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Voted Best Two Years in a Row

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Stockholm (HedgeNordic) – Low-net long/short equity fund Alcur has been named the “Hedge Fund of the Year” by Swedish business magazine Privata Affärer for a second consecutive year. Alcur, which reached its 15-year anniversary this January, returned 5.3 percent in 2021 following an advance of 18.8 percent in 2020, the fund’s best year on record.

“The hedge fund Alcur manages to live up to the “market-neutral” label and becomes the Hedge Fund of the Year for the second year in a row,” writes Privata Affärer. Motivating the decision to grant Alcur the “Årets Hedgefond” award for a second consecutive year, Privata Affärer’s jury board, led by Privata Affärer’s editor-in-chief Per Hammarlund, says that the award goes to “the hedge fund that holds positions with good returns at low risk.”

“The hedge fund Alcur manages to live up to the “market-neutral” label and becomes the Hedge Fund of the Year for the second year in a row.”

Privata Affärer’s jury board picked the winners across several categories based on return and risk measures for 2021 and the previous three years. Alcur Fonder’s oldest hedge fund, Alcur, generated an annualized return of 10.6 percent in the three years through the end of last year to reach a three-year Sharpe ratio of 2.73. The fund has generated an annualized 5.6 percent since launching in January of 2007.

Alcur, which runs a long/short equity strategy with low net market exposure, reached its 15th anniversary in January this year. “These days, our first fund turns 15 years old,” the Alcur team commented on reaching this milestone back in January. “The strategy has been established since the start, but the importance of being adaptable to different market conditions cannot be overemphasized.”

Alcur Fonder’s younger and more aggressive small-cap-focused equity fund, Alcur Select, ended 2021 up 25.8 percent after booking a full-year advance of 70 percent in 2020 and about 51 percent in 2019. The long-biased equity fund managed by a Stockholm-based team led by Wilhelm Gruvberg has delivered an annualized return of 35.5 percent since launching in May 2018 through the end of January this year.

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Eugeniu Guzun
Eugeniu Guzun
Eugeniu Guzun serves as a data analyst responsible for maintaining and gatekeeping the Nordic Hedge Index, and as a journalist covering the Nordic hedge fund industry for HedgeNordic. Eugeniu completed his Master’s degree at the Stockholm School of Economics in 2018. Write to Eugeniu Guzun at eugene@hedgenordic.com

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