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The Winners at the 2021 Nordic Hedge Award

Report: Systematic Strategies

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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.

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Kamran Ghalitschi
Kamran Ghalitschi
Kamran has been working in the financial industry since 1994 and has specialized on client relations and marketing. Having worked with retail clients in asset management and brokerage the first ten years of his career for major European banks, he joined a CTA / Managed Futures fund with 1,5 Billion USD under management where he was responsible for sales, client relations and operations in the BeNeLux and Nordic countries. Kamran joined a multi-family office managing their own fund of hedgefunds with 400 million USD AuM in 2009. Kamran has worked and lived in Vienna, Frankfurt, Amsterdam and Stockholm. Born in 1974, Kamran today again lives in Vienna, Austria.

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