Stockholm (HedgeNordic) – One of the first distinctions up for grabs in the lifecycle of a newly launched Nordic hedge fund is “The Best New Nordic Hedge Fund Launch”, known by its petname “Rookie of the Year.”
The best Rookies are determined by the combined scoring of a jury board of fellow Nordic hedge fund managers, making this a peer group award. For the 2020 Rookie of the year, the Rookie jury consists of Henrik Fournais, from the reigning reigning Rookie HP Hedge Fixed Income, Martin Estlander of Estlander & Partners, Mette Østerbye Vejen from CABA Capital, Michael Ekelund of Atlant Fonder and Jonas Martenson of Resscapital, last year´s winner of the prestigous “Best Nordic Hedge Fund – Overall”
The jury selects what is in their opinion the most promising hedge fund debut of the passing year by considering a host of qualitative assessments at the discretion of jury members. The jury is asked to consider things such as:
- Which of the qualifying funds would I, personally or for the fund portfolio/selection I am responsible for, be most comfortable investing in, despite its short track record and likely small size?
- Which of the funds is likely and positioned to build a respectable and outstanding, long-lasting and robust track record?
- Which of the funds is likely to have a meaningful impact on the Nordic hedge fund universe (potential to be “star manager”, sizeable assets)?
- Which of the funds is positioned to be a “billion Dollar Fund” (if that is even desired or the intention, within the capacity of the strategy)?
The 2020 Nordic hedge fund Rookie of the Year will be presented by Harvest Advokatbyrå on April 23 in a virtual ceremony. For the 2020 Nordic Hedge Award, these funds meet the qualification criteria and are in the races for the Nordic hedge fund Rookie of the Year:
Qualified Funds
| Adaptive Paradigm Alpha | Antiloop Hedge | Coeli Multi Asset | DNB Fund Multi Asset |
| Frost | Lynx Constellation | Mandatum Life Managed Futures | NS Quant |
| Othania Bæredygtig Makro | PriorNilsson Balans |
The previous winners of this category to the Nordic Hedge Award were:
| Year | Fund | Management Company | Portfolio Manager |
|---|---|---|---|
| 2023 | Norselab Meaningful Impact High Yield | Norselab Credit Management | Tom Hestnes and Ole Einar Stokstad |
| 2022 | Protean Select | Protean Funds Scandinavia | Pontus Dackmo and Carl Gustafsson |
| 2021 | Borea Utbytte | Borea Asset Management | Magnus Vie Sundal |
| 2020 | Frost | Frost Asset Management | Martin Larsén and Anders Augusén |
| 2019 | HP Hedge Fixed Income | HP Fondsmæglerselskab | Henrik Fournais |
| 2018 | SEB Eureka Fixed Income Relative Value | SEB | Bo Michael Andersen |
| 2017 | Asgard Credit Fund | Momas Advisors | Daniel Vesterbaek Pedersen |
| 2016 | Scandinavian Credit Fund I | Skandinaviska Kreditfonden AB | Fredrik Sjöstrand |
| 2015 | Elementa | Elementa Management AB | Marcus Wahlberg |
More info and background on the “Nordic Hedge Fund Rookie of the Year” can be found here: Rookie
The 2020 Nordic Hedge Award will be held virtually in the week from April 19-23 with the support of:
