Stockholm (HedgeNordic) – EuroHedge has revealed the initial list of nominees for the EuroHedge Awards 2019, which will honour the outstanding performers of 2019. Six members of the Nordic Hedge Index feature among the initial nominations.
PriorNilsson Idea and Taiga Fund have been shortlisted in the “Specialist Equity” category alongside five other non-Nordic funds. Asgard Fixed Income Fund and Danske Invest Fixed Income Global Value, meanwhile, both feature in the “Fixed Income” category. IPM Systematic Currency Fund has been shortlisted in the “Commodity & Currency” category, while Lynx features in the “Managed Futures – Over $500m” category.
The EuroHedge Awards aim to recognize and reward the best risk-adjusted performers in the European hedge fund industry in 2019 across several categories, with nominations and eventual winners decided by an entirely quantitative process. The selection process is based on a combination of Sharpe ratios and absolute returns, aiming to reflect two primary aims of hedge funds: manage volatility and deliver positive returns.
The initial list of nominees is based on returns to the end of October, whereas the final list of nominations will be based on returns to the end of December. The final list of nominations for individual strategy categories is based on 12-month performance numbers from January 2019 to the end of December 2019, while nominations for the long-term performance awards are based on the five-year period from January of 2015 to December 2019. For the one-year award categories, only funds with assets under management above $100 million qualify.
The initial list of nominations is provisional and more funds may be shortlisted in two further updates in December and January. The winners of the nineteenth annual EuroHedge Awards will be announced and presented at a gala dinner in mid-February in London.
Four Nordic hedge funds received awards at last year’s edition of the EuroHedge Awards, which took place in late January this year. Adrigo Small & Midcap L/S received the “New Fund of the Year” award. Long/short equity fund Gladiator Fond won the top prize in the “Specialist Equity” category, while HP Hedge Danish Bonds was recognized as the best fixed-income hedge fund for its 2018 performance. Danske Invest Hedge Fixed Income Strategies shared the top prize with VR Global for long-term performance (ten years) in the category of macro, fixed-income and relative-value hedge funds.
Picture © HFM.