Stockholm (HedgeNordic) “It’s time to step on the brakes a bit. I may not pull the hand brake, but gear down a bit,” Sean George (pictured), head of fixed income and partner at Granit Fonder AB, told Bloomberg with regards to the current market that, he says, is “priced for perfection.” Mr George characterized the market as being in a[Read More…]
Stockholm (HedgeNordic) – The Lyxor Hedge Fund Index was up 0.8% last week, having delivered 1% in February. Combined with the Lyxor Global Macro Index being up 1.3% for the first week of March, this indicates a strong start to the month of March for hedge funds, with all strategies ending last week in positive territory, save for a slight[Read More…]
Stockholm (HedgeNordic) – PFA, the largest commercial pension fund in Denmark with DKK 450 billion (US$ 63.7 billion) in AUM, is forecasting a tripling of its investments in alternative assets over the next three to four years. This would bring its alternative assets investments up to DKK 65 billion. Chief Investment Officer Henrik Nohr Poulsen told Reuters that the pension[Read More…]
Stockholm (HedgeNordic) – Quantiacs, a quant hedge fund incepted in 2014, has the novel distinction of being built with and by freelancers. By inviting quants to compete their trading programs in contests and offering winners investment funds of up to $1 million, the fund offers freelancers the tools, data and training to create innovative trading algorithms of their own, the[Read More…]
Stockholm (HedgeNordic) – Carsten Stendevad, the former CEO of DKK 859 billion (€115.6 billion) Danish pension fund ATP, is set to join Bridgewater Associates, the largest hedge fund in the world, as part of a new “senior fellowship programme.” The programme, according to Bridgewater founder Ray Dalio, is designed to “bring highly distinguished individuals into Bridgewater for a year to[Read More…]
Stockholm (HedgeNordic) – Danske Capital took home the award for Best Fixed Income Credit Strategy Hedge Fund at the Hedgeweek Global Awards 2017, held last week (March 3) in London. Danske’s Fixed Income Strategy objective is to generate attractive absolute returns by investing primarily in the Scandinavian and European fixed income markets. Value is created mainly through relative/value and[Read More…]
Stockholm (HedgeNordic) – According to the Barclay Hedge Fund Index compiled by BarclayHedge, hedge funds were up 1.35% in January. 15 of 17 Barclay hedge fund indices gained ground, with Emerging Markets surging 2.63%, Technology gaining 2.57%, Healthcare/Biotechnology up 2.22%, the Event Driven index adding 2.08% and Distressed Securities climbing 1.78%. The only losing strategies in January were Merger Arbitage,[Read More…]
Stockholm (HedgeNordic) – As founder and CEO of Denmark’s WH Asset Management, portfolio manager of the multi-asset WH Index A/S and WH Index Growth A/S AIFs, and founder and CEO of the investment advisory company WH Invest, Allan Winkel Hansen is a busy man. Nevertheless, he took time out for an exclusive interview with HedgeNordic, in which he discusses his[Read More…]
Stockholm (HedgeNordic) – Hedge Funds are still ‘liking’ Facebook stock, irrespective of the criticism the company receives from other quarters, MarketWatch reports. 27 of the world’s 50 biggest hedge funds held shares in the social network at the end of Q4 2016, and increase of 3 from Q3. This, according to FactSet, makes it the most widely held stock among[Read More…]
Stockholm (HedgeNordic) – Warren Buffet has sharply criticized hedge funds for the increasingly common criticism of delivering inferior results to their investors while charging high, sometimes exorbitant fees. His comments came in his annual shareholder letter, reprinted over the weekend in the Berkshire Hathaway 2016 annual report, and took up no less than 5 pages of said letter. “When trillions[Read More…]
Stockholm (HedgeNordic) – A recent report from the Boston Consulting Group – Hedge Funds: Down But Not Out is suggesting three scenarios for the hedge fund industry through to 2020. In what the report suggests are the options of 1) momentum, 2) slowdown and 3) disruption, prognosis veers between an investment performance returning to pre-2014 levels over the next years[Read More…]
Stockholm (HedgeNordic) – Amid concerns that stock market optimism about U.S. President Donald Trump’s economic agenda may be overblown, Lars Franstedt, Chief Investment Officer and Partner with the $150 million Swedish hedge fund Madrague Capital Partners, is remaining confident: “The way I look at markets right now, there are a couple of things that speak for a continued upside… so[Read More…]
Stockholm (HedgeNordic) – Fannie Mae and Freddie Mac shares plunged over 30% after a decision was handed down this past Tuesday by a U.S. federal appeals court that hedge funds still won’t be able to sue the U.S. government for seizing their profits following Fannie and Freddie’s post-2008 bailout. Fannie Mae shares were down 34.7% while Freddie Mac shares slid[Read More…]
Stockholm (HedgeNordic) – In the highest January performance since 2013, the hedge fund industry posted gains of 1.40% in January 2017 on the Preqin All-Strategies Hedge Fund benchmark. With funds building on gains of 1.07% in December, this also represents the highest performance month since April 2016 for the industry. Positive performances were recorded by almost all leading hedge fund[Read More…]
Stockholm (HedgeNordic) – Preqin has ranked Norway’s long-biased equity Taiga Fund Management’s Class A – NOK – fund as the most consistent (with a consistency score of 93.55), best-performing stock-selecting fund over the past five years, according to its latest press release on top performing hedge funds. The fund has returned 22.54% annually, net of fees, between 2014-2016. Preqin ranks[Read More…]
Stockholm (HedgeNordic) – Anders Svennesen, CIO of Danske Bank´s $200 billion wealth management unit, has some choice words for hedge funds: they forget to hedge. “If you look back over time, there are a lot of hedge funds that were really exposed to the market. A real hedge fund ought to be market neutral, but an awful lot of them[Read More…]
Stockholm (HedgeNordic) Coeli Asset Management, the Swedish asset managers, has newly acquired a 100% stake in Mobilis Asset Management AB, a mutual fund service provider. The acquisition is set to strengthen Coeli’s position in the Swedish pensions market and expand its customer base through new sales channels. These opportunities conform to Coeli’s objective of profitable growth as an active[Read More…]
Stockholm (HedgeNordic) The Norwegian managed fixed income fund Storm Bond Fund, with an overriding focus on Nordic bond markets, delivered a return of 3.3% in January, continuing its strong end-of-2016 performance. The fund, which has 577 million NOK in AuM, finds itself in a flexible and robust situation with regards to rising interest rates and inflation, says Storm Bond Fund’s[Read More…]
Stockholm (HedgeNordic) – Hedge Funds are making a massive collective bet on rising oil prices, according to the most recent data from regulators and exchanges. Having added an extra 41 million barrels to net long positions in the seven days ending in January 31, hedge funds now have long positions equivalent to almost 1 billion barrels across contracts with[Read More…]
Stockholm (HedgeNordic) – Columbia Threadneedle Investments has appointed Ulrik Holm Oxfeldt, CFA, as its new Head of Nordics. Oxfeldt will lead the manager’s sales and client relationships, particularly in the institutional segment, throughout the Nordics, and will be based in Copenhagen. Oxfeldt possesses over 15 years of business development experience in the asset management industry, having worked at (Danish pension fund)[Read More…]
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…]
