Articles by: Eugeniu Guzun

Month in Review: NHX November 2017

Month in Review: NHX November 2017

Stockholm (HedgeNordic) – Nordic hedge funds, as expressed by the Nordic Hedge Index (NHX), lost an estimated 0.5% in November (88% reported), interrupting a four-month streak of positive performance that started in July. The NHX Composite is up 2.7% year-to-date through the end of November. All five NHX sub-categories amassed losses, save for fixed-income funds. CTAs suffered yet another month[Read More…]

by 14/12/2017
Nordic Equity Funds Feel the Heat

Nordic Equity Funds Feel the Heat

Stockholm (HedgeNordic) – Nordic equity hedge funds recorded their worst monthly performance year-to-date, as Nordic equity markets got hammered in November. Equity-focused hedgies, as measured by the NHX Equities, tumbled 0.7% last month (96% reported), trimming their average year-to-date gains to just 2.8%. Nordic equity hedge funds performed much better than the overall market in November, as Nordic equity markets,[Read More…]

by 12/12/2017
Fund of Funds Fusion Completed

Fund of Funds Fusion Completed

Stockholm (HedgeNordic) – Atlant Multi-Strategy Internal and Atlant Multi-Strategy External, two funds of hedge funds managed by Swedish asset manager Atlant Fonder AB, were merged on December 1st, 2017. As previously communicated, the merger is designed to streamline the fund range, enhance management efficiency, and reduce administrative costs. As a result of the merger, fund units in the Multi-Strategy External[Read More…]

by 07/12/2017
Hedge Fund Mirage – Revisiting the Arguments

Hedge Fund Mirage – Revisiting the Arguments

Stockholm (HedgeNordic) – Regulators and data gatherers estimate the global hedge fund industry to be worth more than $3 trillion in assets under management, but London-based asset manager Winton Group puts that figure at only $850 billion. The renowned firm challenges widely-accepted industry figures by questioning the definition of a hedge fund. As previously reported by HedgeNordic, Winton executives launched[Read More…]

by 06/12/2017
Systematic FX Finally Taking Off

Systematic FX Finally Taking Off

Stockholm (HedgeNordic) –Swedish FX International AB joined forces with Slovakian asset management firm Valor o.c.p. to launch a systematic hedge fund trading in foreign exchange markets, called Valor Global FX. Valor Global FX aims to generate absolute returns in all types of market conditions by entering into short-term positions in foreign exchange markets. The fund’s model relies upon Valor’s time-tested[Read More…]

by 05/12/2017
One Team, Two Launches

One Team, Two Launches

Stockholm (HedgeNordic) – Gothenburg-based asset manager Strukturinvest Fondkommission plans to launch two credit-oriented hedge fund strategies that aim to generate returns irrespective of interest rate changes. The firm’s Chief Investment Officer Sean George and Lead Portfolio Manager Ulf Erlandsson will be managing the funds jointly. One of the funds called the Hamiltonian Global Credit Opportunities fund, will search for long,[Read More…]

by 30/11/2017
No One-Trick Pony

No One-Trick Pony

Stockholm (HedgeNordic) – Coeli Prognosis Machines, a systematic macro strategy combining financial models with artificial intelligence to make investments in a wide array of asset classes, is the second-best performing fund within the NHX CTA category this year after returning 10.4% year-to-date. Most strikingly, the strategy developed and managed by Alex Gioulekas, one of the founding members of multi-billion systematic[Read More…]

by 30/11/2017
Catella Secures Continued Control Over IPM

Catella Secures Continued Control Over IPM

Stockholm (HedgeNordic) – Swedish asset manager Catella secured continued control over systematic investment manager IPM Informed Portfolio Management AB (IPM) after signing an agreement to purchase shares from several shareholders in IPM B.V., a Dutch holding company owning approximately 75% of IPM. IPM has been a subsidiary of the Catella Group since 2014 through direct and indirect ownership of 50.7%[Read More…]

by 28/11/2017
All Aboard the Bubble!

All Aboard the Bubble!

Stockholm (HedgeNordic) – One distinguishable trend in the institutional investor universe has been the gradual but clear shift toward increased exposure to real assets such as real estate and infrastructure. Real estate experts state that this reallocation of assets represents a significant tendency among many pension funds, sovereign wealth funds, endowments and foundations. Some even claim that the rediscovery of[Read More…]

by 24/11/2017
Europe’s First Bitcoin Fund

Europe’s First Bitcoin Fund

Stockholm (HedgeNordic) – France-based asset manager TOBAM announced the launch of Europe’s first bitcoin mutual fund in an attempt to meet the institutional demand for the cryptocurrency. Although the TOBAM Bitcoin Fund was set up as an alternative investment fund instead of a UCITS structure, the fund provides daily liquidity similar to most UCITS mutual funds. The TOBAM Bitcoin fund[Read More…]

