CTA

Bring out the cook!

Bring out the cook!

Stockholm (HedgeNordic) – There are few pop bands I dislike more than the “Pet Shop Boys”. One line of their lyrics to „Opportunities” I find though describes how many shops in the asset management space divide the roles among their marketing teams and portfolio management: “I’ve got the brains you’ve got the looks. Let’s make lots of money.“ While working[Read More…]

by 18/04/2017
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
CTAs recovering in February – gain on year following uninspiring 2016

CTAs recovering in February – gain on year following uninspiring 2016

Stockholm (HedgeNordic) – Systematic futures trading strategies, widely referred to as CTAs, have rebounded strongly in February following a period of lacklustre performance, early estimates suggest. The SG CTA index, which is the primary industry benchmark composed by Societe Generale Prime Services, had made gains of 2,48% as of February 20, more than compensating for a 1.13% loss from the[Read More…]

by 22/02/2017
HedgeNordic CTA Roundtable 2016

HedgeNordic CTA Roundtable 2016

Stockholm (HedgeNordic) – For CTAs and quant macro strategies, 2016 was another challenging year. Generally, the strategy group benefited from external market shocks such as worries over China in the beginning of the year and from the fallout of the UK referendum translating into a “Brexit” vote in June. However, rising bond yields in the second half of the year weighed on[Read More…]

by 31/01/2017
CTAs end 2016 on a positive note

CTAs end 2016 on a positive note

CTAs continued to head north during the last two weeks of December adding to an already positive month. The currency bucket was the leading contributor. Systems benefited from their long USD positioning as global currencies continued to fall versus the greenback. Equities also led to profits with major contributions from the Japanese and European markets especially during the 3rd week[Read More…]

by 03/01/2017
10 Years with SEB Asset Selection

10 Years with SEB Asset Selection

Stockholm (HedgeNordic) – On 3 October 2016,  SEB Asset Selection celebrated its 10th anniversary since inception. The funds portfolio manager, Hans-Olov Bornemann (pictured) and SEBs Global Quant team took this as an opportunity to do a long term performance evaluation of the fund. In the white paper 10 Years with SEB Asset Selection – A Comprehensive Performance Evaluation, the fund’s performance is reviewed from[Read More…]

by 02/12/2016
RPM awarded best European Multi-Manager CTA

RPM awarded best European Multi-Manager CTA

Stockholm (HedgeNordic) – RPM Evolving CTA Fund, the multi-manager CTA fund managed by Swedish RPM Risk & Portfolio Management, was awarded “Best Multi-Manager CTA Fund” at the CTA Intelligence European Awards on Wednesday, November 30. The award was a result of strong performance during the period July 1, 2015 and June 30, 2016, which formed the basis for evaluation. During[Read More…]

by 01/12/2016
Man AHL launches second annual coding competition for students

Man AHL launches second annual coding competition for students

Man AHL, Man Group’s diversified quantitative investment manager, today announces that applications are now open for the second annual Man AHL Coder Prize, a coding competition for students with a top prize of £5,000. The Man AHL Coder Prize, which launched last year for students in the UK and Ireland, is now also open to entrants based in the EU1[Read More…]

by 16/11/2016
Nordic CTAs give up gains for 2016

Nordic CTAs give up gains for 2016

Stockholm (HedgeNordic) – Having stormed through the turbulent first two months of 2016 and again adding massive gains post Brexit, Nordic CTAs were in a good position to record solid year-to-date returns going into autumn. However, following a stream of negative months since July, the NHX CTA Index, a composite index of Nordic CTA managers, has lost significant ground. At[Read More…]

by 10/11/2016
Nordic CTAs nominated for European Performance Awards

Nordic CTAs nominated for European Performance Awards

Stockholm (HedgeNordic) – A number of Nordic CTAs have been shortlisted for the CTA Intelligence European Performance Award, to be held in London on November 30. Among the names are well established players such as Lynx and SEB Asset Selection as well as some newcomers including Brummer & Partners Florin Court and SEB Diversified. All nominees are Swedish or Sweden-linked.[Read More…]

by 26/10/2016
CTAs adjust long fixed income exposure amid rising bond yields

CTAs adjust long fixed income exposure amid rising bond yields

Stockholm (HedgeNordic) – As fixed income markets have faced some pressures lately, CTAs have sharply adjusted their long exposures to the sector. Trend followers have even turned their US fixed  income exposure and is now short duration in US bonds. Meanwhile their long European fixed income exposure has been massively shaved off, from 87% of net assets to 24% in[Read More…]

