Danske Invest hedge fund scoop prestigious award
Danske Invest fund scoopes prestigious, international EuroHedge Award for excellent results.
The plush surroundings of the Grosvenor House Hotel in London were the setting for Danske Invest’s win Thursday at the EuroHedge Awards 2015 – one of the most prestigious accolades in the international hedge fund world – for its fund Danske Invest Europe Long-Short Dynamic.
EuroHedge Awards are given every year by HedgeFund Intelligence, one of the world’s largest research firms in the hedge fund area. The awards ceremony usually attracts more than 750 hedge fund managers, investors and other industry professionals to London to celebrate the funds that have performed best for their investors.
“Danske Invest being given this award is a fantastic and unique recognition of the huge amount of work our team and portfolio managers put into the fund throughout the year on behalf of investors. The award really underline the value of our thoroughly researched, long-term strategy,” says Michael Petry, head of hedge funds at Danske Invest.
EuroHedge Award winners are mainly decided by which funds have generated the highest return within a range of different fund categories. Danske Invest’s winning fund works with investment strategies in the equity market.
The fund received a EuroHedge Award in the category UCITS Equity. The fund resembles a hedge fund and focuses on European equities. It aims to be market-neutral, so that ideally it can create a positive return for investors regardless of whether the equity market rises or falls. The portfolio team does this by continuously combining long and short equity positions in around 25-35 different strategies. Last year the fund generated an accumulated return of 13.5% and produced a positive return in 11 months out of 12, even though 2015 saw a lot of equity market volatility and periods of significant equity price falls.
“We were just one of ten nominated funds that had performed very well – and we were competing against some of the largest European players, such as UBS, Allianz and Schroder, so we were quite overwhelmed when we won the award,” says lead portfolio manager Peter Rothausen, who works in a two-man portfolio team with colleague Simon Christensen.
Remember that historical return is not a guarantee of future profit and that return can also be negative. Hedge funds and hedge-like funds are complex investment products which, among other things, employ short positions and gearing, so such funds are not suitable for all investors. Never invest in the funds without getting professional investment advice.