Announcing the Winners of the 2022 Nordic Hedge Award

Stockholm (HedgeNordic) – HedgeNordic is pleased to announce the winners at the 2022 Nordic Hedge Award. We are pleased to have gathered the Nordic hedge fund community the old fashioned way: meeting old friends and making new connections with drinks and laughs, exchanging business cards and war stories in the flesh – all while celebrating outstanding talent and achievement in the Nordic hedge fund arena. A big round of applause to those determined as being the best Nordic hedge funds of 2022.

The winners at the 2022 Nordic Hedge Award were selected in a three-step process. First, a model co-developed with the Swedish House of Finance at the Stockholm School of Economics selected the top five funds in each of the five strategy categories in the Nordic Hedge Index (only funds with a track record of more than three years). The model calculates a “quantitative” score for each fund based on several parameters such as short- and longer-term absolute, relative and risk-adjusted returns, as well as skewness in returns as a measure of downside risk. The top five funds across the entire universe were also nominated in the “Best Nordic Hedge Fund Overall” category. Second, a jury board comprised of industry professional assigned a “qualitative” score to each fund. Third, the quantitative and qualitative scores were equally weighted and added to create the final results and rankings.

There are two extraordinary categories where a different approach is taken to determine the winners. The Performance award solely compares pure net performance as the one and only factor to determine the ranking. Performance awards are awarded for the highest cumulative performance over 12, 36 and 60 months. And finally, the best new Nordic hedge fund is determined by other Nordic hedge fund managers, making the “Rookie of the Year” award a peer group distinction.