- Advertisement -
- Advertisement -

Related

Performance Award for 60 Months: Rhenman Healthcare Equity L/S

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – At the 2014 Nordic Hedge Award, a new category was introduced distinguishing managers for the highest net performance. The three Performance Awards go to the hedge funds that deliver the highest net-of-fees returns among all hedge funds within the universe of the Nordic Hedge Index over the previous 12-month, 36-month and 60-month periods. Unlike the other awards handed out at the Nordic Hedge Award, these Performance Awards do represent pure performance awards.

Despite hailing 2018 as “annus horribilis” after the nearly 17 percent decline in December wiped out the positive returns earned through the end of November, the team at Rhenman Healthcare Equity L/S collected the prize for the best-performing Nordic hedge fund over the five years running from 2014 to the end of last year. The healthcare-focused, long-biased long/short equity fund, managed by Henrik Rhenman and Susanna Urdmark, returned 92.6 percent between 2014 and 2018.

“We are thrilled and very pleased to be awarded the Performance Award for the past 60 months, especially since the fund celebrates its 10th anniversary this summer,” Henrik Rhenman comments on the achievement. “It is a great honor to receive the award. It means a lot and is a testament to our unique investment process which leads the way, even internationally,” says Rhenman’s colleague, Susanna Urdmark.

Rhenman Healthcare Equity L/S, perhaps one of the most aggressive hedge funds in the Nordic Hedge Index in terms of net market exposure, is one of the best performing members of the index. The fund delivered an annualized return of 19.3 percent since inception in June of 2009. The beta exposure to the global healthcare and biotech sectors represented a strong boost to Rhenman’s returns in recent years, but the Stockholm-based fund greatly outperformed broader market indices tracking the fund’s investment universe.

“To reward pure performance over a longer period, such as five years, is more meaningful than to do this for a shorter period of time,” says founding partner Carl Grevelius. “In our specific case, we have had a positive view on the health care sector since the fund started in June 2009. We believe innovation is a great investment opportunity and we have therefore made a very conscious decision to have a high net exposure on a fund level and accept the volatility that it brings,” he describes the fund’s journey since inception.

 

The “Performance Awards” were supported and presented by AIMA.

Subscribe to HedgeBrev, HedgeNordic’s weekly newsletter, and never miss the latest news!

Our newsletter is sent once a week, every Friday.

Eugeniu Guzun
Eugeniu Guzun
Eugeniu Guzun serves as a data analyst responsible for maintaining and gatekeeping the Nordic Hedge Index, and as a journalist covering the Nordic hedge fund industry for HedgeNordic. Eugeniu completed his Master’s degree at the Stockholm School of Economics in 2018. Write to Eugeniu Guzun at eugene@hedgenordic.com

Latest Articles

From Beef to Bitcoin: August’s Wild CTA Ride

In August 2025, the CTA sub-index of the Nordic Hedge Index edged lower after two positive months, reflecting mixed performance among managers. Strong gains...

Lauri Ehanti to Leave Aalto University Endowment After 14 Years

Lauri Ehanti is leaving Aalto University’s endowment fund after 14 years in various roles, most recently as Head of Investments. His responsibilities will be...

Othania’s All-In-One Fund Celebrates Five Years

Danish fund boutique Othania is celebrating the five-year anniversary of Othania Balanceret Makro, its all-in-one fund blending equity, bond, and alternatives exposure through Exchange...

Atlant Fonder Crosses SEK 10 Billion Milestone

Strong performance and steady inflows have propelled alternative fund boutique Atlant Fonder past the SEK 10 billion milestone in assets under management. Its flagship...

Nordea PM Joins Lancelot Global as Co-Manager

Lancelot Global, a long-only equity fund with flexible net exposure ranging from 60 to 120 percent, has strengthened its portfolio management team with the...

Quirky Questions – or, A Peoples Business

If asset management were only about numbers, we could all go home and let the calculators get on with it. But calculators are dull...

Allocator Interviews

In-Depth: High Yield

Voices

Request for Proposal

- Advertisement -
HedgeNordic
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.