Low-Risk Exposure to FX Provides Un...
Stockholm (HedgeNordic) – Although a number...
Recent Posts
Nordic Multi-Strategy Funds Fall in Tandem with Global Peers
Stockholm (HedgeNordic) – Nordic multi-strategy hedge funds, the most diverse and inclusive NHX sub-category, experienced losses for a second consecutive month in March. The NHX
Hedge Funds Bolstering Marketing Staff as Volatility Picks Up
Stockholm (HedgeNordic) – Marketing and investor relations hires at hedge funds increased significantly in the first three months of 2018 from the all-time low recorded in the
Mangold Courts Resscapital
Stockholm (HedgeNordic) – Today, Swedish investment bank Mangold announced a bid to acquire a quarter of the existing capital of Stockholm-based alternative asset management
Month In Review – March 2018
Stockholm (HedgeNordic) – Nordic hedge funds as a group suffered losses in a volatile month of March, with equity-focused funds suffering the most due to increasing fears of a
Making a Quick Buck Was Never Easy
Stockholm (HedgeNordic) – Making a quick buck was never easy. I am a young lad and truth be told, I did think of sinking some money into cryptocurrencies in the hopes of
Hedge Fund News
Nordic Multi-Strategy Funds Fall in Tandem with Global Peers
Stockholm (HedgeNordic) – Nordic multi-strategy hedge funds, the most diverse and inclusive NHX sub-category, experienced losses for a second consecutive month in March. The NHX Multi-Strategy Index was down 0.7 percent in March (97 percent reported), bringing the 2018 performance further into negative territory at 1.0 percent. Despite the underwhelming performance, Nordic multi-strategy hedge funds performed very closely with peer[Read More…]
CTA & Managed Futures News
Recovery from February Woes Postponed for Nordic CTAs
Stockholm (HedgeNordic) – The spell of bad luck continued for Nordic CTAs in March, after having suffered their worst month on record in February. Nordic trend-following CTAs, as measured by the NHX CTA Index, were down 0.6 percent in March (95 percent reported), bringing the performance for the first quarter of the year to a negative 2.4 percent. The world’s[Read More…]
Interviews
Low-Risk Exposure to FX Provides Uncorrelated Returns
Stockholm (HedgeNordic) – Although a number of systematic macro funds and trend-following CTAs from the NHX family invest in currencies, Jyske Invest FX Alpha is one of a handful of pure currency hedge funds in our index. The fund managed by Jyske Capital, one of Denmark’s leading asset managers with assets under management of more than €22 billion, aims to[Read More…]
Nordic Hedge Award
Announcement: Nominations 2017 Nordic Hedge Award
Stockholm (HedgeNordic) – The organizer ranked all funds eligible for nomination according to a calculation model co-developed with Stockholm School of Economics based on data drawn from the Nordic Hedge Index. This model translates the funds´ results into points earned for various achievements. Points are awarded for absolute performance, the stability of returns, performance in relation to historic returns of the respective[Read More…]
Latest Article
Funds of Hedge Funds in Metamorphosis
London (HedgeNordic) – The claim that fund of hedge funds (FOHF) are dead is greatly exaggerated. Their headline assets of around $600 billion, per HFR, have been declining as a percentage of hedge fund industry assets (now around $3.5 trillion, according to BarclayHedge). But FOHF are highly influential in acting as consultants and advisors to some of the world’s largest[Read More…]
Simon Finch new CIO of Credit at Man GLG
Man Group, the active investment management firm announced that Simon Finch is joining the firm as CIO of Credit at Man GLG, its discretionary investment management engine. In this newly created role, Simon will be responsible for Man GLG’s credit business and will have oversight of the credit portfolio management teams. Simon will report to Teun Johnston, CEO of Man[Read More…]
Norwegian Hedge Fund manager Joins Nordea Markets
Stockholm (HedgeNordic) – Lars Mouland, who was previously the lead portfolio manager for Norwegian hedge fund KLP Alfa Global Rente and prior to that at Storebrand, has decided to join Nordea Markets in Oslo as Chief Strategist, Bloomberg reports. Mouland will focus on Norwegian fixed income credit and will start his new role on June 1. Picture: (c) jokerpro-shutterstock.com
Bodenholm Wins Investor Choice Award
Stockholm (HedgeNordic) – The SEK 6.2 billion Swedish long/short equity hedge fund Bodenholm, part of the Brummer group, won the 2018 investor choice award at en event held in London last week. Bodenholm won the category “Global Equity Fund USD 500 million – USD 1 billion” in competition with the Ardevora Global Equity Fund, the MW TOPS Fund, the Naya[Read More…]
Nordic CTAs Suffer Worst Month on Record
Stockholm (HedgeNordic) – After having enjoyed a strong start to 2018, Nordic CTAs, as measured by the NHX CTA Index, experienced their worst month on record in February. The NHX CTA was down 4.9 percent last month (100 percent reported), as trends broke across all sectors except for fixed income. This NHX sub-category is down 1.8 percent year to date.[Read More…]
Capital Four Hard-Closes Credit Hedge Fund After Strong Inflows
Stockholm (HedgeNordic) – Danish credit hedge fund manager Capital Four has hard-closed its Credit Opportunities Fund as of the end of February, Bloomberg reports. The firm, which has previously communicated a soft-close of the strategy, said “higher than expected commitments into the fund” has had the fund reaching the hard-closing level of EUR 500 million in February. According to Bloomberg,[Read More…]
“The worst is behind us” says Lynx´s Bergström
