Stockholm (HedgeNordic) – HedgeNordic is delighted to announce the nominees for the 2024 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 2024 (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 2024, will be presented with awards at the event of the 2024 Nordic Hedge Award, which takes place on April 9th, 2025, 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 2024
| Status | Fund | Manager | Country |
|---|---|---|---|
| Nominated | Chelonia Select | Nordic Archipelago Investments | Sweden |
| Nominated | Finserve Chelverton Thyra Fund | Finserve Nordic | Sweden |
| Nominated | Oceanic Hedge Fund | Oceanic Investment Management | Norway |
| Nominated | Pareto Total | Pareto Asset Management | Norway |
| Nominated | Sector Zen Fund | Sector Asset Management | Norway |
Nominees – Best Nordic Fixed-Income Hedge Fund 2024
| Status | Fund | Manager | Country |
|---|---|---|---|
| Nominated | Atlant Högräntefond | Atlant Fonder | Sweden |
| Nominated | Borea Kreditt | Borea Asset Management | Norway |
| Nominated | CABA Hedge | CABA Capital | Denmark |
| Nominated | Marselis Credit Fund | Fondsmæglerselskabet Marselis | Denmark |
| Nominated | PPIM Core Fixed Income | Petersen & Partners Investment Management | Denmark |
Nominees – Best Nordic Diversified Hedge Fund 2024
| Status | Fund | Manager | Country |
|---|---|---|---|
| Nominated | Atlant Edge | Atlant Fonder | Sweden |
| Nominated | Danske Invest Global Cross Asset Volatility | Danske Bank Asset Management | Denmark |
| Nominated | Othania Balanceret Makro | Othania | Denmark |
| Nominated | Ress Life Investments | Resscapital | Sweden |
| Nominated | Svelland Global Trading Fund | Svelland Capital | Norway |
| Nominated | Tidan Fund | Tidan Capital | Sweden |
Nominees – Best Nordic Managed Futures / CTA Fund 2024
| Status | Fund | Manager | Country |
|---|---|---|---|
| Nominated | Calculo Evolution Fund | Calculo Capital | Denmark |
| Nominated | Lynx | Lynx Asset Management | Sweden |
| Nominated | Lynx Constellation | Lynx Asset Management | Sweden |
| Nominated | Mandatum Managed Futures Fund | Mandatum Asset Management | Finland |
| Nominated | RPM Evolving CTA Fund | RPM Risk & Portfolio Management | Sweden |
Nominees – Best Nordic Multi-Manager Hedge Fund 2024
| Status | Fund | Manager | Country |
|---|---|---|---|
| Nominated | AIM Diversified Strategies Fund | AIM Capital | Finland |
| Nominated | Atlant Multi-Strategy | Atlant Fonder | Sweden |
| Nominated | DNB Fund Multi Asset | DNB Asset Management | Norway |
| Nominated | R2 Crystal Fund | OP Fund Management | Finland |
| Nominated | Secure Hedge | Secure Spectrum | Denmark |
Nominees – Best Nordic Hedge Fund (Overall) 2024
| Status | Fund | Manager | Country |
|---|---|---|---|
| Nominated | Oceanic Hedge Fund | Oceanic Investment | Norway |
| Nominated | Ress Life Investments | Resscapital | Sweden |
| Nominated | Sector Zen Fund | Sector Asset Management | Norway |
| Nominated | Svelland Global Trading Fund | Svelland Capital | Norway |
| Nominated | Tidan Fund | Tidan Fund | Sweden |
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:
