune Madsen and Danish national Rasmus Andersen manage Runestone out of London.

In the same category, the European Equity award was given to the Stockholm-based manager of Elementa, started just two months earlier than Runestone by Marcus Wahlberg. Elementa has seen two good years in 2015 and 2016, with 15% and 14% return respectively, and exhibits a remarkable Sharpe ratio of 2.78 since inception. This year, the fund is taking a breather with a more subdued performance of just 0.5% YTD (31 Oct).

In the third category (more than 5 years, AUM between $10m and $100m), the Norwegian Borea Global Equities fund took the prize for the Global Equity strategy. While the fund experienced a challenging run in 2016, it has shown consistent mid-teen returns every other year, including 2017, with a year-to-date performance of 15% (31 Oct).

The list of all other winners is available here.

 

Picture (c) – OlegDoroshin – shutterstock.com

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

Our newsletter is sent once a week, every Friday.

Aline Reichenberg Gustafsson, CFA
Aline Reichenberg Gustafsson, CFA
Aline Reichenberg Gustafsson, CFA is Editor-in-Chief of HedgeNordic.com and NordSIP.com. She has 18 years of experience in the asset management industry in Stockholm, London and Geneva, including as a long/short equity hedge fund portfolio manager, and buy-side analyst, but also as CFO and COO in several asset management firms. Aline holds an MBA from Harvard Business School and a License in Economic Sciences from the University of Geneva.

Latest Articles

Formue Highlights Private Credit’s Role in New Economic Era

Nordic wealth manager Formue has long prided itself on delivering institutional-grade investment solutions to high-net-worth individuals. As global economic conditions shift, Formue sees an important role...

Chelonia Select Builds on Solid 2024

Stock-picking hedge fund Chelonia Select is off to a strong start in 2025 with an 8.3 percent gain through the end of May, building...

CABA Capital Expands the Flex Series

Danish fixed-income boutique CABA Capital has launched the third vintage of its leveraged, closed-end fixed income strategy: CABA Flex3. The fund aims to deliver...

Aegon AM Launches Capital Call Finance Fund

Aegon Asset Management has launched the Aegon Capital Call Finance Fund, providing institutional investors with access to the capital call finance market – a...

Evli’s Co-Investment Strategy: Opening the Door to Direct Private Equity Deals

Co-investing alongside private equity funds has become increasingly important for institutional investors seeking greater control, reduced fees, and selective deal exposure. Once reserved for...

From Loans to Layers: Navigating the CLO Capital Stack

Collateralized Loan Obligations (CLOs) play an important role in credit markets by bridging the capital needs of corporate borrowers with the return objectives of...

Allocator Interviews

In-Depth: High Yield

Voices

Request for Proposal

- Advertisement -
HedgeNordic
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.