The Winners at the 2021 Nordic Hedge Award
Stockholm (HedgeNordic) – HedgeNordic is pleased to announce the winners at the 2021 Nordic Hedge Award. For the tenth edition of the Nordic Hedge Award, we are pleased to have...
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.
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
A list of five nominated funds per category is determined through a quantitative model co-developed by HedgeNordic and the Swedish House of Finance.
Step 2: Qualitative Score
A jury of industry professionals judges the nominated funds based on qualitative criteria.
Step 3: Aggregation
In the last step, the quantitative and qualitative scores are aggregated at equal weighting to create the final scores, and thus, the rankings.
Hedge funds outperforming their respective strategy categories have a higher chance of being nominated for the “Best Nordic Hedge Fund - Overall” category due to one of the five measures in the quantitative model that considers 12-month returns over peers. This measure rewards funds outperforming peers in a poorly-performing category.
Funds and managers will be presented with “Performance Awards” for the highest net performance among all hedge funds within the universe of the Nordic Hedge Index over 12 month, 36 month and 60 month-periods preceding the year-end.
No other criteria will be used or influence the results for determining the winners of the Performance Awards.
Hedge funds considered for the “Rookie of the Year” award of a given year are launched during the rolling 12-month period through the end of September of that year. Funds launched later than September of that year will qualify for next year’s “Rookie of the Year” award. Funds must be listed in the HedgeNordic databases and Nordic Hedge Index and meet the criteria required for such listing.
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.”
Previous Nordic Hedge Awards
