Nordea’s Flagship Alpha Fund Distinguished Again

Stockholm (HedgeNordic) – Refinitiv has announced the winners of the Nordic Lipper Fund Awards 2020, with the long list of winners across many categories featuring one member of the Nordic Hedge Index. Nordea’s Alpha 10 MA Fund, a multi-asset, multi-strategy fund managed by Nordea’s multi-asset investment team, was recognized as the best fund over five years in Lipper’s EUR-denominated high-risk “Absolute Return” category in the Nordics.

Alpha 10 MA Fund, which uses a multi-asset approach to capture both traditional and non-traditional risk-premia return drivers, received similar awards this year in France, Switzerland, and the United Kingdom. Last year, the fund was named the best fund over three years in the same “Absolute Return” category in the Nordics and collected similar awards in Germany, the United Kingdom, Switzerland, and Austria. The Lipper Fund Awards recognize funds and fund management firms for providing consistently strong risk-adjusted performance relative to industry peers. Funds registered for sale in a respective region qualify for each region’s Lipper Fund Awards. Only funds with track records of at least 36 months compete for the awards.

Alpha 10 MA Fund is one of the three Alpha products managed by Nordea’s multi-asset investment team headed by Asbjørn Trolle Hansen (pictured). Nordea’s Alpha family – comprised of Alpha 7 MA Fund, Alpha 10 MA Fund and Alpha 15 MA Fund – all share the same investment approach but exhibit different risk-return profiles. The flagship product, Alpha 10 MA Fund, had €2.7 billion in assets under management at the end of March. The three-fund family managed over €5 billion in assets at the end of last month.

The three funds use several types of low-correlation strategies to provide dynamic exposure to multiple asset classes. By combining a wide range of strategies, some of which perform well in risk-off environments while others perform better in risk-on environments, the Alpha fund family tends to exhibit low correlation to traditional asset classes.

The entire suite posted solid gains in March. “The Alpha 15 MA, Alpha 10 MA and Alpha 7 MA funds delivered positive returns of 4.87 percent, 3.31 percent and 2.1 percent respectively over the month, and they now accumulate respective performance of 2.69 percent, 1.71 percent and 0.91 percent” year-to-date through the end of March, writes Nordea’s multi-asset team in a monthly update to investors. “This remarkable resilience illustrated the strong diversification and protection potential of the Alpha funds during the biggest stress test ever for modern financial markets.”

Alpha 15 MA Fund, the most aggressive member of the family, was among the top ten best performing members of the Nordic Hedge Index in March. Alpha 10 MA Fund gained 4.4 percent year-to-date through April 15 after gaining an additional 2.6 percent month-to-date.

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About Author

Eugeniu Guzun serves as a data analyst responsible for maintaining and gatekeeping the Nordic Hedge Index (NHX), as well as being a novice columnist covering the Nordic hedge fund industry for HedgeNordic. Prior to joining HedgeNordic, Eugeniu had served as a columnist for a U.S. journal covering insider trading activity, activist campaigns and hedge fund moves. Eugeniu completed his Master’s degree at the Stockholm School of Economics in 2018.

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