Stockholm (HedgeNordic) – HedgeNordic is pleased to announce the winners at the 2021 Nordic Hedge Award. For the tenth edition of the Nordic Hedge Award, we are pleased to have gathered the Nordic hedge fund community the old fashioned way: meeting old friends and making new connections with drinks and laughs, exchanging business cards and war stories in the flesh – all while celebrating outstanding talent and achievement in the Nordic hedge fund arena.
The winners at the 2021 Nordic Hedge Award were selected in a three-step process. First, a model co-developed with the Swedish House of Finance at the Stockholm School of Economics selected the top five funds in each of the five “strategy” categories within the universe of funds in the Nordic Hedge Index (only funds with a track record of more than three years). The model calculates a “quantitative” score for each fund based on several parameters such as short- and longer-term absolute, relative and risk-adjusted returns, as well as skewness in returns as a measure of downside risk. The top five funds across the entire universe were also nominated in the “Best Nordic Hedge Fund Overall” category. Second, a jury board comprised of industry professional assigned a “qualitative” score to each fund. Third, the quantitative and qualitative scores were equally weighted and added to create the final results and rankings.
There are two extraordinary categories where a different approach is taken to determine the winners. The Performance award solely compares pure net performance as the one and only factor to determine the ranking. Performance awards are awarded for the highest cumulative performance over 12, 36 and 60 months. And finally, the best new Nordic hedge fund is determined by other Nordic hedge fund managers, making the “Rookie of the Year” award a peer group distinction.
Congratulations to all winners at the 2021 Nordic Hedge Award:
Best Nordic Equity Hedge Fund – Supported by AMX:
1. Alcur Select
2. Accendo Capital
3. Lucerne Nordic Fund
Best Nordic Fund of Hedge Funds – Supported by RBC Investor & Treasury Services:
1. Secure Hedge
2. AIM Diversified Strategies
3. R2 Crystal
Best Nordic Managed Futures Fund / CTA – Supported by Efficient Capital:
1. Estlander & Partners Freedom
2. Volt Diversified Alpha Fund
3. Lynx (Sweden)
Best Nordic Fixed-Income Hedge Fund – Supported by Harvest Advokatbyrå:
1. SEB Eureka Fixed Income Relative Value
2. Danske Invest Hedge Fixed Income Strategies
3. Scandinavian Credit Fund I
Best Nordic Multi-Strategy Hedge Fund – Supported by Northern Trust:
1. Nordea 1 – Alpha 15 MA
2. Ress Life Investments
3. Othania Etisk Formuevækst
Performance Awards – Supported by Virtu Financial:
12 Months: Borea Utbytte
36 Months: Accendo Capital
60 Months: Lucerne Nordic Fund
Rookie of the Year 2021 – Supported by Swedish House of Finance:
Winner: Borea Utbytte, Borea Asset Management
Best Nordic Hedge Fund Overall – Supported by CME Group:
1. Alcur Select
2. Accendo Capital
3. Lucerne Nordic Fund
Congratulations from all of us at HedgeNordic and our supporting partners.
