The “Best Nordic Hedge Fund Overall” title rewards the best fund in the Nordic hedge fund universe across all categories and strategies and is likely the most desired recognition at the Nordic Hedge Award. For 2018, Gladiator Fond managed by Max Mitteregger was named the best Nordic hedge fund of 2018. Second place goes to Shepherd Energy Portfolio, a multi-strategy futures-based trend-follower focusing on the Nordic power market, is only the third CTA to be among the winners in the “Best Nordic Hedge Fund Overall” category.
With a cumulative return of 34 percent in the previous three years and a gain of nearly 14 percent in 2018 alone while most other peers showed losses, the team behind Shepherd Energy Portfolio proved their vehicle “represents an uncorrelated alternative to traditional asset classes that also generates a positive return on investment” according to lead portfolio manager Arne Österlind. The fund’s uncorrelated nature stems from a discretionary- and systematic-based investing approach that seeks to capture both short- and long-term trends in the Nordic electricity market.
Commenting on taking second place in the “Best Nordic Hedge Fund Overall” category, Österlind says “it is truly an honor for us to have been placed so high in rankings given the fierce competition that exists from all the other skilled managers.”
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