Stockholm (HedgeNordic) – Three Nordic credit-focused funds have been shortlisted for this year’s Alt Credit EU Performance Awards, which honours credit hedge funds, CLO and private debt funds demonstrating exceptional growth and risk-adjusted returns. Norron Premium, Sissener Corporate Bond Fund and Ymer SC Fund 1 are among the shortlisted funds for the upcoming awards ceremony rewarding excellence in the European alternative credit industry.
The winners of the 2020 Alt Credit EU Performance Awards will be announced in a virtual awards ceremony on October 23. Norron Premium, one of the six funds under the umbrella of Swedish asset manager Norron Asset Management, has been shortlisted in the “Best European Credit UCITS Fund” category along with four other funds. Norron Premium, an actively managed fund primarily investing in Nordic interest-bearing instruments, returned 1.3 percent year-to-date through the end of August. In addition to Norron Premium, Norron Asset Management also runs three hedge funds, one long-only equity fund and an additional fixed-income fund.
Sissener Corporate Bond Fund, an actively managed fund focused on Nordic high yield bonds, has been shortlisted in the “Best European High Yield Fund” category and will compete for the main award with three other funds. The corporate bond fund ran by Philippe Sissener was launched in early 2019 under the umbrella of Sissener AS, founded by Norwegian household name Jan Petter Sissener. Sissener AS also manages an absolute return long/short equity fund called Sissener Canopus.
Structured credit fund Ymer SC Fund 1, launched by Stockholm-based asset manager Ymer SC in March of 2018, competes for the title of the best European structured credit fund at the 2020 Alt Credit EU Performance Awards. After launching its first structured credit fund in 2018, Ymer SC launched a second fund – called Ymer Alternative Credit – in January this year. The two structured credit funds are run by a team consisting of CEO Stefan Engstrand, Hubert Warzynski and Christian Fredriksson.