HedgeNordic is delighted to announce the winners at the 2025 Nordic Hedge Award. We are honoured and humbled to bring together the Nordic hedge fund community for this special award ceremony on the evening of April 22 in Stockholm. This event continues our tradition of fostering meaningful connections while honoring and celebrating outstanding talent and achievements in the Nordic hedge fund arena. A big round of applause to the distinguished winners recognized as the best Nordic hedge funds of 2025.

The winners at the 2025 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 (limited to funds with a track record exceeding 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 professionals assigned a “qualitative” score to each fund. Third, the quantitative and qualitative scores were put on equal footing and combined to determine the final results and rankings.

Two extraordinary categories rely on a different approach to determine the winners. The Performance awards solely compare pure net performance as the only factor to determine the ranking. Performance awards are awarded for the highest cumulative performance over 12, 36, and 60 months. Finally, the best new Nordic hedge fund is determined by fellow Nordic hedge fund managers, making the “Rookie of the Year” award a peer-based distinction.

Congratulations to all winners at the 2025 Nordic Hedge Award!

Best Nordic Equity Hedge Fund – Supported by:

1. Sector Zen Fund

2. Sissener Canopus

3. CARN Latitude

Best Nordic Diversified Hedge Fund – Supported by:

1. Fenja Capital II

2. Atlas Global Macro

3. HCP Black Fund

Best Nordic Fixed-Income Hedge Fund – Supported by:

1. Danske Invest Fixed Income Global Value

2. Asgard Fixed Income Fund

3. Danske Invest Fixed Income Relative Value

Best Nordic Multi-Manager Hedge Fund – Supported by:

1. AIM Diversified Strategies

2. Secure Hedge

3. DNB Stable Alpha

Best Nordic Managed Futures / CTA Fund – Supported by:

1. Lynx Constellation

2. Mandatum Managed Futures Fund

3. Volt Diversified Alpha Fund

Best Nordic Equity Long-Only (ELO) Hedge Fund – Supported by:

1. Borea Utbytte

2. Asilo Argo

3. HCP Quant Fund

Rookie of the Year 2025 – Supported by:

Winner: Tidan NOVA

Performance Awards – Supported by:

12 months: Atlas Global Macro (+39.2%)

12 months: Coda Global Opportunities (+39.2%)

36 months: Danske Invest Fixed Income Global Value (+77%)

60 months: Svelland Global Trading Fund (+123%)

Best Nordic Hedge Fund (Overall) – Supported by:

1. Sector Zen Fund

2. Danske Invest Fixed Income Global Value

3. Atlas Global Macro