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.
Two Extraordinary Categories
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.”