Stockholm (HedgeNordic) – Sissener Canopus and Nordea’s Alpha 15 MA Fund have once again clinched awards at the Hedge Fund Journal’s 2024 UCITS Hedge Awards for the third consecutive year.
The winners across various strategy categories at the UCITS Hedge Awards, spanning different time horizons, are determined by risk-adjusted returns based on data provided by LuxHedge. The team at the Hedge Fund Journal contacts the best performers and invites them to participate in the awards. If a winning fund or manager declines to participate, the Hedge Fund Journal scraps the award category without reaching out to the next best performer.
Sissener Canopus, managed by Jan Petter Sissener and his team at Sissener in Oslo, was named the best performing fund over ten years in the “Equity Long/Short (Global) – Discretionary” category. Employing a discretionary long/short equity strategy focused on bottom-up stock picking, Sissener Canopus has delivered an annualized return of 11.3 percent since its launch in May 2012 and an annualized 10.2 percent over the past decade.
“This accolade is a testament to the consistent returns we have delivered over the past decade,” Jan Petter Sissener comments on the recognition at the 2024 UCITS Hedge Awards. “Our success lies not only in selecting the right equities but also in effectively mitigating downside risks during adverse market conditions.” Operating as a directional long/short equity fund with downside protection, Sissener Canopus incurred only one down year (a 5.6 percent decline in 2018) in its nearly 12-year history. The fund returned an annualized 9.9 percent in the past five years, reflecting an 8.2 percent advance in the challenging market conditions of 2022.
Nordea 1 – Alpha 15 MA Fund, a multi-asset, multi-strategy fund harvesting different risk premia, was selected as the best-performing fund over the seven and ten years in the “Alternative Risk Premia” category. The Alpha 15 fund is part of Nordea Asset Management’s Alpha Solutions family. This product suite also includes the Alpha 7 MA and Alpha 10 MA funds, all sharing the same investment approach but exhibiting different risk-return profiles.
The three funds, managed by Nordea’s multi-asset investment team headed by Asbjørn Trolle Hansen, combine several low-correlated strategies to capture both traditional and non-traditional risk-premia return drivers. Despite experiencing relatively challenging years in 2022 and 2023, Nordea 1 – Alpha 15 MA Fund has delivered an annualized return of 6.1 percent over the ten years ending in 2023.
