Articles by: Jonathan Furelid

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
Hedge Funds Regain Appeal for Ilmarinen

Hedge Funds Regain Appeal for Ilmarinen

Stockholm (HedgeNordic) – In a recent interview with Bloomberg, Mikko Mursula (pictured), the chief investment officer of Ilmarinen Mutual Pension Insurance Co., says “we are feeling more positive about hedge funds than a couple of years ago.” What has spurred the regained appeal for hedge funds at the 57 billion dollar Finnish asset manager is, according to the interview, the belief[Read More…]

by 19/02/2018
In search for small-cap growth – Nordic Cross in new fund launch

In search for small-cap growth – Nordic Cross in new fund launch

Stockholm (HedgeNordic) – Nordic Cross Asset Management, the alternative investment management company that runs under the Caram umbrella organisation, just recently launched its third fund – Nordic Cross Small Cap Edge. The launch follows on the two launches that were made last year; Nordic Cross Total Return Bond Fund and Nordic Cross Stable Return. The new fund is managed by[Read More…]

by 09/02/2018
Millennium Trends elevate Pacific Multi Asset

Millennium Trends elevate Pacific Multi Asset

Stockholm (HedgeNordic) – Pacific Multi Asset, the multi-asset liquid alternatives fund managed by Pacific Fonder, has reached new all-time high levels in January spurred by trends in what the portfolio manager Eric Strand (pictured) refers to as the ”Millennium Trends” risk bucket. ”The millennium trends part of the portfolio seeks to benefit from trends that relates to the technological revolution[Read More…]

by 02/02/2018
CTAs rally in January to score best month in three years

CTAs rally in January to score best month in three years

Stockholm (HedgeNordic) – As January comes to a close, estimates from the world’s leading CTA benchmarks suggests an exceptionally strong month for systematic trend following managers. The Barclay BTOP50, reflecting the largest managers by assets under management, recorded its best month in over three years with early data suggesting a gain of 4.8 percent for the month. The SG CTA[Read More…]

by 30/01/2018
SEB Diversified Fondmarknaden´s best hedge fund 2017

SEB Diversified Fondmarknaden´s best hedge fund 2017

Stockholm (HedgeNordic) – SEB Diversified, the multi-strategy hedge fund managed by Hans-Olov Bornemann (pictured), was selected “Best Hedge Fund 2017” at the annual “Årets Fonder” event held in Stockholm. The event is organized by Fondab, a company running the Fondmarknaden.se fund platform that holds over 1.800 underlying funds. Commenting on the reasoning behind the winning choice, Fondmarknaden writes: “The fund[Read More…]

by 19/01/2018
Coeli Announces New Launch

Coeli Announces New Launch

Stockholm (HedgeNordic) – Coeli has recruited Mikael Petersson as fund manager for a new hedge fund soon to be launched according to a press release. Petersson has worked for a number of London hedge fund firms and will start the new hedge fund, Absolute European Equity, under the Coeli umbrella on January 2, 2018. The fund’s focus will be European[Read More…]

by 15/12/2017
CTAs Retreat Again

CTAs Retreat Again

Stockholm (HedgeNordic) – Nordic CTAs were unable to build on the positive performance experienced in October as November showed a loss of 1.3 percent for the NHX CTA index. There was significant dispersion among individual managers´ performance during the month with the best fund (SEB Asset Selection Opportunistic) adding 0.9 percent, while the worst performer (Coeli Prognosis Machines) lost 4.3[Read More…]

by 14/12/2017
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