- Advertisement -
- Advertisement -

Related

Nordic Hedge Funds Receive Awards in Foreign Territories

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – Two Nordic hedge funds have received several 2019 Lipper Fund Awards outside the Nordics for outstanding fund performance. The winners of this year’s Lipper Fund Awards for the Nordic region are yet to be announced.

Nordea 1 – Alpha 10 MA Fund, which uses a multi-asset approach to harvest different risk premia, was recognized as the best fund over three years in Lipper’s EUR-denominated high-risk “Absolute Return” category in Germany, the United Kingdom, Switzerland, and Austria. DNB TMT Absolute Return, another member of the Nordic Hedge Index, was named the best fund over three years in the “Alternative Long/Short Equity Global” category in Switzerland.

The Lipper Fund Awards from Refinitiv, formerly known as Thomson Reuters, aim to recognize funds and fund management companies for consistent strong risk-adjusted performance relative to industry peers. The winners are selected based solely on quantitative criteria. Funds registered for sale in a respective country or region qualify for each region’s Lipper Fund Awards and only funds with track records of at least 36 months compete for the awards.

Managed by Nordea’s multi-asset team led by Asbjørn Trolle Hansen, Nordea 1 – Alpha 10 MA Fund earned a cumulative 13 percent in the past 36 months through the end of February. The multi-asset vehicle employs six independent strategies, four of which focus on harvesting risk-on and risk-off premia. One of the four seeks to harvest the quality premium in equity markets, which tends to perform well in a risk-off environment. This strategy also aims to collect the value premium that tends to exhibit more correlation with equity markets and perform well in a risk-on environment. The other two strategies are designed to harvest directional premia. Nordea 1 – Alpha 10 MA Fund aims to generate an average annual return between five and seven percent gross of fees over a full investment cycle.

DNB TMT Absolute Return, a market-neutral equity fund managed by Anders Tandberg-Johansen, Sverre Bergland and Erling Thune (pictured), delivered an annualized return of 3.4 percent since launching in November of 2011. The fund strives to be truly market-neutral by maintaining a zero-beta portfolio consisting of companies within the global telecom, media and technology sectors. DNB TMT Absolute Return, overseeing €408.6 million in assets under management as of the end of February, did present evidence of its neutrality to market risk last year after gaining three percent in October alone and 2.5 percent for the year.

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

Mapping the Finnish Hedge Fund Landscape

Beyond operating as a media platform, HedgeNordic maintains an extensive database of Nordic hedge funds and related data. Although the data is not without...

Quirky Questions for Serge Houles (Tidan Capital)

Not every conversation in the hedge fund world needs to revolve around alpha, Sharpe ratios, or fund flows. In the ongoing Quirky Questions series,...

Quirky Questions for Mette Østerbye Vejen (Caba Capital)

Not every conversation in the hedge fund world needs to revolve around alpha, Sharpe ratios, or fund flows. In the ongoing Quirky Questions series,...

Solid First-Half Finish for Nordic Hedge Funds

Nordic hedge funds wrapped up the first half of the year on a solid note, delivering an average gain of 1.4 percent in June....

Brevan Howard Winds Down Volatility Fund Managed by Ville Helske

Brevan Howard Asset Management is winding down a volatility-focused hedge fund run by high-profile Finnish portfolio manager Ville Helske. Helske, formerly Head of Allocation...

Ymer to Launch Fourth CLO Fund with Proven Strategy and Structure

Building on the track record of three previous credit funds, Swedish alternative credit specialist Ymer SC AB is preparing to roll out its fourth...

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.