Stockholm (HedgeNordic) – Each year, the Nordic hedge fund industry is represented by around a dozen individual hedge funds at the annual EuroHedge Awards in London. This year, Danske Bank Asset Management stands out as a contender for the “Management Firm of the Year” award, competing alongside heavyweights such as BlackRock and Marshall Wace. Furthermore, two of Danske’s hedge funds have been shortlisted as finalists in separate categories.
“Great news! Our hedge fund franchise has been nominated for three prestigious EuroHedge Awards for 2024,” announces the team at Dansk Bank Asset Management on LinkedIn. “These nominations are a significant testament to the strong results our liquid alternatives platform delivered last year and a great recognition of the hard work our portfolio managers dedicate to the funds on behalf of clients,” adds Thomas Otbo, CIO at Danske Bank Asset Management. “They consistently strive to enhance their investment strategies.”
“These nominations are a significant testament to the strong results our liquid alternatives platform delivered last year and a great recognition of the hard work our portfolio managers dedicate to the funds on behalf of clients.”
Thomas Otbo, CIO at Danske Bank Asset Management.
Danske Bank Asset Management has established a strong hedge fund franchise, managing €4.4 billion across three fixed-income hedge fund strategies and three multi-asset liquid alternatives. Among its fixed-income offerings, Danske Invest Fixed Income Global Value, which manages €1.03 billion of the total €2.9 billion in this segment, has been shortlisted for the “Fixed Income” category at the EuroHedge Awards 2024. Nordic hedge funds dominate this category, with other finalists including Asgard Fixed Income Fund, Caba Hedge, Nordkinn Fixed Income Macro, and Ridge Capital Northern Yield.
Danske Bank’s multi-asset liquid alternatives, part of the Quant & Overlay department, are also featured at the 2024 EuroHedge Awards. Danske Invest Global Cross Asset Volatility, a multi-asset, multi-strategy fund employing volatility-related strategies, has been shortlisted in the “Volatility & Options” category. Managed by Chief Portfolio Manager Jacob Øland Jensen, the fund achieved its strongest annual performance in 2024, with a return of 10.8 percent, surpassing its previous record of 10.3 percent set just the year before.
Although not nominated for a EuroHedge Award, Danske Invest Global Alternative Opportunities, a second product within the bank’s multi-asset liquid alternatives range, has also delivered strong performance since its launch in August 2022. The fund, which aims to capture true alternative risk premia across multiple asset classes, gained 3.3 percent by the end of 2022, followed by a 6.6 percent return in 2023 and an additional 6.8 percent in 2024.
