News

PriorNilsson awarded best hedge fund in 2016 by Privata Affärer

Stockholm (HedgeNordic) – PriorNilsson took another grand slam when the Swedish business magazine Privata Affärer announced the awards for “Fund of the Year 2016” on Thursday. PriorNilsson was awarded the prestigious “Fund Management Company of the Year” award and also won the categories “Swedish-Focused Fund of the Year” and ” Hedge Fund of the Year”.

With regards to the award for best hedge fund, Privata Affärer rewarded PriorNilsson Idea for its competitive risk adjusted performance in 2016 and over the last three years.

It was not too long ago that Fondmarknaden.se had a similar award bonanza for PriorNilsson, also recognizing them as best fund management company in 2016 as well as handing them the award for best hedge fund (Yield) and best Swedish-focused fund (Realinvest), see separate story here.

The full list of Privata Affärer award winners below.

Fund Management Company of the year – 2016 – PriorNilsson

Swedish focused fund of the year – PriorNilsson Sverige Aktiv

Hedge fund of the year – PriorNilsson Idea

Small cap fund of the year – Humle Småbolagsfond

Global fund of the year – Evli Global

Emerging Market fund of the year – Sparinvest SICAV Ethical EM Value

Runner up of the year – Tundra Sustainable Frontier

Madrague and Sector Nordic winners at Eurohedge Awards

Stockholm (HedgeNordic) – From an early nomination list of 16 Nordic names, two funds were announced as winners at this year´s Eurohedge Awards; Madrague Equity Long/Short and Sector Healthcare.

Stockholm-based Madrague’s long/short equity fund was awarded best European Equity Fund among funds managing AuM up to 500 million USD for its performance in 2016. According to HedgeNordic data, the fund gained 15.1 percent for the full year translating into a compounded RoR of 9.4 percent and a Sharpe Ratio of 1.1 since its inception in February 2012.

Oslo-based Sector was awarded best specialist equity fund for its Sector Healthcare fund. The fund gained 10.6 percent in 2016 and has had a compounded RoR of 8.6 percent and a Sharpe Ratio of 1.9 since launching in September 2005, according to HedgeNordic data.

Picture (c): OlegDoroshin-shutterstock.com

PriorNilsson Yield awarded best HF 2016 by Fondmarknaden

Stockholm (HedgeNordic) – PriorNilsson’s long/short equity hedge fund Yield has been awarded “hedge fund of the year” by Swedish fund platform Fondmarknaden. The award was handed out at an event in Stockholm on Wednesday, January 11, 2017. On top of being named best hedge fund, PriorNilsson received the award as best Swedish-focused fund with PriorNilsson Realinvest A and was also named “fund management company of the year”.

Fondmarknaden gives the hedge fund award to PriorNilsson with the following motivation:

“The fund has significantly outperformed its category peer group in 2016 and is a clear example of active management at its best. The fund, which builds on fundamental analysis of companies within specific sectors, has been managed successfully without sacrificing the diversification aspects of portfolio management.”

According to Fondmarknaden, PriorNilsson Yield has delivered an average return over the last 36 months of 22.6 percent  to a standard deviation of 11.8 percent, translating into a Sharpe Ratio of 1.78.

Since its inception in 2002, PriorNilsson Yield has delivered a compounded ROR of  4.35 to a Sharpe Ratio of 1.23, according to HedgeNordic data.

https://hedgeaward.com/3240-2/

Efficient Capital Management, LLC has a well-defined focus on delivering the unique benefits of non-directional and leveragable trading strategies to institutional investors.

Our History

Efficient Capital Management® was formed on May 1, 1999. The founders share a strong conviction that their combined experience and proprietary evaluation and risk management tools provide the foundation for industry leading Multi-Manager product design and portfolio management.

The key to any business is the character and the combined strengths of the people involved. Eleven industry professionals came together with the common goal of establishing an industry-leading Multi-Manager portfolio management firm that specializes in providing the unique and beneficial attributes of trading in cash-efficient and liquid markets.

Four of our founders were also founding partners in some of the most successful and innovative trading firms ever to trade futures, options and stock:

  • Chicago Research & Trading Group
  • Hull Trading Company, LLC
  • The Philip Group of Companies
  • Saliba Partners, Inc.

