Stockholm (HedgeNordic) – Eight Nordic hedge funds are competing for awards in different categories at this year’s edition of the Investors Choice Awards for the EMEA (Europe, the Middle East, and Africa) region. Around the same time last year, Stockholm-based long/short fund Bodenholm was named the best “Global Equity Fund” with assets between $500 million and $1 billion.
The nominees and winners of the Investors Choice Awards, organized by data platform Allocator, are selected based on a range of both quantitative and qualitative criteria judged by a panel of independent institutional investors. Specifically, the selection process incorporates a set of qualitative criteria covering the investment process, risk management framework and depth of research team, as well as includes a set of quantitative performance measures such as annualized returns, volatility, and maximum drawdown.
Eight members of the Nordic Hedge Index (NHX) have been classified as “Top Performers” in different categories at the Investors Choice Awards 2019 and will compete for the main prizes in their respective categories. The winners will be announced on Friday this week. Stockholm-based long/short equity fund Gladiator Fond competes with four other funds to become the best “European Equity Fund” with assets between $500 million and $1 billion. The fund managed by Max Mitteregger also competes for the top prize in the “Equity – Long Term Performance” category, where quantitative performance measures over the last three years are considered in combination with judges’ qualitative scores.
Long/short equity funds Norron Select and PriorNilsson Idea feature among top performers in two separate categories, with the former fund competing for the top prize in the “European Equity Fund under $500m” category with two other funds. PriorNilsson Idea, meanwhile, competes in the “Best Smaller Fund – Equity” category with three other funds. Bodenholm, one of last year’s winners, competes in the “Global Equity Fund over $500m” category.
Market-neutral equity fund DNB TMT Absolute Return competes with three other peers in the “Special Equity Fund” category. Two Nordic fixed-income hedge funds feature among top performers at this year’s edition of the Investors Choice Awards. Borea Høyrente has a chance at winning in the “Credit Fund over $500m” category, whereas Asgard Fixed Income Fund competes for the top spot in the “Credit Fund – Long Term Performance” category. Last but not least, IPM Systematic Macro Fund competes with three other funds for the top prize in the “Managed Futures – Long Term Performance” category.
Picture © Allocator