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
GLOBAL EQUITY – under $500m
GLOBAL EQUITY – over $500m
SPECIALIST SECTOR EQUITY
UCITS – MACRO, FIXED INCOME & RELATIVE VALUE
CONVERTIBLES & VOLATILITY
Danske Invest Global Cross Asset Volatility
EVENT DRIVEN
FIXED INCOME
Nordkinn Fixed Income Macro Fund
SEB Eureka Fixed Income Relative Value
MULTI-STRATEGY
EMERGING MANAGER & SMALLER FUND – EQUITY STRATEGIES
Proxy Renewable Long/Short Energy
EMERGING MANAGER & SMALLER FUND – MACRO, FIXED INCOME & RELATIVE VALUE
NEW FUND OF THE YEAR – MACRO, FIXED INCOME & RELATIVE VALUE
LONG TERM PERFORMANCE (5 years) – MACRO, FIXED INCOME & RELATIVE VALUE
Danske Invest Hedge Fixed Income Strategies Fund
LONG TERM PERFORMANCE (20 years) – MANAGED FUTURES