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Nominations for the 2023 Nordic Hedge Award

Stockholm (HedgeNordic) – HedgeNordic is delighted to announce the nominees for the 2023 Nordic Hedge Award. The annual event aims to distinguish outstanding hedge fund managers from and active in the Nordic region. Nominees were determined using a quantitative model developed in cooperation with the Swedish House of Finance at the Stockholm School of Economics.

All funds listed in the Nordic Hedge Index with a minimum track record of 36 months are eligible for consideration in the main award categories at the Nordic Hedge Award. The selection process relies on a model that translates a set of performance-related metrics for each fund into a quant score. These metrics include last year’s absolute performance, relative performance in 2023 (respective to relevant NHX sub-categories), as well as Sharpe ratio, skewness (as a measure of downside risk), and absolute performance over a 36-month period.

Each of these five metrics has different weights in the model. The five funds with the highest quant scores in each category are nominated for the Nordic Hedge Award. The list of nominees is handed to a jury board comprised of Nordic allocators (view this year’s jury board), who provide a qualitative-based scoring for each fund to determine the final ranking. Awards will be presented to the top three ranked funds of each category.

The winners of each category, including the “Best Nordic Hedge Fund” of 2023, will be presented with awards at the event of the 2023 Nordic Hedge Award, which takes place on April 24th, 2024, in Stockholm. Below is the complete list of nominees.

The Nordic Hedge Award is supported by these fine entities:

Nominees – Best Nordic Equity Hedge Fund 2023
StatusFundManagerCountry
NominatedBorea UtbytteBorea Asset ManagementNorway
NominatedOAM Absolute Return FundOslo Asset ManagementNorway
NominatedOceanic Hedge FundOceanic Investment ManagementNorway
NominatedPareto TotalPareto Asset ManagementNorway
NominatedSector Zen FundSector Asset ManagementNorway
All funds listed in alphabetical order
Nominees – Best Nordic Fixed-Income Hedge Fund 2023
StatusFundManagerCountry
NominatedCapital Four Structured Credit Opportunities FundCapital Four ManagementDenmark
NominatedCarnegie Credit EdgeCarnegie FonderSweden
NominatedDanske Invest Fixed Income Global ValueDanske Bank Asset ManagementDenmark
NominatedDanske Invest Fixed Income Relative ValueDanske Bank Asset ManagementDenmark
NominatedDanske Invest Hedge Fixed Income StrategiesDanske Bank Asset ManagementDenmark
All funds listed in alphabetical order.
Nominees – Best Nordic Diversified Hedge Fund 2023
StatusFundManagerCountry
NominatedAgenta Alternativa InvesteringarAgenta Investment ManagementSweden
NominatedDanske Invest Global Cross Asset VolatilityDanske Bank Asset ManagementDenmark
NominatedFormuepleje PentaFormuepleje Fund ManagementDenmark
NominatedRess Life InvestmentsResscapitalSweden
NominatedSvelland Global Trading FundSvelland CapitalNorway
All funds listed in alphabetical order.
Nominees – Best Nordic Managed Futures / CTA Fund 2023
StatusFundManagerCountry
NominatedCalculo Evolution FundCalculo CapitalDenmark
NominatedEstlander & Partners FreedomEstlander & PartnersFinland
NominatedLynxLynx Asset ManagementSweden
NominatedMandatum Managed Futures FundMandatum Asset ManagementFinland
NominatedRPM Evolving CTA FundRPM Risk & Portfolio ManagementSweden
All funds listed in alphabetical order.
Nominees – Best Nordic Multi-Manager Hedge Fund 2023
StatusFundManagerCountry
NominatedAIM Diversified Strategies FundAIM CapitalFinland
NominatedDNB Fund Multi AssetDNB Asset ManagementNorway
NominatedPriorNilsson BalansPrior&Nilsson FonderSweden
NominatedR2 Crystal FundOP Fund ManagementFinland
NominatedSecure HedgeSecure SpectrumDenmark
All funds listed in alphabetical order.
Nominees – Best Nordic Hedge Fund (Overall) 2023
StatusFundManagerCountry
NominatedBorea UtbytteBorea Asset ManagementNorway
NominatedOAM Absolute Return FundOslo Asset ManagementNorway
NominatedPareto TotalPareto Asset ManagementNorway
NominatedSector Zen FundSector Asset ManagementNorway
NominatedSvelland Global Trading FundSvelland CapitalNorway
All funds listed in alphabetical order

More details about the Nomination Process at the Nordic Hedge Award

Congratulations to all nominated funds!

The Nordic Hedge Award is supported by these fine entities:

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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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