Nordic Quant HFs Shortlisted for Awards
Stockholm (HedgeNordic) – Three Nordic hedge funds will compete for awards at the HFM European Quant Awards 2019, which encompasses the full breadth of CTA, managed futures and quant hedge...
Nordic Hedge Award 2018
The Nordic Hedge Award is set to distinguish outstanding hedge fund managers from and active in the Nordic region. All funds listed in the Nordic Hedge Index (NHX) are eligible for participating in the Nordic Hedge Award. This is to ensure all data going into the calculation models adheres to the same standards, is complete and fully transparent to the organiser.
The Nordic Hedge Award
The Nordic Hedge Award is set to distinguish outstanding hedge fund managers from and active in the Nordic region. All funds listed in the Nordic Hedge Index (NHX) are eligible for participating in the Nordic Hedge Award. This is to ensure all data going into the calculation models adheres to the same standards, is complete and fully transparent to the organiser.
Supported by:
The Process
Step 1: Quantitative Score
short list of nominated funds is determined through a quantitive model co-developed by HedgeNordic and Stockholm School of Economics.
Step 2: Qualitative Score
A jury of industry professionals from the Nordic hedge fund space judges the nominated funds based on qualitative criteria.
Step 3: Aggregation
The aggregated Jury scores and results from the quantitive scoring are compounded at equal weight to receive final results.
There is a slight difference here to the general categories: For relative numbers, both the specific NHX category of the fund and the overall NHX composite are taking into consideration, rather than just the specific NHX category related to the fund.
Funds and managers will be presented with “Performance Awards” for the highest net performance of all hedge funds within the universe of the Nordic Hedge Index for their respective absolute returns, net of fees for the compound 12 months, 36 months and 60 month periods preceding the year-end net asset value (NAV) of the respective funds. (Example: The relevant date for the 2015 Nordic Hedge Award is the final NAV calculated for December 31 of 2015. The relevant period therefor is the 12, 36 and 60 months compound returns preceding the NAV from December 2015).
Besides the minimum AuM requirement, no other criteria will be used or influence the results for determining the winners of the Performance Award.
Funds will be considered for this Award which have a track record of fewer than 18 months but have at least three monthly NAV preceding the year-end net asset value (NAV) of the respective funds. Funds must be listed in the HedgeNordic databases and Nordic Hedge Index and meet the criteria required for such listing. There will be no minimum / maximum requirement for assets under management to be considered for the “Rookie of the Year” category.
A jury put together of the former winners of the Nordic Hedge Award and other hedge fund managers will based, on a questionnaire, determine the “Best New Nordic Hedge Fund Launch”. Read more about the “Rookie of the Year” category, jury members and former winners here
Previous Nordic Hedge Awards
