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Hedgeweek Awards for Svelland and Proxy

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Stockholm (HedgeNordic) – Hedgeweek has announced the winners of the Hedgeweek European Awards 2023, with the list of winners including two Nordic hedge funds: Svelland Global Trading Fund and Proxy Renewable Long/Short Energy.

The winners at the Hedgeweek European Awards 2023 were determined in an online poll of the Hedgeweek userbase. Voters were asked to make their choice among shortlisted funds in various categories, with the initial nominations based on performance over the 12-month period from May 31, 2021 to May 31, 2022. Nominations in various award categories were split by size and strategy as specified in the award name.

Svelland Global Trading Fund

Svelland Capital’s Svelland Global Trading Fund, last year’s best performing member of the Nordic Hedge Index with an advance of 46.6 percent, was voted “Best Macro Discretionary Strategy Hedge Fund” at the Hedgeweek European Awards 2023. Svelland Global Trading Fund of Norwegian Tor Svelland has generated an annualized return of 26.3 percent since launching in August 2017 using Svelland’s discretionary strategy reliant on deep fundamental analysis of physical commodity and associated freight markets.

“Winning the Best Macro Discretionary Strategy Hedge Fund at the Hedgeweek European Awards 2023 is a fantastic achievement and motivator for the Svelland Capital team,” says Tor Andre Svelland, the founder and CIO of the long/short equities- and commodities-focused fund. “We extend our gratitude to all those that voted for us. The support we received drives us to continue focusing on delivering best in class returns and client service to our valued investors.”

“We will not rest on our laurels and look forward to building on this success for our investors.”

The Svelland Capital team is fast approaching 100 investors in the Svelland Global Trading Fund. “The Hedgeweek award gives valuable weighting to our brand as we look to grow the business,” according to Svelland. While the commodity markets the team focuses on experience volatile times, “with our experience and expertise, this is an environment we thrive in,” says Svelland. “We will not rest on our laurels and look forward to building on this success for our investors.”

Proxy Renewable Long/Short Energy

Energy transition-focused Proxy Renewable Long/Short Energy was voted “Best Emerging Manager: Equity Hedge” at this year’s Hedgeweek European Awards. The long/short equity fund managed by Swedish boutique asset manager Proxy P Management ended 2022 among the ten best-performing hedge funds in the Nordics with a net-of-fees return of 24 percent for its SEK A share class. Proxy Renewable Long/Short Energy has generated an annualized net return of over 26.3 percent since launching in late 2018.

“Winning the award for Best Emerging Manager: Equity Hedge is a great achievement and recognition for Proxy P.”

“Winning the award for Best Emerging Manager: Equity Hedge is a great achievement and recognition for Proxy P,” comments Dan Lindström, founding partner and CIO of Proxy P. “It acknowledges the effort and skills managing the Proxy Long Short Renewable Energy fund, which is focused on energy transition and decarbonisation of the energy system,” he continues. “This award will further strengthen our reputation, increase visibility and credibility among investors. We continue to focus on delivering strong returns and demonstrate our expertise in global long/short equity investing.”

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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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