Nominee register -17.7M. Osakkeenomistajat - Mandatum
The Mandatum Managed Futures fund has received a UCITS Hedge Award as the best-performing fund in its category for 2025. The annual awards are presented by The Hedge Fund Journal.
The Managed Futures fund was recognized for its strong two- and three-year performance in the trend-following CTA strategies category (where assets under management are under $150 million), reflecting the fund’s consistent performance over the longer term.
Launched in 2019, the fund’s investment process is systematic, based on quantitative research and disciplined risk management. The strategy aims to capitalize on trends in equity, fixed income, and currency markets by allocating capital dynamically and adjusting risk levels as market conditions change. The objective is to provide investors with diversification benefits and the potential for positive returns regardless of the market environment.
In 2025, the Mandatum Managed Futures fund returned 8.2 percent, with a two-year annualized return of 11.0 percent (2024–2025) and a three-year annualized return of 6.7 percent (2023–2025)*. The strategy is well-suited for institutional investors seeking uncorrelated returns and significant diversification benefits outside traditional investment strategies.
The UCITS Hedge Awards are granted to successful UCITS-compliant hedge funds globally. They highlight funds that demonstrate excellent performance, strong risk-adjusted returns, and consistent execution within their respective categories.
*Additionally, the Mandatum Managed Futures fund’s four-year annualized return was 7.0 percent (2022–2025) and the five-year annualized return was 6.9 percent (2021–2025).
Mandatum’s (Mandatum) dividend is likely not just a one-time thing, but a two-tiered one 
Next year, a dividend of 0.87 is predicted, with over 2 euros per share distributed upfront over the mentioned 4-year period. After the dividend paid in 2027, thinner dividends are likely to be distributed.
…and the dividend to be paid in spring 2028 probably won’t be that small either 
if the forecasts are to be trusted - and why wouldn’t they be!
I’ll leave this timely analysis here in case anyone following Mandatum missed it.
“In this article, we focus purely on the impact of rising interest rates on various asset managers…”
“Among the listed asset managers we follow, Evli and Mandatum clearly benefit most from rising interest rates.”
In January, Mandatum added a new MAMCO II fixed income fund to its selection, aimed at institutional and professional investors, and following an opportunistic investment strategy. MAMCO II operates in both public and private debt markets in the Nordics and wider Europe. It targets attractive risk-adjusted returns and higher return potential than traditional high yield markets.
The fixed income fund raised over 300 million euros in investment commitments at its first close, along with strong initial fundraising.
Before this spring’s Annual General Meeting, you can get in the mood by watching the CEO’s review from last year’s AGM, as well as the management’s panel discussion that preceded the AGM! 
So it seemed, but you forgot to mention that for spring 2027 the dividend estimate is 85c and for spring 2028 it’s 60c.
A rather essential point was left unmentioned.
Mandatum Managed Futures fund’s success continued as it was awarded at the 2025 Nordic Hedge Award event. The fund placed second in the “Best Nordic Managed Futures / CTA Fund” category.
Nordic Hedge Award prizes are presented annually at a gala that recognizes distinguished hedge fund managers operating in the Nordic countries. The recognition now received by the Mandatum Managed Futures fund is a continuation of the fund’s success: earlier this year, it received the prestigious 2026 UCITS Hedge Awards prize as the best-performing fund in its category. The fund has performed strongly in the Nordic competitive field and has also been awarded in the Nordic Hedge Award comparison in previous years.
On the other hand, companies are being hyped here whose trajectory is supposed to be heading northeast, but things turned out quite embarrassingly in Qt’s case. Now people are warning about a dividend trap with Mandatum, but the future is just guesswork; companies are constantly working for their future, and the situation can change one way or the other. In Mandatum’s case, if the position is profitable, it’s worth pocketing the dividends and staying close to the sell button—if the gains start to evaporate, then it’s time to sell. That’s how you make stock trading pay off. 
Pension companies’ holdings represent an opposing view to Viitikko’s sell recommendation?
I agree. Mandatum will remain my largest holding until either dividend payouts decrease significantly or the company’s business starts to struggle. At the moment, neither of those seems likely in the near future.
Mandatum’s performance has been truly exemplary.
Taking the dividends now leaves the share price at just a hair over €6.
With the spring '27 dividend forecast at 85c and spring '28 at 60c, I really don’t see any huge risk at a €6 price, and who knows if the commentary from Olli Viitikko and the “sell immediately at trash prices” crowd might knock another 15c off the price.
Let’s let the business develop and take the excess cash off the table.
Here are Kassu’s and Sale’s comments on Mandatum’s accounting change
That comment was indeed accidentally left out of yesterday’s morning report, which is why it was only published later 
Although that one-off item may look large, it is purely accounting-related and does not affect the company’s value. Furthermore, this change certainly makes forecasting easier, so we welcome the change with open arms 
Alright, the bottom for this orchestrated decline is starting to come into view for this one as well.
A technical support level is being met at €6.76, and large buy orders have started appearing on the bid side.
I’m following these “incisive” analyses with interest, with their ridiculous price targets and “sell now” ratings. I have Norwegian dividend stocks in my portfolio, and I view certain analysts’ takes there with a sense of humor. A sharp hike in target prices signals it’s time to start trimming positions as some big players begin selling, while a drastic cut in target prices means those same players are starting to buy—just like I am, along with 50 active forum members. This approach has worked well for the past two years.
If there is anything negative in the May 8th earnings release, the share price will drop.
But what is the sentiment? It seems some kind of intermediate correction has already occurred in the stock’s pricing…