Articles by: Jonathan Furelid

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
IPM and Aktie-Ansvar end Kvanthedge cooperation

IPM and Aktie-Ansvar end Kvanthedge cooperation

Stockholm (HedgeNordic) – IPM and Aktie-Ansvar have mutually agreed to end their cooperation regarding the management of the Graal Kvanthedge Fund, where IPM has acted as the investment manager since the fund launched in October 2010. According to a press release from IPM, their focus will instead be to distribute its IPM Systematic Macro UCITS Fund on the Swedish market. The UCITS[Read More…]

by 05/05/2017
Announcing the winners: Best Nordic CTA 2016

Announcing the winners: Best Nordic CTA 2016

Stockholm (HedgeNordic) – In what was a challenging year for the CTA industry overall, there were some funds clearly standing out from the crowd, significantly outperforming industry benchmarks. In the Nordic hedge fund space, both funds from IPM; Systematic Macro and Systematic Currency, had a stellar year with gains of 7.4% and 9.5% respectively which compares favourably to the NHX CTA[Read More…]

by 02/05/2017
Announcing the winners: Rookie of the Year   

Announcing the winners: Rookie of the Year   

Stockholm (HedgeNordic) – Rookie of the year is one of HedgeAwards two special categories, recognizing a newcomer on the Nordic hedge fund scene. The category was introduced ahead of the 2015 event, with the first winner being the long short equity fund Elementa from Elementa Management. This year, the award went to the team behind the direct lending fund, Scandinavian[Read More…]

by 02/05/2017
Ress Life Investments posts record month

Ress Life Investments posts record month

Stockholm (HedgeNordic) – The net asset value for Ress Life Investments A/S increased by 5.12% during March, the best single month for the fund since inception in 2011. The fund was also among the top performing Nordic hedge funds during the month. The main contributing factor to the strong portfolio performance was several insurance policies maturing. “Maturities occur as expected,[Read More…]

by 25/04/2017
Nordic hedge funds march on in March

Nordic hedge funds march on in March

Stockholm (HedgeNordic) – Nordic hedge funds, as expressed by the Nordic Hedge Index NHX, gained an estimated 0.37% in March (79% reported), bringing the year-to-date performance to 1.53%. The month was characterized by a positive sentiment overall for Nordic hedge funds with all NHX sub-categories but one showing positive returns. Multi-strategy and fixed income strategies performed particularly well with gains of[Read More…]

by 24/04/2017
CTA returns remain muted in first quarter, Nordic managers lag

CTA returns remain muted in first quarter, Nordic managers lag

Stockholm (HedgeNordic) – The Nordic CTA industry had another lacklustre quarter in Q1 2017, lagging the SG CTA and Trend indices but outperforming an even weaker showing for the Barclay BTOP50. When the dust settled by the end of March, the NHX CTA index had lost an estimated 1,4 percent during the quarter, to be compared to a net gain[Read More…]

by 13/04/2017
Nordic hedge funds nominated for performance awards

Nordic hedge funds nominated for performance awards

Stockholm (HedgeNordic) – A number of high profiled Nordic hedge funds have been short listed for this year´s European Hedge Fund Performance Awards, hosted by HFMWeek. A summary of the Nordic contestants is to be found below. The winners will be announced in London on April 27.   Credit long term performance 5 years: Capital Four Credit Opportunities Fund Event[Read More…]

by 29/03/2017