Stockholm (HedgeNordic) – HedgeNordic is pleased to announced the winners of the Nordic Hedge Award 2018. The Nordic Hedge Award is designed to celebrate the best and most promising Nordic hedge funds that manage to maintain high levels of absolute and risk-adjusted returns over a longer period of time.
All winners were selected in a three-step process. First, out of the around 170 hedge funds in the Nordic hedge fund universe, the top five or six funds (we saw very close scores between fifth- and sixth-ranked funds) per award category were shortlisted using a model co-developed by Nordic Business Media and the Swedish House of Finance / Stockholm School of Economics. The model uses several parameters such as both short- and longer-term absolute, relative and risk-adjusted returns, as well as skewness in returns as a measure of downside risk. Second, each member of a judging panel comprised of industry professionals gave scores for each fund. Third, the quantitative and qualitative scores are combined to create the final results and rankings.
The three best-ranked funds per award category and the respective winners are:
Best Nordic Equity Hedge Fund – Supported by Northern Trust
Best Nordic Fund of Hedge Funds – Supported by RBC Investor & Treasury Services
Best Nordic Managed Futures / CTA – Supported by Efficient Capital Management
Best Nordic Fixed Income Hedge Fund – Supported by Harvest Advokatbyrå
Best Nordic Multi-Strategy Hedge Fund – Supported by Stockholm School of Economics / SHoF
Rookie of the Year 2018 – Supported by HedgeNordic
Winner: SEB Eureka Fixed Income Relative Value, SEB.
Performance Awards – Supported by AIMA
12 Months: Gladiator Fond
36 Months: Gladiator Fond
60 Months: Rhenman Healthcare Equity L/S
Best Nordic Hedge Fund Overall 2018 – Supported by CME Group