Stockholm (HedgeNordic) – Hedgeweek announced the winners of the Hedgeweek European Emerging Manager Awards in London last week on November 14, recognizing several Nordic managers. Among the honorees were Danish fixed-income manager CABA Capital, Danish systematic manager Othania, and Norwegian commodity-focused Svelland Capital.
The winners were selected through an online poll conducted among Hedgeweek’s user base, where participants voted on shortlisted firms and funds in each category. These shortlists were determined by Hedgeweek based on the highest compounded annualized return metrics within each manager category and track-record cohort.
CABA: Credit Newcomer
Danish boutique CABA Capital won “Credit Newcomer of the Year: 12 Months” for its CABA Flex fund. Launched in December of 2022 as a closed-end fund with a three-year lifespan targeting risk premiums in Scandinavian mortgage bonds, CABA Flex has delivered a 34 percent cumulative return since inception, including a 17.2 percent return over the past 12 months alone. “We are all humbled and honored by this recognition,” says Torben Frederiksen, Client Relations Director at CABA Capital.
Following the success of CABA Flex, the firm launched CABA Flex2 in the summer of 2024. This new fund follows a similar structure, targeting attractive returns through leveraged exposure to AAA-rated Scandinavian mortgage bonds. CABA Flex2 is domiciled in Luxembourg as a Reserved Alternative Investment Fund (RAIF).
Othania: Multistrategy Emerging Manager
Othania Balanceret Makro, an all-in-one fund blending stocks, bonds, and alternatives, won the category “Multistrategy Emerging Manager: 36 Months.” Launched in September 2020 by Danish boutique Othania, the fund has delivered an annualized return of 7.3 percent since inception. Othania Balanceret Makro employs a global balanced investment strategy blending active and passive management to create “a one-stop product that combines all thinkable asset classes into one.”
“On behalf of both ourselves and our clients, we are proud of the international recognition that confirms our ambition for the fund: to deliver attractive absolute and risk-adjusted returns that are consistently among the best in Europe,” comments the Othania team, consisting of Vincent Larsen, CIO and co-founder alongside his younger brother Christian.
Svelland: Global Macro Newcomer
Svelland Global Trading Fund led by Norwegian Tor Svelland was voted “Global Macro Newcomer of the Year: 12 Months.” The long/short equities- and commodities-focused fund has been the best-performing hedge fund in the Nordics in the past five years with an annualized return of 27.3 percent, with 23.1 percent achieved in the last 12 months alone.
Now managing $750 million at the strategy level, Svelland Global Trading Fund is rapidly approaching its $1 billion cap, solidifying its position as one of the most successful hedge funds in the Nordics in recent years.
