CTA

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
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
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
The Mystery of Historically Low Volatility

The Mystery of Historically Low Volatility

Stockholm (HedgeNordic) – One of the biggest mysteries in the world of financial markets in the still young Trump era has been the historically low level of volatility despite all the turmoil and geopolitical uncertainties prevailing across the globe. The current state of the world demands a significantly higher volatility according to the president of the Federal Reserve Bank of[Read More…]

by 27/06/2017
Mixed CTA May Performance Shows Few Points of Light

Mixed CTA May Performance Shows Few Points of Light

Stockholm (HedgeNordic) – The latest performance figures for the Societe Generale (SG) CTA indices are showing a flatish performance overall for CTAs in May, punching in at -0.18% for the month and -2.76% YTD, contributing to an already dismal 2017 in which the strategy has found it hard to hold head above water globally. The overall trend suggested by the[Read More…]

by 09/06/2017
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
IPM Systematic Approach Pays Off Amid Trump Deflation

IPM Systematic Approach Pays Off Amid Trump Deflation

Stockholm (HedgeNordic) – Deflating hopes about U.S. President Donald Trump’s reflation effect have proved highly beneficial to Swedish investment manager Informed Portfolio Management (IPM), with its Systematic Macro Fund outperforming benchmarks such as the HFRX Macro Systematic Diversified CTA Index and the NHX Nordic Hedge Fund Index amid growing doubts about U.S. President Donald Trump’s ability to achieve key aspects[Read More…]

by 30/05/2017
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
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