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Nordic HedgeAward

Organized for the first time in April 2013, every year the Nordic Hedge Award distinguishes 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.

Main Award Categories

There are five strategy categories within the Nordic Hedge Index, hence, five award categories at the Nordic Hedge Award.

All funds within the Nordic Hedge Index with a track record of more than three years compete for the main award categories.

Qualified funds also compete for the crown jewel of the Nordic Hedge Award, the “Best Nordic Hedge Fund Overall” award.

Selection Process

Step 1: Quantitative Score

A model co-developed with the Swedish House of Finance at the Stockholm School of Economics selects the top five funds in each of the five strategy categories within the universe of funds in the Nordic Hedge Index based on five measures.

Step 2: Qualitative Score

A jury of industry professionals judges the nominated funds based on qualitative criteria, awarding scores from a pre-defined range to each fund.

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.

Two Extraordinary Categories

Performance Awards

Funds are 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 are used or influence the results for determining the winners of the Performance Awards.

Rookie of the Year

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.”

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