Efficient Capital Management® has grown to a team of over 40 full-time professionals and directs the nominal allocation of over US $2 Billion in assets as of December 1, 2011. The dedication, commitment, and focus have remained unchanged.

Our Objectives

To assemble portfolios of Managers that target specific investment return objectives while controlling the volatility and downside risk so as to maximize the adjusted rate of return.

To consistently achieve a substantial reduction in the volatility of a combined portfolio of Managers as compared to the volatility of any individual Manager.

To actively manage portfolios to ensure that the investment objectives are continuously addressed and the commensurate risks constantly monitored.

To assist institutional investors in the maximization of portfolio efficiencies through the use of non-directional, non-correlated, alpha-generating trading strategies.

Our Process

Efficient Capital Management® specializes in Multi-Manager portfolio design and management business. A highly quantitative, proprietary approach is used to select and monitor portfolios. Proprietary tools have been developed to statistically measure volatility, return, and drawdown expectations across various time-frames. Daily return data is utilized for evaluation purposes and multiple proprietary correlation models are used to assist in achieving significant composite volatility reductions. These mathematical models consider correlations from various perspectives with an emphasis on “stressed” market environments. A parallel back-office updates all positions and portfolio adjustments intra-day. Traders and their positions are continuously monitored against expectations for risk and profit.

Our Portfolio Attributes

Because Efficient Capital Management® exclusively utilizes regulated, exchange-traded instruments and inter-bank foreign exchange, several critical management/portfolio benefits accrue for our investors:

Continuous position and risk transparency.

Daily liquidity.

The ability to adjust the exposure to individual trading strategies to optimize risk-adjusted return.

The ability to target specific investment objectives by efficiently adjusting exposure to the composite performance.

“Non-directional” trading strategies that can potentially benefit during declining stock and bond markets.

Diversification strategies, that when added to other investments, often reduce the composite risk.

Our Multi-Manager Selection

The Efficient Capital Management® Manager selection process includes a number of essential requirements. A few examples are:

The Manager must have the proper character, background, experience and business structure.

The trading methodology must be logical, reasonable, and sound.

The statistical expectations of return, volatility of returns, and risk control must qualify the manager as “stand alone” investment grade.

The correlation relative to other Managers must evidence unique portfolio benefits over time… especially in stressed global market conditions.

The Manager must meet rigorous minimum statistical benchmarks.

Claudia Stanghellini, AP3

Claudia has 19 years of experience in finance, of which 13 at AP3. After obtaining a MSc in Actuarial Sciences at City University in London, she joined Sun Life Financial as an Actuarial Analyst for 5 years.  She started at AP3 in 2002 as a Quantitative Analyst. Two and a half years later she became a portfolio manager in the Global Equity team where she specialised in selecting long-only managers.  In 2007, as AP3 operated a separation between alpha and beta strategies, Claudia’s focus extended to alternative asset strategies.

Today, Claudia is responsible for manager research, manager selection and portfolio construction of externally managed strategies for the alpha and beta portfolios. She covers traditional long-only strategies and hedge funds strategies across all asset classes. Claudia is also member of the Risk Management Committee at AP3.

Martin Källström, AP1

Martin is responsible for all alternative investments (in total US 7 billion in NAV) at AP1 and consists of teams managing Private Equity, Hedge Funds, Infrastructure, Real Estate and Farmland investments. He is the Chairman of the Investment Committee for Alternative Investments at AP1 and is on a day-to-day basis actively managing a USD 2 billion hedge fund portfolio.

Before joining AP1 in 2007, Martin was Head of Investment and Actuarial Consulting at Aon in the region and a member of the Global Investment Practice Committee. He started his career as an actuary at Watson Wyatt and holds a Masters in Finance from Stockholm School of Business and is educated in Behavioral Psychology.

Endorsement: Källström

Now the hedge fund community in the region has a natural scene to meet. Thank you Nordic Hedge Award for organizing this event.

Martin Källström
Head of Alternative Investments
First Swedish National Pension Fund (AP1

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