Articles by: Jonathan Furelid

CTAs Snub Bitcoin Futures

CTAs Snub Bitcoin Futures

Stockholm (HedgeNordic) – The Chicago Mercantile Exchange (CME) is listing a bitcoin futures contract on December 18, after having received approval from the regulatory body CFTC, according to a press release. The new contract will be listed on and subject to the rules of CME. The contract will be available for trading on the CME Globex electronic trading platform, and[Read More…]

by 07/12/2017
Red Carpet Into Finnish Forestry

Red Carpet Into Finnish Forestry

Stockholm (HedgeNordic) – This autumn, the Finnish fund management company FIM launched the FIM Forest fund or “FIM Forest” targeting professional investors in Sweden. The fund invests in plots of forest land in different parts of Finland. Quality verification is carried out in co-operation with local specialists; one of these is Innofor Ltd, a company managing forests across Finland –[Read More…]

by 01/12/2017
CTAs Lead the Pack into Positive October Performance

CTAs Lead the Pack into Positive October Performance

Stockholm (HedgeNordic) – Nordic hedge funds, as expressed by the Nordic Hedge Index – NHX, gained an estimated 1.0% in October (85% reported), extending their year-to-date aggregate gains to 3.3%. All five NHX sub-categories contributed to the positive performance with CTAs leading the pack gaining close to 4 percent on the month. Although still in negative territory for the year,[Read More…]

by 15/11/2017
Nordic Allocators’ View on Real Estate and Infrastructure

Nordic Allocators’ View on Real Estate and Infrastructure

Real estate and infrastructure investments have been on the rise among institutions in the Nordics and elsewhere in recent years. The hunt for income producing assets and an attractive yield gap on real estate investments given ultra-low interest rates are factors playing into the demand picture. But how are Nordic allocators viewing this exposure currently, HedgeNordic took the pulse on[Read More…]

by 14/11/2017
Nordic Cross cautious in building new funds

Nordic Cross cautious in building new funds

Stockholm (HedgeNordic) – The fund management company Nordic Cross Asset Management, a part of the Altor-owned Caram Group, launched two new hedge funds in August this year; Nordic Cross Total Return Bond Fund and Nordic Cross Stable Return. The prior is an alternative investment fund focusing on fixed income markets while the latter can be described as an alternative multi-strategy[Read More…]

by 10/11/2017
CTA rollercoaster ride continues

CTA rollercoaster ride continues

Stockholm (HedgeNordic) – Beaten down in September, CTAs made a strong comeback in October as the roller-coaster ride for trend following hedge funds continued. According to estimates from Barclayhedge, a global hedge fund index provider, CTAs gained 1.7 percent during the month to bring year-to-date performance to just about flat. The SG CTA Index, another widely used industry benchmark, advanced[Read More…]

by 10/11/2017
Accendo Capital Participates in Directed Share Offering

Accendo Capital Participates in Directed Share Offering

Stockholm (HedgeNordic) – The activist hedge fund Accendo Capital has agreed to participate in a directed share offering in Swedish “Impact Coatings”, a company focusing on industrial coating solutions. Accendo will invest 25 MSEK in the directed offering at a price per share of 10.50 SEK. In a comment to the transaction, Accendo´s founder Henri Österlund says: “We believe that[Read More…]

by 02/11/2017
Atlant Fonder Wins Absolute UCITS Award

Atlant Fonder Wins Absolute UCITS Award

Stockholm (HedgeNordic) – Atlant Fonder and the Atlant Stability fund was awarded best European multi-strategy fund over one year at the Eurohedge Alternative UCITS Awards which took place in London on October 31. The competition within the category came from international names such as Algebris, ERAAM, MAN and MLIS as well as from Swedish Norron with its Norron Target fund.[Read More…]

by 02/11/2017
CTAs getting crushed in September

CTAs getting crushed in September

Stockholm (HedgeNordic) – Systematic trend following hedge funds or CTAs, as measured by the Barclay BTOP50 index, took another hit in September early estimates show. The index, which tracks some of the largest CTA managers in the world, had lost 2 percent by month-end according to early estimates, bringing losses to 4.2 percent for the year. Also among Nordic CTA[Read More…]

by 16/10/2017
Interview – Michael Idevall, Arcturus

Interview – Michael Idevall, Arcturus

Stockholm (HedgeNordic) – After having spent 12 years successfully managing the specialist global equity fund Camelot at Lancelot, a long-only fund that could alter its long equity exposure by changing its cash proportion, Michael Idevall (pictured) decided to leave to set up his own hedge fund, using a more flexible mandate. In March 2016, he launched the fund Arcturus together[Read More…]

