Growing Presence at EuroHedge Awards

Stockholm (HedgeNordic) – The updated list of nominees for the upcoming 2020 EuroHedge Awards features more Nordic names. Fixed-income relative-value fund Frost, which was shortlisted in the “Fixed Income” category in the first round of nominations, will also compete for the main prize in the “New Fund of the Year – Macro, Fixed Income & Relative Value” category.

Six additional members of the Nordic Hedge Index joined the initial list of nominees – which initially featured 19 different Nordic names – at the 2020 EuroHedge Awards. Long/short equity fund RAM One joined ALCUR Fund and Gladiator Fund in the list of nominees in the “Specialist Sector Equity” award category. Nordkinn Fixed Income Macro, the largest fixed-income hedge fund in the Nordics, was included in the Nordic-dominated “Fixed Income” category. This award category features nine nominees, five of which are members of the Nordic Hedge Index and an additional two are under the umbrella of Nordea: European Rates Opportunity Fund and Nordic Rates Opportunity Fund.

Finnish VISIO Allocator Fund joined Brummer Multi-Strategy in the “Multi-Strategy” category for the upcoming EuroHedge Awards. At the same time, Stockholm-based long/short equity fund Elementa was added to the “Emerging Manager & Smaller Fund – Equity Strategies” category alongside Formue Nord Markedsneutral and Proxy Renewable Long/Short Energy. Nordea 1 – Alpha 15, the most aggressive member of Nordea’s three-member Alpha family, and Nordic Cross Asset Management’s multi-strategy, multi-asset fund – Nordic Cross Stable Return – now feature among nominees in the “UCITS – Macro, Fixed Income & Relative Value” award category.

The updated list of nominees is based on returns to the end of November, with a further announcement in January to determine the final list. The updated list is still provisional and more funds may be shortlisted subsequently. Two Nordic fund shortlisted in the first round of nominations – Formuepleje Fokus and Formuepleje Safe – are no longer among the nominees for the 2020 EuroHedge Awards.

The EuroHedge Awards aims to highlight the best risk-adjusted performers in the European hedge fund industry, with the nominations and eventual winners decided by an entirely quantitative process based on a combination of Sharpe ratios and absolute returns. The updated summary of the Nordic hedge funds nominated for the 2020 EuroHedge Awards can be found below. Names marked in green are new additions to the original list of nominees announced in November.

EUROPEAN EQUITY – under $500m

Alcur Select

GLOBAL EQUITY – under $500m

KLP Alfa Global Energi

GLOBAL EQUITY – over $500m

Pareto Total

SPECIALIST SECTOR EQUITY

ALCUR Fund

Gladiator Fund

RAM One

UCITS – MACRO, FIXED INCOME & RELATIVE VALUE

Nordea 1 – Alpha 15

Nordic Cross Stable Return

CONVERTIBLES & VOLATILITY

Danske Invest Global Cross Asset Volatility

EVENT DRIVEN

Accendo Capital

FIXED INCOME

Asgard Fixed Income Fund

CABA Hedge

Nordkinn Fixed Income Macro Fund

Frost

SEB Eureka Fixed Income Relative Value

MULTI-STRATEGY

Brummer Multi-Strategy Fund

VISIO Allocator Fund 

EMERGING MANAGER & SMALLER FUND – EQUITY STRATEGIES

Formue Nord Markedsneutral

Proxy Renewable Long/Short Energy

Elementa

EMERGING MANAGER & SMALLER FUND – MACRO, FIXED INCOME & RELATIVE VALUE

Volt Diversified Alpha Fund

NEW FUND OF THE YEAR – MACRO, FIXED INCOME & RELATIVE VALUE

Frost

LONG TERM PERFORMANCE (5 years) – MACRO, FIXED INCOME & RELATIVE VALUE

Asgard Fixed Income Fund

Danske Invest Hedge Fixed Income Strategies Fund

LONG TERM PERFORMANCE (20 years) – MANAGED FUTURES

Lynx

 

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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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