Stockholm (HedgeNordic) – Several Nordic hedge funds have been shortlisted for the Global Hedge Fund Awards, a recently-announced initiative by Eurekahedge to recognize and award the top performing hedge fund managers across the globe.

Three hedge fund debuts in the Nordics, including the 2018 Nordic Rookie of the Year award winner – SEB Eureka Fixed Income Relative Value, will compete for the “Best New European Hedge Fund” award. Adrigo Small & Midcap L/S and Nordic Cross Small Cap Edge have also been shortlisted in this award category, which includes five other non-Nordic hedge funds.

Danske Invest Hedge Fixed Income Strategies Fund, Nykredit Kobra Hedge Fund, and Sector Healthcare Fund made the list of nominees in the “Best European Relative Value Hedge Fund” category. Ress Life Investments, a life settlement hedge fund investing in the secondary market for U.S. life insurance policies, has been shortlisted for the “Best ILS Focused Hedge Fund” category alongside six other funds.

Shepherd Energy Portfolio, the multi-strategy trend-follower investing in the Nordic market for electricity futures that was recognized as the Best Nordic CTA of 2018 at the Nordic Hedge Award, has been shortlisted in the “Best Europe-based CTA/Managed Futures Hedge Fund” category at the Global Hedge Fund Awards. IPM Systematic Macro Fund, runner-up in HedgeNordic´s “Best Nordic CTA” category, will compete for the “Best Europe-based Macro Hedge Fund” award.

Capital Four Credit Opportunities Fund has been shortlisted in the “Best European Fixed Income Hedge Fund” category, while Norron Select is among the nominees for the “Most Consistent UCITS Hedge Fund” award. The 11 shortlisted Nordic hedge funds are part of the group of 250 funds nominated across multiple award categories in the universe of more than 13,000 hedge funds reporting to Eurekahedge’s hedge funds database.

The nominees were selected via voting by an independent panel of judges comprised of public and private pension funds, as well as leading funds of hedge funds. The winners of the Global Hedge Fund Awards, to be selected by the panel of judges based on both quantitative and qualitative aspects, will be announced on June 3rd. The quantitative metrics mainly include recent performance, as well as multi-year risk-return metrics.

A summary of the Nordic hedge funds shortlisted for the Global Hedge Fund Awards:

• Best European Relative Value Hedge Fund: Danske Invest Hedge Fixed Income Strategies Fund, Nykredit Kobra Hedge Fund, and Sector Healthcare Fund;
• Best ILS Focused Hedge Fund: Ress Life Investments;
• Best Europe-based CTA/Managed Futures Hedge Fund: Shepherd Energy Portfolio;
• Best European Fixed Income Hedge Fund: Capital Four Credit Opportunities Fund;
• Best Europe-based Macro Hedge Fund: IPM Systematic Macro Fund;
• Best New European Hedge Fund: Adrigo Small & Midcap L/S, Nordic Cross Small Cap Edge, and SEB Eureka Fixed Income Relative Value;
• Most Consistent UCITS Hedge Fund: Norron Select.

Picture © Masson—shutterstock