Announcing the Winners of the 2023 Nordic Hedge Award

Stockholm (HedgeNordic) – HedgeNordic proudly presents the winners at the 2023 Nordic Hedge Award. We are humbled to gather the Nordic hedge fund community at the award ceremony on the evening of April 24 in Stockholm. This event is continuing the tradition of fostering personal connections while honoring and celebrating outstanding talent and accomplishment in the Nordic hedge fund arena. A big round of applause to the distinguished winners recognized as the best Nordic hedge funds of 2023.

The winners at the 2023 Nordic Hedge Award were selected in a three-step process. First, a model co-developed with the Swedish House of Finance at the Stockholm School of Economics selected the top five funds in each of the five strategy categories in the Nordic Hedge Index (limited to funds with a track record exceeding three years). The model calculates a “quantitative” score for each fund based on several parameters such as short- and longer-term absolute, relative and risk-adjusted returns, as well as skewness in returns as a measure of downside risk. The top five funds across the entire universe were also nominated in the “Best Nordic Hedge Fund Overall” category. Second, a jury board comprised of industry professionals assigned a “qualitative” score to each fund. Third, the quantitative and qualitative scores were put on equal footing and combined to determine the final results and rankings.

Two extraordinary categories rely on a different approach to determine the winners. The Performance awards solely compare pure net performance as the only factor to determine the ranking. Performance awards are awarded for the highest cumulative performance over 12, 36, and 60 months. Finally, the best new Nordic hedge fund is determined by fellow Nordic hedge fund managers, making the “Rookie of the Year” award a peer-based distinction.

Congratulations to all winners at the 2023 Nordic Hedge Award!