Articles by: Jonathan Furelid

Nordic hedge funds gain in July powered by CTA comeback

Nordic hedge funds gain in July powered by CTA comeback

Stockholm (HedgeNordic) – Nordic hedge funds, as expressed by the Nordic Hedge Index NHX, gained an estimated 0.2% in July (88% reported), bringing the year-to-date performance to 1.6%. The month showed mixed performance across sub-strategies. CTAs was the best performing category recovering from recent losses. However, year-to-date, the strategy is by a wide margin the worst performing one, showing a[Read More…]

by 15/08/2017
Brummer divests Talarium

Brummer divests Talarium

Stockholm (HedgeNordic) – Brummer & Partners, through their Brummer Multi Strategy Fund (BMS) , have decided to pull the plug on the investment in long short equity fund Talarium. This according to a news release on the Brummer website. The redemption comes just about one year after Brummer decided to add the fund to its stable of hedge fund investments.[Read More…]

by 21/07/2017
Interview: Caba Capital in fixed income hedge fund launch

Interview: Caba Capital in fixed income hedge fund launch

Caba Capital is the latest addition to the successful group of fixed income hedge fund managers that have been coming out of Denmark in recent years. Following a capital raising period which, according to the fund manager has brought in DKK 200 million in initial investments (well above the DKK 100 million that was set as target), the team started[Read More…]

by 19/07/2017
Nordic CTAs add to losses in second quarter as industry suffers

Nordic CTAs add to losses in second quarter as industry suffers

Stockholm (HedgeNordic) – Nordic CTAs continued to struggle during the second quarter 2017 as the NHX CTA Index lost another 4.1% during the period, bringing the year-to-date loss to -5.8%. This was largely in line with global industry benchmark as the SG CTA Index and the Barclay BTOP50 Index posted losses of 3.5% and 3.1% respectively. The managed futures industry[Read More…]

by 17/07/2017
Nordic hedge funds negative in June, CTAs continued to weigh

Nordic hedge funds negative in June, CTAs continued to weigh

Stockholm (HedgeNordic) – Nordic hedge funds, as expressed by the Nordic Hedge Index NHX, lost an estimated 0.5% in June (90% reported), bringing the year-to-date performance to 1.5%. The month showed mixed performance across sub-strategies with CTAs again underperforming posting a loss of 3.1% (-5.9% YTD) while fixed income strategies continued to shine gaining an addtional 0.6% and thereby enhancing[Read More…]

by 16/07/2017
Svante Bergström - Lynx

Lynx extends worst drawdown since inception following June setback

Stockholm (HedgeNordic) – Swedish CTA giant Lynx, headed by CEO and founding partner Svante Bergström (pictured), posted one of its worst monthly losses since inception in June (only 5 months have been worse according to HedgeNordic data) as the high profiled trend follower gave back 6.9%, bringing year-to-date performance to -13.2% for its flagship fund. This means that the fund is[Read More…]

by 16/07/2017
Sweden holds highest hedge fund allocations in Europe

Sweden holds highest hedge fund allocations in Europe

Stockholm (HedgeNordic) – Sweden-based investors have the highest mean current allocation to hedge funds of any European country, with institutions committing 13.4% of their AUM to the industry, above the Europe-based average of 10.3%. This according to a recently published report on the European hedge funds industry by Preqin. According to the report, Sweden has the third largest hedge fund industry[Read More…]

by 29/06/2017
Directional volatility key to turnaround for CTAs, RPM argue

Directional volatility key to turnaround for CTAs, RPM argue

Stockholm (HedgeNordic) – In Wednesday´s edition of EFN TV’s “Börslunch Special”, a local Swedish television show covering financial markets, RPM’s executive Vice President Per Ivarsson (pictured) talked about the recent weak performance of CTAs and what would be required for it to turn around. Walking through the most recent development for the CTA industry, Ivarsson pointed to the fact that[Read More…]

by 29/06/2017
Excalibur´s Pohjanen eyes Riksbank tightening by year-end

Excalibur´s Pohjanen eyes Riksbank tightening by year-end

Stockholm (HedgeNordic) – Thomas Phojanen (pictured), CEO and Portfolio Manager of Swedish hedge fund Excalibur, expects Sweden´s central bank, the Riksbank, to begin raising interest rates already this year. In an interview with Bloomberg, Pohjanen was quoted as saying: “We’re moving into a time when the Riksbank will gradually change its monetary signalling. When it happens, one should buy protection[Read More…]

by 27/06/2017
Nordic hedge funds flat in May, Accendo and Brummer among winners

Nordic hedge funds flat in May, Accendo and Brummer among winners

Stockholm (HedgeNordic) – Nordic hedge funds, as expressed by the Nordic Hedge Index NHX, lost an estimated 0.06% in May (85% reported), bringing the year-to-date performance to 2.1%. The month was characterized by a disparity of returns between the strategy groups underlying the NHX Index. While CTAs in particular continued to weigh on performance, losing another 0.96% to bring year-to-date[Read More…]