by 26/10/2016
September Stronghold for IPM

September Stronghold for IPM

Stockholm (HedgeNordic) – IPM Informed Portfolio Management, the Swedish systematic investment manager offering macro and equity portfolio solutions to institutional investors globally, reported a healthy September with a 3.60% rise for its Systematic Macro Fund  (+6.7% YTD) and its Systematic Currency Fund  up 1.68% (+17% YTD). The returns were by comparison to a 0.5% increase on the MSCI world and[Read More…]

by 16/10/2016
Shepherd under steam in September

Shepherd under steam in September

Stockholm (HedgeNordic) – Shepherd Energy AB, which manages the Shepherd Energy Portfolio and Shepherd Power Series Fund , reported a 0.42% rise for the former and an impressive 5.72% increase for the latter in September. The Shepherd Energy Portfolio, rising 0.42% in September, is described by Shepherd as a managed futures portfolio in the Nordic Power Market using standardised futures,[Read More…]

by 12/10/2016
CTAs suffer in September, turning Q3 negative

CTAs suffer in September, turning Q3 negative

Stockholm (HedgeNordic) – September turned out to be a difficult month for CTA strategies, with the  SG CTA Index entering negative territory for the first full quarter since Q2 2015.The index ended the month down 1.20 per cent, according to figures from Societe Generale Prime Services. All of SG’s managed futures indices had negative performance in September, with the SG Trend[Read More…]

by 11/10/2016
IPM wins Italian mandate

IPM wins Italian mandate

Stockholm (HedgeNordic) – An Italian institution has allocated 40 million euro to Swedish macro firm IPM and managed futures giant Winton, according to HFM Week. The unnamed Italian investor was seeking two to three “best of breed managers” to share a 50 million euro mandate for its portfolio across a subset of liquid alternative strategies, according to search documents seen[Read More…]

by 22/09/2016
How CTAs cope with the nearing end of a bond super cycle

How CTAs cope with the nearing end of a bond super cycle

Stockholm (HedgeNordic) – Systematic trend following futures strategies, formerly known as Commodity Trading Advisors or CTAs, have for the most part benefited from the sustained decline in global interest rates over the past few decades. As bond markets are approaching extreme valuations, and with implied yields trading at rock-bottom levels or even entering negative territory, how are quantitative strategies adapted, if[Read More…]

by 22/09/2016
CTAs add to losses in early September

CTAs add to losses in early September

Stockholm (HedgeNordic) – Having experienced weak numbers in August, Managed Futures strategies have added to losses in the first half of September early estimates suggest. The SG CTA Index and the Barclay BTOP50 Index are both down approximately 2 per cent on the month as of September 12 which brings the SG CTA to flat for the year while the[Read More…]

by 14/09/2016
CTA performance dips in August

CTA performance dips in August

The latest performance data for Societe General Prime Services CTA Indices shows that August was a difficult month for CTA strategies, with all managed futures indices in the red and 19 out of the 20 CTA Index constituent strategies ending August negatively. With 75% of managers having reported, the Nordic Hedge Index (NHX) CTA category indicates a downward move of[Read More…]

by 09/09/2016
Alfakraft renames Alfa Commodity Fund

Alfakraft renames Alfa Commodity Fund

Stockholm (HedgeNordic) – The Swedish quantitative hedge fund house Alfakraft has decided to change the name of its trend following fund Alfa Commodity Fund. The new name will be Alfa Axiom Fund and the name change will be carried through with immediate effect according to Alfakraft´s CEO Olof Dahlbeck. “Fund platforms are informed about the name change but most of[Read More…]

by 25/08/2016
Lyxor sees dovish Fed stance to work in favour of CTAs

Lyxor sees dovish Fed stance to work in favour of CTAs

Stockholm (HedgeNordic) – Lyxor, the French asset manager and hedge fund platform provider, remains bullish about CTAs in the near term and expects the strategy to outperform on the back of a short USD exposure. Commenting on the outlook for hedge fund strategies in their latest strategy report, Lyxor highlights CTAs as one of their strategies of choice given an[Read More…]

by 03/08/2016