- Advertisement -
- Advertisement -

Related

Winning Nordic Emerging Managers in London

Latest 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

Zetterquist Leads Antiloop’s Reset as Cygnus and Atlas Gain Momentum

After helping build and later steer the operations of fund boutique Norron, first as COO and then as CEO, Alexander Zetterquist is embarking on...

From Running Laps to Running Capital: Ex-Taiga Analyst at DNB

After nine years as an analyst at equity long/short hedge fund Taiga Fund, Øystein Kvaerner has joined DNB Asset Management to launch a new...

Nordic Hedge Funds Wrap Up Strong Third Quarter

Nordic hedge funds continued their strong run of performance since May, advancing an additional 1.7 percent on average in September – the industry’s second-best...

DNB’s Stable Alpha Goes DACH

DNB Asset Management has managed its in-house multi-manager, multi-strategy fund platform since early 2020. After a period of muted performance in its early years,...

Opportunities Lie Beneath Aggregate Credit Spreads

Credit spreads across the United States and Europe have tightened to historically low levels, leaving limited reward for simply holding long credit positions. This...

European Alternative Investments Conference 2025

More than 200 practitioners, academics and thought leaders met in Copenhagen for the second European Alternative Investments Conference, hosted by Finansforeningen, CFA Society Denmark...

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.