Stockholm (HedgeNordic) – Two members of the Nordic Hedge Index running systematic strategies, Othania Invest and Mandatum Managed Futures Fund, have received recognition at the Hedge Fund Journal’s CTA and Discretionary Trader Awards 2022.
Othania Invest, the inaugural fund of Danish systematic asset manager Othania, was named the best performing fund in 2021 and over the previous three and four years in the category “Systematic Fundamental Macro.” The fund relies on a quant-based risk-assessment model to allocate capital either into equity or bond exchange-traded funds (ETFs) every month. The model called Tiger decides on an all-in or all-out allocation to equities by estimating the risk level in equity markets for the coming month using indicators on economic activity, interest rates and stock market movements.
“This is now the fourth international award we win with the TIGER model. And it confirms once again that our systematic and objective approach works well both on an absolute as well as a relative basis.”
“This is now the fourth international award we win with the TIGER model,” comments Christian Mørup-Larsen, who co-founded Othania with his older brother Vincent Dilling-Larsen. “And it confirms once again that our systematic and objective approach works well both on an absolute as well as a relative basis,” he continues. “This is a very big day for us at Othania and we would like to send a big thank you to all our investors and partners who believe in our strategy – and not least, in us.”
Mandatum Managed Futures Fund, which uses machine learning algorithms to select the right combination of trading models based on the changing nature of volatility, was named the best performing fund over the previous two years in the category “Trend Follower (Flat Fee).” Launched in late December of 2019, the artificial intelligence-assisted trend-follower gained 5.7 percent in 2020 and an additional 10.4 percent in 2021. Mandatum Managed Futures Fund is now up 6.7 percent in 2022 after advancing 8.9 percent in the first half of June.
