- Advertisement -
- Advertisement -

L/S Version of Prized Long Only Strategy Joins the NHX

- Advertisement -

Stockholm (HedgeNordic) – Norron Alpha, a market-neutral equity hedge fund managed by Nordic asset manager Norron AB, has recently been added to the Nordic Hedge Index (NHX). The fund originates from the asset manager’s long-only equity fund Norron Active, named as Sweden’s best fund in the past five years by Swedish online magazine Placera at the end of last year.

The long side of Norron Alpha constitutes a replica of Norron Active’s portfolio, with the fund’s beta component reduced by shorting the OMX Stockholm Benchmark (SBX) – a capitalization-weighted total return index designed to track the performance of the Stockholm Exchange. Norron Alpha’s long side mainly consists of companies listed on the Swedish equity market, but the fund can make investments in all Nordic markets. The investment process for selecting companies in the fund’s collection of long positions is research-driven, with the process involving both a fundamental and non-fundamental analysis. The fundamental analysis focuses on company profitability, balance sheet quality, and competitive advantages. The non-fundamental review, meanwhile, represents a qualitative analysis that considers the quality of company management and ownership structure. Norron Alpha is shorting the SBX index using total return swaps, with the short side of the fund being monitored daily to ensure the fund is market neutral.

Norron Alpha was launched in September 2016 and is managed by fund manager Gustaf Sjögren (pictured), a co-founder of Norron AB. Prior to working at Norron, Sjögren served as an institutional broker at Handelsbanken between 1986 and 1991 and also worked as a fund manager of the Reavinst Fond at Handelsbanken Fonder. He co-founded Catella Fonder in 1998 and became a partner the same year. Sjögren was the fund manager of Catella’s Reavinsfond between 1998 and 2003, but was also a co-founder and asset manager of Catella Hedgefond until 2010. He has also been managing Norron Active since its inception in September 2011.

 

Welcome to the Nordic Hedge Index!

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

Our newsletter is sent once a week, every Friday.

Eugeniu Guzun
Eugeniu Guzun
Eugeniu Guzun serves as a data analyst responsible for maintaining and gatekeeping the Nordic Hedge Index, and as a journalist covering the Nordic hedge fund industry for HedgeNordic. Eugeniu completed his Master’s degree at the Stockholm School of Economics in 2018. Write to Eugeniu Guzun at eugene@hedgenordic.com

Latest Articles

Improved Environment for Single Shorts and Options Protection

Stockholm (HedgeNordic) – Marcus Plyhr’s cautious stance on markets helped Norron Select minimize losses in 2022, closing the year with a low single-digit decline...

Strong May Performance for Nordic Hedge Funds

Stockholm (HedgeNordic) – The Nordic hedge fund industry is experiencing one of its strongest years on record, marked by seven consecutive months of positive...

New Billion Club Member

Stockholm (HedgeNordic) – The Nordic hedge fund industry is welcoming a new member to its exclusive €1 billion club: Asgard Fixed Income Risk Premia...

Coeli Partners with Peter Norhammar for Real Estate Fund Launch

Stockholm (HedgeNordic) – Swedish asset manager Coeli is partnering with real estate specialist Peter Norhammar and NRP Anaxo Management to launch a new long/short...

Borea Welcomes New Majority Owner

Stockholm (HedgeNordic) – Norwegian fund boutique Borea Asset Management has a new majority owner. A consortium of independent banks within Frendegruppen, Norway’s second-largest banking...

Estlander Awaiting the Black Swan

Stockholm (HedgeNordic) – Finnish systematic asset manager Estlander & Partners has been in the business of providing so-called “crisis alpha” for decades through one...

Allocator Interviews

Latest Articles

In-Depth: High Yield

Voices

Request for Proposal

- Advertisement -