Capricorn wins 2nd place for 'Best Nordic CTA' Award

Top Quote Capricorn Strategies ( comes in strong again within the financial industry awards, with second place awarded as to then for best Nordic CTA. End Quote
  • (1888PressRelease) May 20, 2013 - The Nordic Hedge Award is an industry award aimed to distinguish outstanding hedge fund managers in the Nordic region.

    One of the main goals is to raise the awareness, understanding, appreciation and reputation of hedge funds in the general public and the financial community. A distinct characteristic of the Nordic Hedge Award is the use of a professional Jury. The Nordic Hedge Award is not a pure performance ranking award. In a two step process, the organizer determines a short list of five funds per category based on weighted key figures, such as absolute performance, volatility, Sharpe ratio, relative performance in peer group, consistency of returns etc.

    Out of the 130 funds in the defined universe the top five funds per category were shortlisted using a model co-developed by Nordic Business Media and a PhD student assigned to the project by Stockholm School of Economics. The model took five parameters into account: absolute performance in 2012, performance relative to the respective Nordic Hedge Index sub index, Sharpe ratio, consistency of returns and long term track record. Numbers were weighted and normalized to determine the nominated funds. A professional Jury then added their score individually on their discretion to create final results and ranking.

    Compared to other industry awards, the Nordic Hedge Award is not a pure performance award. In order to also capture components of a fund a hedge fund manager that is hard to evaluate in a model the organizer introduced a professional Jury to the scoring. This Jury will also take "soft factors" into account and determine the final ranking of funds through the points each jury member awards. To ad to objectivity, Jury members will be handed the list of short listed funds in random order and points scored according to the calculation model will not be communicated to Jury members.

    Each jury member will award points to each of the shortlisted funds. Points may be added or subtracted. Jury members will award their points at their full discretion and will not be influenced by the organizer. However, jury members are advised to consider some of the following aspects of the management company and/or fund that: Transparency in communication, fund raising, marketing, business integrity, fees, administrative setup…to mention a few.

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