Articles by: Jonathan Furelid

Oslo Asset Management sees “fantastic opportunities” for its hedge fund

Oslo Asset Management sees “fantastic opportunities” for its hedge fund

Stockholm (HedgeNordic) – The Norwegian asset manager Oslo Asset Management sees “fantastic opportunities” ahead for its 320 musd AAM Absolute Return Fund. The CEO, Harald James-Otterhaug (pictured), told Bloomberg last week that he sees a potential return of 150 percent to 250 percent for the fund given “very big mispricings” in the energy sector and has loaded up on both[Read More…]

by 10/04/2018
Bodenholm comment short selling of Evolution Gaming

Bodenholm comment short selling of Evolution Gaming

Stockholm (HedgeNordic) – In a filing to the Swedish Financial Supervisory Authority, FI, Brummer-backed long/short equity hedge fund Bodenholm last week stated a major short position in Evolution Gaming, a Swedish provider of online gaming solutions. According to FI, the position was as big as 0,95 percent of outstanding shares on March 27. Commenting on the position to Swedish news[Read More…]

by 04/04/2018
Norwegian Hedge Fund manager Joins Nordea Markets

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

by 25/03/2018
IPM in Contrarian Long US dollar bet as “Fundamentals Take Control”

IPM in Contrarian Long US dollar bet as “Fundamentals Take Control”

Stockholm (HedgeNordic) – Stockholm-based quant hedge fund IPM Informed Portfolio Management has taken the other side of the trade in the US dollar, holding a significant long position in the greenback, Serge Houles (pictured), head of investment strategy told Bloomberg last week. “One of the biggest positions we have now is the long dollar position. The dollar is one of[Read More…]

by 25/03/2018
“Gold and Silver Loading up for Major Move”

“Gold and Silver Loading up for Major Move”

Stockholm (HedgeNordic) – The price of gold and silver is about to break out from a long period of range bound trading with low volatility, Eric Strand (pictured), portfolio manager of Pacific Precious and Pacific Multi Asset told EFN Råvaror in yesterday´s broadcast from Gothenburg. “There are many things, apart from technicals, that point to a major move, what is[Read More…]

by 22/03/2018
Ambrosia adds Attefall as New Portfolio Manager

Ambrosia adds Attefall as New Portfolio Manager

Stockholm (HedgeNordic) – Swedish multi-strategy hedge fund Ambrosia has added Fredrik Attefall as new portfolio manager. According to a post on Ambrosia’s website, Attefall will join the fund management company on April 3 and will also become a partner of the firm. Attefall has an extensive experience from the hedge fund industry having managed a portfolio within the Brummer Nektar[Read More…]

by 22/03/2018
Bodenholm Wins Investor Choice Award

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…]

by 18/03/2018
Capital Four Plans to Launch Private Debt Fund

Capital Four Plans to Launch Private Debt Fund

Stockholm (HedgeNordic) – Capital Four, the Danish USD 12 billion credit manager, is planning to launch a new private debt fund in the spring, according to Bloomberg. The fund will invest in mid-sized companies and sponsors in European primary markets. It will be called the Strategic Credit Fund II and have a 10 percent return target, Bloomberg reports. As previously[Read More…]

by 18/03/2018
Michael Petry

Danske Prepares for New Macro Hedge Fund

Stockholm (HedgeNordic) – Danske Bank is preparing for a new macro hedge fund to be launched “later this year”, Danish AM Watch reports. In preparation for the launch, the bank has rehired its former chief strategist Bo Bejstrup Christensen as chief portfolio manager. Christensen, who left the former Danske Capital back in 2016 to become part of Inter Fund Management[Read More…]

by 18/03/2018
Capital Four Hard-Closes Credit Hedge Fund After Strong Inflows

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…]

by 11/03/2018
Svante Bergström - Lynx

“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…]

by 10/03/2018
Norwegian Hedge Fund Billionaire Halvorsen Remains Committed to FANG stocks

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…]

by 10/03/2018
Hedge Funds Aggressively Short Danish Stocks

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…]

by 09/03/2018
Nordic Hedge Funds Suffer Losses in February – CTA and Equity Strategies slump

Nordic Hedge Funds Suffer Losses in February – CTA and Equity Strategies slump

Stockholm (HedgeNordic) – February proved to be a challenging month for a majority of the Nordic hedge funds underlying the Nordic Hedge Fund Index – NHX. With 75 percent of managers having reported their numbers for the month, the index suggest a loss of 1.5 percent, which is in line with the Barclay Hedge Fund Index but better than the[Read More…]

by 08/03/2018
Hedge Fund Returns Exceeded Institutional Investors’ Expectations in 2017

Hedge Fund Returns Exceeded Institutional Investors’ Expectations in 2017

Stockholm (HedgeNordic) – Almost three quarters (74 percent) of institutional investors say that their hedge fund portfolios met or exceeded expectations in 2017, according to Credit Suisse´s Tenth Annual Global Hedge Fund Investor Survey. This is a significant increase from the previous year, when only 30 percent said they were happy with the returns generated by their allocations to hedge[Read More…]

by 08/03/2018
Brummer Give Back Gains in February as Lynx and Florin Court Tank

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…]

by 06/03/2018
Legendary Hedge Fund Manager Recommends Buying Commodities and Hard Assets

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…]

by 05/03/2018
February Volatility Spike Beats CTAs to the Ground

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…]

by 01/03/2018
Investors Plan to Allocate to Emerging Market Hedge Funds in 2018

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…]

by 23/02/2018
Hedge Funds Expect H&M To Fall Further

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…]

by 22/02/2018