Stockholm (HedgeNordic) – With Intelligence has released the first round of nominations for the EuroHedge Awards 2022, with the list featuring seven Nordic hedge funds. Amid a difficult fixed-income market environment in 2022, Norwegian hedge funds Borea Hoyrente and KLP Alfa Global Rente were the only two funds shortlisted in the “Fixed Income” category at the 2022 EuroHedge Awards.
There will be two further rounds of nominations in December and January, with the final shortlist for the EuroHedge Awards 2022 to be confirmed with the January nominations. The nominees and winners are determined based on a combination of Sharpe ratios and absolute returns. This quantitative-focused process aims to reflect two primary objectives of hedge funds: manage volatility and deliver positive returns for investors. The winners will be presented at an awards ceremony in London on February 9.
KLP Alfa Global Energy, an energy-focused market-neutral equity fund under the umbrella of Norwegian pension provider KLP, has been shortlisted in the “Equity Market Neutral & Quantitative Strategies” category at the EuroHedge Awards 2022. The fund gained 12.5 percent in the first ten months of 2022. The second hedge fund at KLP, fixed-income-focused KLP Alfa Global Rente, has been included in the list of two nominees in the “Fixed Income” category alongside its Norwegian peer Borea Høyrente. KLP Alfa Global Rente and Borea Høyrente are two of the few Nordic fixed-income hedge funds in positive territory for the year.
Lynx Asset Management’s trend-following vehicle Lynx, the best-performing Nordic hedge fund over the first ten months of 2022 with an advance of 47 percent, has been shortlisted in the “Managed Futures – over $500m” category at the 2022 EuroHedge Awards. SEB’s quant-driven trend-follower, SEB Asset Selection, has been included among the nominees in the “UCITS – Macro, Fixed Income & Relative Value” award category. SEB Asset Selection is up 24 percent over the first ten months of this year.
An additional two equity-focused hedge funds from the Nordic universe have been shortlisted at the 2022 EuroHedge Awards. Oslo-based energy-focused equity fund OAM Absolute Return has been nominated in the “Specialist Equity” category, while DNB Fund TMT Long/Short Equities features in the list of nominees for the “UCITS – Equity Strategies” category. Both funds are among this year’s top ten best-performing members of the Nordic Hedge Index, with OAM Absolute Return gaining 29 percent over the ten months of 2022 and DNB TMT Long/Short Equities advancing 15.5 percent.
Apart from Lynx, two more underlying managers within Brummer Multi-Strategy (BMS) have received nominations at the EuroHedge Awards 2022. Alternative markets trend-follower Florin Court Capital, backed by Brummer & Partners, has seen its Florin Court Capital Programme shortlisted in two award categories: “Managed Futures – over $500m” and “Long Term Performance (5 Years) – Macro, Fixed Income & Relative Value.” Kersley Street Capital’s Kersley Financials Fund has been shortlisted in the “European Equity – over $500m” award category. Launched in September 2021 with the backing of Brummer & Partners, Kersley Street Capital is a market-neutral equity sector specialist focused on financials. Its fund advanced 9.0 percent year-to-date through mid-November. BMS currently has a 22 percent allocation to Florin Court and a 19 percent allocation to Kersley Financials Fund.