About 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 Fund Index (NHX) databases are eligible for participating in the Nordic Hedge Award. This is to ensure all data going into the calculation models is at same standards, complete and fully transparent to the organizer.
As of August 1st 2015, 169 hedge funds were listed within the NHX in will be automatically be considered to the respective categories they are listed in. While the organizer will do the outmost to have a complete and representative we can not guarantee we have identified every fund and manager fitting the universe or that required data is made available. In an effort to insure the widest possible view of the defined universe is considered for nomination, a public invitation to submit funds is widely communicated.
A Three Step Process
Quantative Score – The Shortlist
Qualitative Scoring – The Jury
Compounding results and Ranking
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Categories with different Modalities
There is a slight difference here to the general categories: For relative numbers, both the specific NHX category of the fund and the over all NHX composite are taking into consideration, rather than just the specific NHX category related to the fund.
Funds and managers will be presented with “Performance Awards” for the highest net performance of all hedge funds within the universe of the Nordic Hedge Index for their respective absolute returns, net of fees for the compound 12 months, 36 months and 60 month periods preceding the year end net asset value (NAV) of the respective funds. (Example: The relevant date for the 2015 Nordic Hedge Award is the final NAV calculated for December 31 of 2015. The relevant period therefor are the 12, 36 and 60 months compound returns preceding the NAV from December 2015).
Besides the minimum AuM requirement, no other criteria will be used or influence the results for determining the winners of the Performance Award.
For the 2015 Nordic Hedge Award, a new category was newly introduced for the “Best New Nordic Hedge Fund” or “Rookie of the Year.”
Funds will be considered for this Award which have a track record of less than 18 months, but have at least three monthly NAV preceding the year end net asset value (NAV) of the respective funds. Funds must be listed in the HedgeNordic databases and 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 for the “Rookie of the Year” category.
As in this category the traditional scoring and ranking methodolgy would lead to no meaningful results due to funds trading different stratiegies with different datasets available for evaluation, 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 questionaire, determine the “Best New Nordic Hedge Fund Launch”.
Unlike many other industry awards, the Nordic Hedge Award is not just a pure performance award but also uses a professional jury.
The Nordic Hedge Award is set to distinguish outstanding hedge fund managers from and active in the Nordic region.
The Nordic Hedge Index (NHX) is an equal weighted performance index tracking Nordic hedge funds.
Model for Nordic Hedge Award defined in cooperation of
The Nordic Hedge Award event is a fantastic opportunity to meet and enjoy the company of many Nordic hedge fund friends. An evening to celebrate the fantastic results some of the brightest asset managers bring to their investors. I am really grateful that HedgeNordic put so much effort into an evening that is always so much fun.
Now the hedge fund community in the region has a natural scene to meet. Thank you Nordic Hedge Award for organizing this event.
The Nordic Hedge Award is a great event to feature the talented hedge fund managers we have in the Nordic region. The evening format also makes it a great social event that most often fits everyone’s calendar.
We greatly appreciate the Nordic Hedge Awards for the professional attention it brings to the alternative investment management space in the region as well as the opportunity to exchange views with other people in the industry.