Articles by: Eugeniu Guzun

Month In Review – March 2018

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 global trade war. Nordic hedge funds, as expressed by the Nordic Hedge Index (NHX), were down 0.6 percent in March (91 percent reported), taking the first-quarter losses to 1.2 percent. Four[Read More…]

by 17/04/2018
Making a Quick Buck Was Never Easy

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 making a quick buck despite having a strong opinion on the utility (or better say, the lack thereof) of Bitcoin and other cryptocurrencies for the world’s financial system.[Read More…]

by 17/04/2018
Nordic Equity Hedge Funds Hit by Trade War Fears

Nordic Equity Hedge Funds Hit by Trade War Fears

Stockholm (HedgeNordic) – Nordic equity hedge funds, as expressed by the NHX Equities Index, were down 1.0 percent in March (95 percent reported), partly reflecting increased volatility across equity markets caused by Donald Trump’s announcement of trade tariffs at the start of the month. Following the March performance, the NHX Equities Index is down 1.5 percent in the first quarter[Read More…]

by 12/04/2018
Pacific Fonder Appoints New CEO

Pacific Fonder Appoints New CEO

Stockholm (HedgeNordic) – Pacific Fonder AB, the Swedish asset manager running two funds from the NHX universe, has appointed Peter Beckman as the firm’s new Chief Executive Officer. Beckman had been the deputy managing director of mutual fund company SPP Fonder AB since 2009 and also served as acting managing director in three of the nine years he spent at[Read More…]

by 10/04/2018
Recovery from February Woes Postponed for Nordic CTAs

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…]

by 10/04/2018
Growth in Nordic Hedge Fund Industry Slows

Growth in Nordic Hedge Fund Industry Slows

Stockholm (HedgeNordic) For just over a year now, since January 2017, HedgeNordic has been calculating and publishing the NHX asset growth Index (NHX-AGI), an index computed using an equally-weighted indexed-based compounding methodology in an attempt to representatively measure the development of the AuM of the Nordic hedge fund industry. The Nordic hedge fund universe consists of a few giants with[Read More…]

by 05/04/2018
Nordic FoHFs Outperform Peers in Difficult Market

Nordic FoHFs Outperform Peers in Difficult Market

Stockholm (HedgeNordic) – In a similar fashion to the entire hedge fund industry, Nordic funds of hedge funds suffered one of the worst months of performance in the past several years. Around two-thirds of the 23-member NHX Fund of Funds Index posted negative returns in February, with the index falling 0.9 percent last month (100 percent reported). Despite the historically[Read More…]

by 05/04/2018
Low-Risk Exposure to FX Provides Uncorrelated Returns

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…]

by 01/04/2018
Nordic Hedge Funds Storming Performance Awards

Nordic Hedge Funds Storming Performance Awards

Stockholm (HedgeNordic) – Several Nordic hedge funds have been shortlisted for this year’s HFMWeek European Hedge Fund Performance Awards, which will recognize and reward the best performing European-based hedge funds of the past 12 months. The winners in each of the 42 categories will be announced at a dinner at the Hurlingham Club in London on April 26, 2018. All[Read More…]

by 01/04/2018
New AI-Powered Fund Ready to Launch

New AI-Powered Fund Ready to Launch

Stockholm (HedgeNordic) – A new vehicle powered by artificial intelligence (AI) is making its way into the Nordic hedge fund arena, joining a fast-growing group of AI-driven funds such as FIM Artificial Intelligence and Coeli Prognosis Machines. Innolab Capital Index A/S, a fund established by Danish developer of AI-powered models Innolab Technology A/S, is set to launch as soon as[Read More…]

by 27/03/2018
Winning Streak Ends for Nordic FI Hedge Funds

Winning Streak Ends for Nordic FI Hedge Funds

Stockholm (HedgeNordic) – The February market turmoil triggered by inflation and bond market concerns put an end to the 23-month streak of positive performance enjoyed by Nordic fixed-income hedge funds. The NHX Fixed Income Index fell 0.6 percent in February (92 percent reported), taking its year-to-date performance into negative territory at 0.1 percent. International fixed-income hedge funds also recorded losses[Read More…]

