Two funds from the Nordic Hedge Index universe were among the winners at this year’s LSEG Lipper Fund Awards for the Nordic region. Asilo Argo, a constituent of our equity long-only hedge fund index, and PriorNilsson Fastighet, a real estate-focused long-biased long/short equity fund, each topped their respective categories over a three-year period. Several traditional vehicles with ties to Nordic hedge fund managers also received awards, including Alcur Grow from Alcur Fonder and Atlant Högräntefond from Atlant Fonder.
The LSEG Lipper Fund Awards are not based on absolute returns alone. Instead, winners are determined using the Lipper Leader rating for Consistent Return, which emphasizes consistency of returns and risk-adjusted performance compared to a group of similar funds. The methodology is designed to identify funds that have delivered superior consistency, rather than simply the highest returns, over the relevant period.
Asilo Argo, which pursues a high-conviction strategy focused on identifying “future superstar” companies, has been awarded an LSEG Nordic Lipper Fund Award in the Global Equity category over a three-year period. “This isn’t a small win. A big thank you to the team at Asilo Asset Management behind the performance,” says portfolio manager Ernst Grönblom, noting that the fund topped a peer group of 626 funds. Asilo Argo delivered an annualized return of 55 percent over the three years ending 2025, marking a strong rebound from a challenging 2022.
PriorNilsson Fastighet, a real estate-focused long-biased long/short equity fund managed by Gustav Sällberg, won in the Equity Sector Real Estate Global category over the same three-year period. Despite a softer 2025 amid broader weakness in real estate markets, the fund has delivered an annualized return of nearly 12 percent since its launch in October 2022. Over the three years ending 2025, PriorNilsson Fastighet returned 10.4 percent per year.
Beyond these, a broader set of traditional funds with ties to Nordic hedge fund managers also featured among the winners. However, categories more closely aligned with hedge fund strategies were predominantly won by non-Nordic managers, highlighting the global nature of competition in these segments.