by 16/06/2017
Mikael Spångberg (left) and Ola Paulsson

Brummer reshuffles leadership as Jäntti steps down

Stockholm (HedgeNordic) – Brummer & Partners are making changes to the organisation’s leadership following a self-requested resignation from the current CEO Klaus Jäntti. Ola Paulsson (pictured right) has been named new CEO for the group. Paulsson has been with Brummer since 2004 and has worked closely with management and the Board of Directors on group-related matters for many years. His most[Read More…]

by 08/06/2017
CTAs more than just a tail risk hedge – Bornemann

CTAs more than just a tail risk hedge – Bornemann

Stockholm (HedgeNordic) – In a recent interview with Citywire, Hans-Olov Bornemann (pictured), who is heading the quant team behind the SEB Asset Selection Fund, explained why CTAs are more than just a tail risk hedge and that the strategy has fared well also in upward sloping markets. “CTAs do perform very well in volatile markets, or more specifically in negative[Read More…]

by 07/06/2017
New Adrigo L/S Fund Nabs Origo’s Östlin

New Adrigo L/S Fund Nabs Origo’s Östlin

Stockholm (HedgeNordic) – Staffan Östlin, now former Portfolio Manager of the Swedish long/short equity hedge fund Origo Quest 1 , will henceforth act as PM of the soon-to-be launched hedge fund Adrigo Small & Mid Cap L/S from Adrigo Hedge, the division managed by Adrigo Asset Management. Following ten successful years culminating in AUM approaching the SEK 3 billion mark, Adrigo[Read More…]

by 06/06/2017
Facebook most held position by hedge funds

Facebook most held position by hedge funds

Stockholm (HedgeNordic) – Facebook is the most widely held position among major global hedge funds according to the latest hedge fund ownership report from Novus, which tracks trends in international filings for over 5.000 hedge funds. According to Novus data, hedge funds had more than 5 percent of stock ownership in the social media giant translating into an underlying value[Read More…]

by 02/06/2017
Origo adds UK client relationship manager

Origo adds UK client relationship manager

Stockholm (HedgeNordic) – Origo Capital, the Stockholm based activist long/short equity hedge fund manager, has added Teddy Belin as client relationship manager for the UK. Belin will take care of Origo’s relationships with the UK community of institutional investors a press release states. Teddy Belin has 25 years of experience within the asset management industry in roles including Head of[Read More…]

by 02/06/2017
Resscapital appoints Managing Director

Resscapital appoints Managing Director

Stockholm (HedgeNordic) – The board of Resscapital has appointed Gustaf Hagerud (pictured) as new Managing Director for the company, a press release states. Hagerud has over 30 years of experience in the financial industry. Prior to joining Resscapital, he worked during two years for a fund manager in London. Before his move to London, Hagerud was deputy CEO and Head of Asset[Read More…]

by 01/06/2017
Nordic hedge funds build on momentum in April

Nordic hedge funds build on momentum in April

Stockholm (HedgeNordic) – Nordic hedge funds, as expressed by the Nordic Hedge Index NHX, gained an estimated 0.57% in April (93% reported), bringing the year-to-date performance to 2.18%. This was the 10th consecutive monthly gain for the index. The month was characterized by a positive sentiment overall for Nordic hedge funds with all NHX sub-categories but one showing positive returns.[Read More…]

by 23/05/2017
Interview: Carl Rydin – Origo Capital

Interview: Carl Rydin – Origo Capital

Stockholm (HedgeNordic) – Last week, the Swedish activist hedge fund manager Origo Capital announced the hire of Carl Rydin (pictured) as new portfolio manager. Carl, who joins from the US long/short equity hedge fund Lucerne Capital, will be added to the team of analysts behind the Origo Quest 1 fund. In an interview with HedgeNordic, Carl explains how he identifies[Read More…]

by 15/05/2017
United Bankers ups weight in Swedish property

United Bankers ups weight in Swedish property

Stockholm (HedgeNordic) – United Bankers, the Finnish asset manager  focusing on REITs funds, have through its UB Real REIT Fund increased  the weight to Swedish property shares. The Swedish market is now the  second biggest in the fund, according to the fund´s monthly commentary. The UB Real REIT Fund, which invests in listed property shares and REIT’s, has built positions[Read More…]

by 12/05/2017
Origo strengthens team with additional analyst

Origo strengthens team with additional analyst

Stockholm (HedgeNordic) – Origo Capital, the Stockholm-based activist long/short equity manager that manages the Origo Quest 1 hedge fund, announces the addition of Carl Rydin (pictured) as a new key member of the staff. Rydin will join the investment team, which currently consists of Stefan Roos and Staffan Östlin, as Investment Analyst, according to a press release. Rydin has international experience from both[Read More…]

by 10/05/2017