by 23/11/2017
Funds of Hedge Funds Consolidate in Fight for Survival

Funds of Hedge Funds Consolidate in Fight for Survival

Stockholm (HedgeNordic) – The fund of hedge funds industry has experienced a noticeable drop in assets under management in recent years, as institutional investors such as public pension funds have moved capital out of multi-manager vehicles in favour of picking fund managers directly. According to alternative assets data provider Preqin, funds of hedge funds collectively manage $798 billion as of[Read More…]

by 22/11/2017
Real Estate Bubbles Across the Decades

Real Estate Bubbles Across the Decades

Stockholm (HedgeNordic) – The term “housing bubble” had not been used in the popular press prior to early 2000s, not even in the late 1980s, a time considered to have witnessed a number of severe housing bubbles. Today, however, this combination of words is used liberally to describe the behavior of housing prices. Everyone can recognize economic bubbles after they[Read More…]

by 22/11/2017
Swedish Domestic Market: Proceed Cautiously

Swedish Domestic Market: Proceed Cautiously

Stockholm (HedgeNordic) – PriorNilsson Idea, a long/short equity-focused hedge fund managed by Swedish asset manager PriorNilsson Fonder, has generated a cumulative return of 194.5% since its inception in January 2006, equating to an annual compound rate of 9.6%. The fund’s performance has been solid in recent years, with the fund being on track to deliver an annual return in excess[Read More…]

by 16/11/2017
Nordic Equities Need Christmas Magic

Nordic Equities Need Christmas Magic

Stockholm (HedgeNordic) – Nordic equity-focused hedge funds, as measured by the NHX Equities, extended their average year-to-date return to 3.6% after gaining 0.5% in October (95% reported). Despite the mild post-summer recovery in performance, the average Nordic equity fund is on course to suffer the worst annual result since 2011 unless some Christmas magic rewards fund managers with substantial gains[Read More…]

by 16/11/2017
Cheap Hedging to the Rescue

Cheap Hedging to the Rescue

Stockholm (HedgeNordic) – The Catella Nordic Long Short Equity fund, a Nordic-focused absolute return equity fund, gained 5.1% year-to-date through the end of last week, with most gains in the second half of the year. This mid-single-digit return follows three consecutive years of annual returns above 10%. Catella Nordic Long Short Equity enjoyed a rebound in September, as the fund[Read More…]

by 13/11/2017
Are Hedge Funds Playing Greater Fool?

Are Hedge Funds Playing Greater Fool?

Stockholm (HedgeNordic) – The price of bitcoin has surged more than 600% year-to-date, with the world’s largest cryptocurrency regularly setting new all-time highs in recent weeks (a fresh all-time in the $7,800s was reached earlier this week). Market observers say institutionalised money movers, many of the hedge funds, helped fuel the surge in the digital currency’s price. Bitcoin has outperformed[Read More…]

by 09/11/2017
Manager Selection Critical Amid Worsening Beta

Manager Selection Critical Amid Worsening Beta

Stockholm (HedgeNordic) – Hedge fund managers will have more opportunities to perform well as central banks have started unwinding their unconventional monetary policies, according to a recent market outlook released by J.P. Morgan Asset Management. Hedge fund managers have not encountered numerous opportunities to distinguish themselves from their rivals in recent years, as risky assets have been moving in near-lockstep[Read More…]

by 08/11/2017
FIM Launches Nordic AI-Powered Fund

FIM Launches Nordic AI-Powered Fund

Stockholm (HedgeNordic) – Finnish asset manager FIM launches a Nordic fund powered entirely by artificial intelligence. FIM is one of a handful of global asset managers tapping into the growing use of AI in the asset management industry. FIM Artificial Intelligence uses AI and machine learning to identify causal relationships in global equity markets that humans cannot detect. Much of[Read More…]

by 07/11/2017
Coeli Adds Accum’s Hedge Funds Under Its Umbrella

Coeli Adds Accum’s Hedge Funds Under Its Umbrella

Stockholm (HedgeNordic) – Starting in October, Accum Capital’s Capital Preservation Strategy (CPS) and Capital Growth Strategy (CGS) – two funds of funds predominantly investing in hedge funds and absolute return funds – will operate under the umbrella of Coeli Asset Management AB. Current and potential investors of the two funds of funds are expected to benefit from the transition, as[Read More…]

by 03/11/2017
New Adrigo Fund Starts Its Journey in Small- and Mid-Cap Space

New Adrigo Fund Starts Its Journey in Small- and Mid-Cap Space

Stockholm (HedgeNordic) – Swedish asset manager Adrigo Asset Management AB successfully launched their second hedge fund, Adrigo Small & Midcap L/S, on November 1st. The freshly-launched fund invests in Nordic small- and mid-cap companies with market capitalisations below SEK 55 billion. More than half of the small- and mid-cap segment Adrigo Small & Midcap L/S targets lacks sell-side analyst coverage,[Read More…]

by 02/11/2017