With Intelligence has unveiled the first round of nominations for the 25th edition of the EuroHedge Awards, set to take place in London on March 5. As in previous years, Nordic hedge funds feature prominently among the nominees, with Nordic managers fully dominating the fixed income category.

The EuroHedge Awards aim to recognize the strongest performers in the European hedge fund industry on a risk-adjusted basis. Nominees and winners are selected through a quantitative process that combines Sharpe ratios with absolute returns, reflecting the two core objectives of hedge fund investing: managing volatility while delivering positive returns. The current shortlist represents the first round of nominations, with the final round to be announced in January. Funds seeking consideration for the final round must submit December 2025 performance data by Monday, January 12, 2026.

Nordic fixed-income managers stand out as the most heavily represented segment among Nordic nominees. In the “Fixed Income” category, all six shortlisted funds are managed by Nordic fund managers, including Asgard Fixed Income Fund, Borea Høyrente, Danske Invest Fixed Income Global Value, Excalibur Fixed Income, Nykredit Mira III, and SRV Fixed Income. Denmark-based HP Hedge Fixed Income has also secured a nomination in the “Emerging Manager – Smaller Fund – Macro, Futures, Fixed Income & Relative Value” category, while Borea Høyrente received a second nomination in the “Long-Term Performance (5 Years) – Macro, Futures, Fixed Income & Relative Value” category.

Three equity hedge funds have also made the nominations list. Coeli Energy Opportunities, a long/short equity fund focused on renewable energy managed by a team out of Stockholm, has been nominated in the “Emerging Manager – Smaller Fund – Equity Strategies” category. Two Norwegian managers are also represented: Borea Utbytte, a banking sector-focused equity fund from Borea Asset Management, and Taiga Fund, a long-biased long/short equity vehicle, have both been shortlisted in the “European Equity – up to $500 million” category.

The market-neutral volatility and options arbitrage strategy, Nova, from Swedish hedge fund boutique Tidan Capital, has been nominated in the “Volatility & Options” category. Since its launch in November 2024, the Nova Program has delivered a cumulative return of 15.8 percent over its first 13 months, marking an impressive start to its track record.