Stockholm (HedgeNordic) – Eight Nordic hedge funds have been recognized as “Top Performer” winners at the Investors Choice Awards 2020 in the EMEA (Europe, the Middle East, and Africa) region. These funds will compete for the “Investors Choice” awards in their respective categories. The now-closed equity long/short fund Bodenholm received “Investors Choice” awards two years in a row.
There are two types of awards handed out by Allocator, the data platform organizing the Investors Choice Awards. The “Top Performer” awards are granted to a select few funds that outperformed their wider peer group, with the winners determined purely based on risk-adjusted returns. For this year’s edition of the Investors Choice Awards, the time period under consideration was extended to include both 2019 and the COVID-19-related market turbulence. The “Top Performer” award winners at this year’s edition are chosen based on risk-adjusted returns from January 2019 to the end of April 2020, whereas the “Long Term” categories consider returns from January 2017 to April 2020.
The “Investors Choice” awards, meanwhile, are given to the funds that receive the highest qualitative scoring – assigned by a jury board of independent institutional investors – in their respective categories. A panel of institutional investors scores the “Top Performers” on a range of qualitative criteria such as investment processes, risk framework, transparency, team and ability to generate alpha.
Rhenman Healthcare Equity L/S, Asgard Fixed Income Fund and Accendo Capital were distinguished as “Top Performers” in two different categories at the Investors Choice Awards 2020. Eight members of the Nordic Hedge Index feature among “Top Performer” winners and will compete for the main prizes in their respective categories:
Specialist Equity Fund: Rhenman Healthcare Equity L/S (and four other contenders);
Credit Fund over $500m: Nordkinn Fixed Income Macro Fund (and two other contenders);
Credit Fund under $500m: Asgard Fixed Income Fund (and four other contenders);
Event Driven Fund: Accendo Capital (and five other contenders);
Managed Futures Fund: Lynx Fund (and four other contenders);
Event Driven Fund – Long Term Performance: Accendo Capital (and four other contenders);
Best Smaller Equity Fund: Elementa (and six other contenders).
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