Articles by: Jonathan Furelid

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
Nordic CTAs recover in July, trend followers in bad international company on year

Nordic CTAs recover in July, trend followers in bad international company on year

Stockholm (HedgeNordic) – Nordic CTAs, as measured by the Nordic Hedge CTA Index (NHX CTA), gained 2.37 percent in July and thereby recovered from recent losses. Year-to-date, the index is still in firm negative territory with losses mounting to 3.64%. In July, the best performing manager was the Alfa Axiom Fund from Alfakraft, with gains of 8,3 percent, closely followed[Read More…]

by 17/08/2017
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