by 19/09/2017
Interview: Luke Ellis – CEO, Man Group

Interview: Luke Ellis – CEO, Man Group

Stockholm (HedgeNordic) – Luke Ellis is the CEO of the world’s largest publicly traded hedge fund manager, Man Group Plc. While in Stockholm earlier this year, HedgeNordic met up with Ellis to hear what he had to say about the current environment for hedge funds, what strategies that he sees as most likely to perform well in the current market[Read More…]

by 14/09/2017
Nordic hedge funds gain in August, CTAs continue rebound

Nordic hedge funds gain in August, CTAs continue rebound

Stockholm (HedgeNordic) – Nordic hedge funds, as expressed by the Nordic Hedge Index NHX, gained an estimated 0.17% in August (83% reported), bringing the year-to-date performance to 1.68%. The month showed overall solid performance numbers, with CTAs continuing its rebound from July to finish August 0.98% higher. The strategy was the best performer on the month but is still lagging[Read More…]

by 11/09/2017
Accendo rebounds strongly in August on Hexatronic boost

Accendo rebounds strongly in August on Hexatronic boost

Stockholm (HedgeNordic) – Finnish activist hedge fund Accendo Capital gained 8.9 percent in August, rebounding strongly from the weak numbers experienced in July when the fund lost 5.4 percent. For the year-to-date, the fund is up by an impressive 19.1 percent which adds to a 30 percent gain in 2016 and a 49 percent gain in 2015. Commenting on the[Read More…]

by 07/09/2017
Svante Bergström - Lynx

Lynx “down but not out”

Stockholm (HedgeNordic) – In a recent article in Swedish business magazine Dagens Industri (DI), Svante Bergström (pictured), founder and CEO of Swedish systematic trend following hedge fund Lynx, was asked whether there is a risk that the fund will be closed by Brummer & Partners. The reasoning being that Brummer is keen on closing non-performing funds, highlighted by the closure[Read More…]

by 01/09/2017
Gramont suffers losses as US technology stocks recover in July

Gramont suffers losses as US technology stocks recover in July

Stockholm (HedgeNordic) – The Finnish long/short equity fund, Gramont Equities Opportunities, continued its recent string of losses in July with a net loss of 5.3 percent. This brings year-to-date returns to -20.9 percent, marking the fund´s lowest point since inception. The current drawdown is the longest and deepest experienced by the fund. It currently stands at around 24 percent measured[Read More…]

by 01/09/2017
Sector adds global macro fund and hires new team

Sector adds global macro fund and hires new team

Stockholm (HedgeNordic) – Norwegian hedge fund powerhouse Sector Asset Management is expanding its universe of investment strategies by adding a new global macro fund, according to a post on the Sector website. The fund, named “Sector Zenon”, will be managed by Kjetil Høyland and Alexander Lunde. Høyland and Lunde join from Gjensidige Forsikring where Høyland acted as CIO and head of the tactical asset allocation[Read More…]

by 30/08/2017
Maersk’s tanker unit invests in quant hedge fund

Maersk’s tanker unit invests in quant hedge fund

Stockholm (HedgeNordic) – The Danish company Maersk has taken an undisclosed stake in CargoMetrics, a quantitative hedge fund backed by the likes of Paul Tudor Jones and Google’s Eric Schmidt, to improve fleet deployment, according to Reuters. The Copenhagen-based tanker company, which is part of Danish shipping group AP Moller-Maersk, has taken an undisclosed but “significant” stake in the Boston-based[Read More…]

by 25/08/2017
Nordic Cross in Multiple Hedge Fund Launch

Nordic Cross in Multiple Hedge Fund Launch

Stockholm (HedgeNordic) – Nordic Cross Asset Management, a Swedish fund management company founded in 2016 by Caram (owned by the private equity company Altor) and a group of key people from Catella Fonder, is launching two new hedge funds and an additional one in the autumn of 2017, a press release states. The new fund launches follow on an approval[Read More…]

by 25/08/2017
Long equity exposure no reason to doubt CTA crisis protection – RPM

Long equity exposure no reason to doubt CTA crisis protection – RPM

Stockholm (HedgeNordic) – In its most recent research piece, Swedish CTA-specialist RPM argue that the current long equity exposure of systematic trend following strategies is by no means a reason to doubt the efficiency of these strategies to capture so-called crisis alpha. “When an equity crisis sets in, CTAs are typically long equities and, thus, will suffer losses from this[Read More…]

by 23/08/2017
Industry trend confirmed – hedge fund managers offer reduced fees

Industry trend confirmed – hedge fund managers offer reduced fees

Stockholm (HedgeNordic/BarclayHedge) – A hedge fund survey from alternative investment database provider BarclayHedge, confirms the trend of lower fees in the hedge fund industry. According to BarclayHedge´s July 2017 survey, 36.6 percent of hedge fund managers respond that they currently offer reduced or no fee alternatives to their investors and a further 20 percent plan to offer lower or no[Read More…]

by 21/08/2017