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Established Hedge Fund Player Joins the NHX Universe

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Stockholm (HedgeNordic) – Sissener Canopus, a Norwegian absolute return fund soon to reach a seven-year track record, has now joined the Nordic Hedge Index. The equities-oriented vehicle founded and led by Jan Petter Sissener (pictured) achieved an annualized return of 14 percent since inception.

Sissener Canopus primarily uses a stock-based long/short strategy, investing in listed stocks either directly or via financial derivative instruments such as options and contracts for differences. The team of six portfolio managers and analysts managing the fund puts emphasis on fundamental analysis at both company and macro level, seeking to invest in large companies with healthy liquidity, predictable cash flows, and solid balance sheets and corporate governance. Despite mainly running a long/short equity strategy, Sissener Canopus also invests in fixed-income securities, convertible bonds, and any other transferable securities.

With the Sissener team based out of Oslo, Norwegian and Nordic markets represent the team’s primary competence and hunting ground. Yet, Sissener Canopus has a global mandate and has the flexibility to invest in all industries and regions across the world deemed attractive. The fund’s investment selection process focuses on identifying securities with significant discrepancies between actual market prices and their fundamental values and prospects.

Launched in May 2012, Sissener Canopus is already an established player in the Nordic hedge fund industry, with the fund managing NOK 3.0 billion as of the end of March. The fund has received multiple performance awards from the Hedge Fund Journal, most recently being named the best performing fund based on risk-adjusted performance over the previous four and five years in the “Long/Short Equity (Discretionary) – Global” category at the UCITS Hedge Awards.

 

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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

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