Stockholm (HedgeNordic) – In an interview with Swedish business journal Dagens Industri, Svante Bergström (pictured), founder and CEO of the 5,3 billion USD systematic hedge fund Lynx, says that the “worst is behind us” referring to the sharp trend reversal seen in February where Lynx lost about 14 percent and the last three years of lackluster performance for the fund.[Read More…]
Norwegian Hedge Fund Billionaire Halvorsen Remains Committed to FANG stocks
Stockholm (HedgeNordic) – Ole Andreas Halvorsen (pictured) is the CEO of and co-founder of Viking Global Investors, a hedge fund management firm based in Connecticut US. The firm is managing the Viking Global Fund which oversees 16.3 billion USD in assets under management. According to wealth-x, a website tracking wealthy individuals, 57-year old Halvorsen, who rarely speeks to media, has[Read More…]
Hedge Funds Aggressively Short Danish Stocks
Stockholm (HedgeNordic) – Hedge funds are aggressively betting on Danish stocks to decline. According to Bloomberg, who are referring to data from the Financial Supervisory Authority in Copenhagen, the value of Danish stocks being shorted has more than trippled in the last five years. Although the regulator banned short bets against Danish banks during the financial crisis, it now regards[Read More…]
Round Table Discussion: Real Estate & Infrastructure
Stockholm (HedgeNordic) – With the steady growth of the real asset class in the past few years, assets under management are up, and yields are down. Asset managers and asset owners may sometimes find it hard to deploy capital, or to generate the return they need. Around a table in Stockholm on a cold January morning, HedgeNordic has assembled a[Read More…]
Brummer Give Back Gains in February as Lynx and Florin Court Tank
Stockholm (HedgeNordic) – Swedish hedge fund giant Brummer & Partners saw its flagship fund Brummer Multi Strategy (BMS) give back a large chunk of January’s gains in February as markets turned increasingly volatile causing losses for systematic macro strategies in particular. According to estimates on the Brummer website, the BMS fund had lost 2 percent by month-end, translating into a[Read More…]
Legendary Hedge Fund Manager Recommends Buying Commodities and Hard Assets
Stockholm (HedgeNordic) – Legendary hedge fund manager Paul Tudor Jones, widely known for calling the October 1987 crash, shared his market views in a rare interview with Goldman Sachs last week. Jones blasted President Donald Trump´s corporate tax cut and Congress’ recent budget spending bill. “We’re in the third-longest economic expansion in history. Yet we have somehow managed to pass[Read More…]
February Volatility Spike Beats CTAs to the Ground
Stockholm (HedgeNordic) – Computer-driven, trend following hedge funds or CTAs recorded their worst month in 17 years in February, data from Barclayhedge and SocGen Prime Services suggest. The move is largely explained by losses caused from the sudden volatility spike that was seen on February 5 and that coincided with sharp trend reversals in many markets where CTAs had built[Read More…]
Investors Plan to Allocate to Emerging Market Hedge Funds in 2018
Stockholm (HedgeNordic) – Hedge fund investors are planning to increase allocations to emerging markets in 2018, this according to JP Morgan Chase & Co’s latest institutional investor survey released Thursday. According to the report, referenced by Bloomberg, about 33 percent of institutional investors plan to give more capital to emerging-market strategies this year. Approximately 20 percent expect to increase allocations to[Read More…]
Hedge Funds Expect H&M To Fall Further
Stockholm (HedgeNordic) – Swedish retailer Hennes & Mauritz shares plunged 33 percent in 2017, marking their worst year since the beginning of this century. The share has continued its slump in the first two months of 2018 and is currently down close to 17 percent since the begining of the year. However, short data compiled by Bloomberg reveals that hedge[Read More…]
Where Factor Investing Caught on
Stockholm (HedgeNordic) – This week we had a chance to catch up with Dr Klaus Teloeken, CIO of Allianz Global Investors’ Systematic Equity strategies, at the end of his day in Stockholm, before he continued on to Copenhagen. Inspired by his Nordic trip, Teloeken gave us an insightful overview of the institutional investors’ journey into factor investing. “The Nordics have[Read More…]
Hedge Funds Regain Appeal for Ilmarinen
Stockholm (HedgeNordic) – In a recent interview with Bloomberg, Mikko Mursula (pictured), the chief investment officer of Ilmarinen Mutual Pension Insurance Co., says “we are feeling more positive about hedge funds than a couple of years ago.” What has spurred the regained appeal for hedge funds at the 57 billion dollar Finnish asset manager is, according to the interview, the belief[Read More…]
The Unbearable Lightness of Bubbles
Stockholm (HedgeNordic) – The Swedish House of Finance (SSE) hosted a timely and highly topical seminar entitled Bubbles in Theory and in Markets with Jungsuk Han, Associate Professor of Finance, and Torbjörn Iwarson, Commodity Market Specialist at Skandia Investment Management. Their presentations gave their perspectives of asset price bubbles, in academia on the one hand and the commodity markets on[Read More…]
Jury board for 2017 Nordic Hedge Award Announced
Sstockholm (HedgeNordic) – The Nordic Hedge Award is set to distinguish outstanding hedge fund managers from and active in the Nordic region. 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 are hard to evaluate in a quantitative model, the[Read More…]
Nordic CTAs Hungover After Stellar January
Stockholm (HedgeNordic) – Nordic CTAs, as measured by the NHX CTA Index, enjoyed an exceptionally strong start to 2018, gaining 3.8% on average in January (86% reported) as market trendiness accelerated in various sectors. This was the largest monthly gain for the NHX CTA Index since January 2015. Much of these gains have apparently evaporated in early February, however, as[Read More…]