by 22/03/2018
Nordic Multi-Strategy Funds’ Performance Goes up in Flames

Nordic Multi-Strategy Funds’ Performance Goes up in Flames

Stockholm (HedgeNordic) – Nordic multi-strategy hedge funds, as expressed by the NHX Multi-Strategy Index, tumbled 1.0 percent in February (97 percent reported), joining the other four NHX sub-categories in posting losses for the month. Roughly four-fifths of the 33 members included in the NHX Multi-Strategy Index ended the month in the red, with the index falling 0.4 percent in the[Read More…]

by 22/03/2018
Carlsson Norén Macro Fund Welcomes Increased Volatility

Carlsson Norén Macro Fund Welcomes Increased Volatility

Stockholm (HedgeNordic) – Carlsson Norén Macro Fund is a Sweden-based hedge fund that invests in fixed-income markets in Nordic and G7 countries. Fredrik Carlsson and Martin Norén started the fund at the beginning of 2008. Although the returns earned by the Carlsson Norén Macro Fund have been underwhelming in recent years, the fund has more than proven its ability to[Read More…]

by 22/03/2018
Month in Review: NHX February 2018

Month in Review: NHX February 2018

Stockholm (HedgeNordic) – February turned out to be one of the worst months in terms of average returns for Nordic hedge funds, as trend-following CTAs experienced their worst monthly performance on record. Nordic hedge funds, as expressed by the Nordic Hedge Index (NHX), were down 1.5 percent in February (91 percent reported), with all five NHX sub-categories posting losses for[Read More…]

by 16/03/2018
Nordic CTAs Suffer Worst Month on Record

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…]

by 15/03/2018
Nordic Equity Hedge Funds Escape Turmoil

Nordic Equity Hedge Funds Escape Turmoil

Stockholm (HedgeNordic) – Nordic equity hedge funds, as measured by the NHX Equities Index, fell an estimated 0.9 percent in February (91 percent reported), as stock markets around the world feared that central banks would accelerate the pace of interest rate hikes. The NHX Equities Index is down 0.6 percent in the first two months of 2018. Nordic Equity Hedge[Read More…]

by 14/03/2018
A Skilled Navigator in Downturns

A Skilled Navigator in Downturns

Stockholm (HedgeNordic) – Handelsbanken Global Selektiv Hedge, a market-neutral equity hedge fund launched in November 2001, is one of the oldest names in the Nordic Hedge Index (NHX). The fund’s strategy involves investing in high-quality companies and shorting low-quality companies, with the quality aspect being combined with research and analysis of other fundamental characteristics such as earnings development, valuation, ESG[Read More…]

by 14/03/2018
Nordic Hedge Funds Among World’s Best Performers

Nordic Hedge Funds Among World’s Best Performers

Stockholm (HedgeNordic) – Activist fund Accendo Capital was the seventh best-performing hedge fund over the past three years among the 18,000 vehicles tracked by data provider Preqin. Rhenman Healthcare Equity L/S and AAM Absolute Return Fund also feature in Preqin’s special report dedicated towards the hedge fund industry’s best performers. With an annualized return of 34.0 percent over the period[Read More…]

by 09/03/2018
QQM in Top 10 Market Neutral Funds

QQM in Top 10 Market Neutral Funds

Stockholm (HedgeNordic) – Stockholm-based QQM Equity Hedge features in BarclayHedge’s list of top ten best-performing equity market-neutral funds over the past five-year period. The market-neutral fund managed by Ola Björkmo and Jonas Sandefeldt generated a cumulative return of 41.2 percent since the beginning of 2013 through the end of 2017, equating to a compounded annual return of 7.2 percent. A[Read More…]

by 08/03/2018
Incentive’s Value Approach Delivers Real Alpha

Incentive’s Value Approach Delivers Real Alpha

Stockholm (HedgeNordic) – Value investing strategies typically struggle in bull markets similar to the one investors have enjoyed in the past several years. However, Incentive Active Value, a value-oriented fund primarily investing in the under-researched mid-cap segments of European equity markets, managed to deliver since its inception in mid-2014. The Oslo-based fund managed by Svein Høgset, Niklas Antman, Mikael Berglund[Read More…]

by 07/03/2018