Rookie of the Year

Since 2015, one of the categories celebrated at the Nordic Hedge Award is the most promising new launch among Nordic hedge funds.

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 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.

Unlike the other regular categories, where HedgeNordic relies on a quant model and a jury board of representatives of asset owners and allocators to select the winners, the “Nordic Hedge Fund Rookie of the Year” is determined by fellow fund managers using simplified ranking procedure, making this a prized peer award.

A jury put together of the former winners of the Nordic Hedge Award and fellow fund managers will, based on a questionnaire, determine the “Rookie of the Year.”

YearFundManagement CompanyPortfolio Manager
2020FrostFrost Asset ManagementMartin Larsén and Anders Augusén
2019HP Hedge Fixed IncomeHP FondsmæglerselskabHenrik Fournais
2018SEB Eureka Fixed Income Relative ValueSEBBo Michael Andersen
2017Asgard Credit FundMomas AdvisorsDaniel Vesterbaek Pedersen
2016Scandinavian Credit Fund ISkandinaviska Kreditfonden ABFredrik Sjöstrand
2015ElementaElementa Management ABMarcus Wahlberg

2021 Rookie of the Year

Martin Larsén, Johanna Ahlgren and Anders Augusén

Prior to the 2020 Nordic Hedge Award, four of the five previous winners of the “Rookie of the Year” award were fixed-income vehicles. 2020 was no exception. Frost, a fixed-income relative value fund investing in government, covered and municipal bonds across Scandinavian markets, primarily focusing on Sweden, was crowned as the 2020 “Rookie of the Year.”

“We at Frost feel honored being awarded the prize Rookie of the Year 2020, especially as it was a year filled with great challenges,” CIO Martin Larsén, who co-launched fixed-income relative value fund Frost alongside Anders Augusén, commented on the distinction. “Given that both Anders and I have been risk-takers for over 20 years each, rookie is maybe not the most obvious label.”

In May of 2019, Sweden’s oldest hedge fund – Nektar – closed its doors after 21 years. Some of Nektar’s team led by Martin Larsén, Anders Augusén and Johanna Ahlgren got back together to launch a new fund – Frost – that would run one of Nektar’s successful sub-strategies: fixed-income relative value. “The fixed-income trading at Nektar performed well over the years, and Anders and I did not see any reasons not to continue that going forward,” Martin Larsén told HedgeNordic.

“When looking at fixed-income relative value, it is simply the relative pricing of two or more instruments or rate products,” explained Augusén. “What we construct is a portfolio consisting of many different combinations that we like” to exploit a given market anomaly, continued Augusén, who served as a portfolio manager at the now-closed Nektar for over ten years. “We express each anomaly in three to four different ways,” further explained Larsén, “which means we have 30 different positions on average.”

2020 Nordic Hedge Award Jury Board

Kari Vatanen, CFA, FRM

CIO, Veritas Pension Insurance

Kari Vatanen, CFA, FRM

CIO, Veritas Pension Insurance

Kari Vatanen, CFA, FRM

CIO, Veritas Pension Insurance

Kari Vatanen, CFA, FRM

CIO, Veritas Pension Insurance

Kari Vatanen, CFA, FRM

CIO, Veritas Pension Insurance

2021 Rookie of the Year

Prior to the 2020 Nordic Hedge Award, four of the five previous winners of the “Rookie of the Year” award were fixed-income vehicles. 2020 was no exception. Frost, a fixed-income relative value fund investing in government, covered and municipal bonds across Scandinavian markets, primarily focusing on Sweden, was crowned as the 2020 “Rookie of the Year.”

“We at Frost feel honored being awarded the prize Rookie of the Year 2020, especially as it was a year filled with great challenges,” CIO Martin Larsén, who co-launched fixed-income relative value fund Frost alongside Anders Augusén, commented on the distinction. “Given that both Anders and I have been risk-takers for over 20 years each, rookie is maybe not the most obvious label.”

In May of 2019, Sweden’s oldest hedge fund – Nektar – closed its doors after 21 years. Some of Nektar’s team led by Martin Larsén, Anders Augusén and Johanna Ahlgren got back together to launch a new fund – Frost – that would run one of Nektar’s successful sub-strategies: fixed-income relative value. “The fixed-income trading at Nektar performed well over the years, and Anders and I did not see any reasons not to continue that going forward,” Martin Larsén told HedgeNordic.

“When looking at fixed-income relative value, it is simply the relative pricing of two or more instruments or rate products,” explained Augusén. “What we construct is a portfolio consisting of many different combinations that we like” to exploit a given market anomaly, continued Augusén, who served as a portfolio manager at the now-closed Nektar for over ten years. “We express each anomaly in three to four different ways,” further explained Larsén, “which means we have 30 different positions on average.”

Martin Larsén, Johanna Ahlgren and Anders Augusén

2020 Nordic Hedge Award Jury Board

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