Rookie of the Year

Funds will be considered as "Nordic Hedge Fund Rookie of the Year" 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 fund. 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. As in this category, the traditional scoring and ranking methodology, a new and simplified ranking procedure will determine the winner of this category. A jury put together of the former winners of the Nordic Hedge Award will based on a questionnaire, determine the “Rookie of the Year”.

Previous Rookies of the Year

YearFundManagement CompanyPortfolio Manager
2017Asgard Credit FundMoms AdvisorsDaniel Vesterbaek Pedersen
2016Scandinavian Credit Fund I Skandinaviska Kreditfonden ABFredrik Sjöstrand
2015Elementa Elementa Management AB Marcus Wahlberg

2018 Rookie of the Year

Jury for Rookie of the Year 2018


Eyvind A. Holt

Head of Active Management
KLP Kapitalforvaltning

Daniel  Pedersen

Chief Investment Officer Moma Advisor A/S Rookie of the Year 2017

Thomas Elofsson

Portfolio Manager
Catella Fondförvaltning

Stefan Roos

Managing Partner
Origo Capial

Søren Astrup

Director
Formuepleje Asset Management

Rookie of the Year 2017

The Rookie of the year 2017, Asgard Credit Fund, are in fact well known at the Nordic Hedge Award. The winners´ sister fund, winning four of the last five top spots as “Best Nordic Fixed Income Hedge Fund”, and twice took the trophy as “Best Nordic Hedge Fund Overall” back to Copenhagen.

Asgard’s newest fund – Asgard Credit Fund – invests in corporate credits worldwide, and currently has most of its exposure in US corporate credit, which offers higher yields than European or Nordic names. “Moma has also turned cautious on European credit because the European Central Bank will at some stage stop buying credit,” says CEO, Birger Dirhuus.

Asgard Credit Fund made 7.29% in 2017, mainly from credit spreads on CDS positions, which have averaged net exposure of 370% since the fund started. Shorts unsurprisingly did not work well in 2017, and nor did a spread trade going short of European credit versus long of US credit. Manager, Daniel Vesterbaek Pedersen, had a long, strong track record from PFA Pension, including the 2008 crisis, before being hired by Moma.

This year, the jury was composed of Nicolai Kjer Rasmussen, Chief Portfolio Manager at Danish Nykredit Asset Management (runner up as “Best Nordic Fixed Income Hedge Fund 2016”), Ola Wessel-Aas, Portfolio Manager at Norwegian Taiga Fund (last years´ “Best Nordic Equity Hedge Fund”); Simon reinius, CEO and Portfolio manager at Fund of Hedge Fund manager Optimized Portfolio Management, Tommi Kemppainen, CEO at Helsinki Capital Partners, and last but not least, Fredrik Sjöstrand, CIO and Founding Partner at Swedish Skandinaviska Kreditfonden, last year’s Rookie of the Year.

Rookie of the Year 2016

The Rookie of the Year 2016 went to the team behind direct lending fund Scandinavian Credit Fund I, which is managed by Skandinaviska Kreditfonden. The fund engages in the private debt market, providing capital to companies with short- and medium-term financing needs.

Its first trading month was January 2016, the first and only down month for Scandinavian Credit Fund I as the fund has only shown positive performance every month after January of 2016. For the full year 2016, the fund showed a 6.8% return with very low volatility. Scandinavian Credit Fund I provides access to a high-yield investment product with low risk that is not normally available to private investors. The fund offers short- to medium-term direct loans to small- and medium-sized companies for a variety of purposes, including business expansion, inventory or equipment purchases, working capital, and refinancing.

CIO and Portfolio Manager Fredrik Sjöstrand was flattered that the fund was recognized already as it is still early days. “We have only just started, but this is a first recognition that we are on the right track, we hope to revisit the winner's podium for many years to come,” said Sjöstrand on winning the award.

Jury for Rookie of the Year 2016

Allan Winkel Hansen

Wollert Hvide

Marcus Wahlberg

Laura Wickström

Joakim Stenberg

Rookie of the Year 2015

Swedish long/short equity fund Elementa, launched in early March 2015 by fund manager Marcus Wahlberg, received the “Rookie of the Year” award at the Nordic Hedge Awards 2015. Elementa invests in small and mid-cap stocks active in the Nordics using deep fundamental research to pick companies that Wahlberg believes to have tangible profits and cash flow upside.

In 2015, the rookie fund delivered an impressive 15 percent return and was the only fund in the universe of Nordic hedge funds to only report positive trading months. This is even more astonishing given this was the first year of the fund’s life when managers are most likely to be distracted by the mechanics of setting up a business. Markets were also not helpful, as the year was turbulent from the start.

Wahlberg started the fund with PSG Capital, a Stockholm based micro-cap long-only fund manager that incubated Elementa on its platform. This gave Wahlberg the opportunity to create his own management company, Elementa Management, while establishing a track record for the fund. He moved the fund the summer of 2016 to his newly launched management company.

Jury for Rookie of the Year 2015

Morten Mathiesen

Rolf Hagekrans

Henrik Rhenman

Peter Warren

Anders Palmqvist