CTA

Nordic CTAs Recoup Some First-Quarter Losses

Nordic CTAs Recoup Some First-Quarter Losses

Stockholm (HedgeNordic) – Nordic CTAs as a group enjoyed a positive month in April, a month characterized by mixed performance across managers and sub-strategies. Nordic trend-following CTAs, as measured by the NHX CTA Index, were up 0.4 percent in April (100 percent reported), recouping some of the losses incurred in the first four months of 2018 (down 2.2 percent YTD).[Read More…]

by 16/05/2018
Katy Kaminski joins AlphaSimplex

Katy Kaminski joins AlphaSimplex

Stockholm (HedgeNordic) – AlphaSimplex Group, LLC an affiliate of Natixis Investment Managers, has announced it has hired Dr. Kathryn Kaminski as the firm’s chief research strategist. Dr. Kaminski joins AlphaSimplex from the MIT Laboratory for Financial Engineering. A veteran in the hedge fund industry, she is regarded as an expert in alternative asset classes with a specific concentration in managed[Read More…]

by 02/05/2018
Recovery from February Woes Postponed for Nordic CTAs

Recovery from February Woes Postponed for Nordic CTAs

Stockholm (HedgeNordic) – The spell of bad luck continued for Nordic CTAs in March, after having suffered their worst month on record in February. Nordic trend-following CTAs, as measured by the NHX CTA Index, were down 0.6 percent in March (95 percent reported), bringing the performance for the first quarter of the year to a negative 2.4 percent. The world’s[Read More…]

by 10/04/2018
Nordic CTAs Suffer Worst Month on Record

Nordic CTAs Suffer Worst Month on Record

Stockholm (HedgeNordic) – After having enjoyed a strong start to 2018, Nordic CTAs, as measured by the NHX CTA Index, experienced their worst month on record in February. The NHX CTA was down 4.9 percent last month (100 percent reported), as trends broke across all sectors except for fixed income. This NHX sub-category is down 1.8 percent year to date.[Read More…]

by 15/03/2018
Svante Bergström - Lynx

“The worst is behind us” says Lynx´s Bergström

Stockholm (HedgeNordic) – In an interview with Swedish business journal Dagens Industri, Svante Bergström (pictured), founder and CEO of the 5,3 billion USD systematic hedge fund Lynx, says that the “worst is behind us” referring to the sharp trend reversal seen in February where Lynx lost about 14 percent and the last three years of lackluster performance for the fund.[Read More…]

by 10/03/2018
February Volatility Spike Beats CTAs to the Ground

February Volatility Spike Beats CTAs to the Ground

Stockholm (HedgeNordic) – Computer-driven, trend following hedge funds or CTAs recorded their worst month in 17 years in February, data from Barclayhedge and SocGen Prime Services suggest. The move is largely explained by losses caused from the sudden volatility spike that was seen on February 5 and that coincided with sharp trend reversals in many markets where CTAs had built[Read More…]

by 01/03/2018
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
Nordic CTAs Disappoint One Last Time in 2017

Nordic CTAs Disappoint One Last Time in 2017

Stockholm (HedgeNordic) – Nordic CTAs ended 2017 on a negative note, as two-thirds of the NHX CTA Index members reported losses for December. As a result, Nordic CTAs recorded their second-worst annual performance since 2005, reflecting choppy trends across sectors and markets. The NHX CTA Index was down 0.7% in December and the full-year loss widened to 2.4%, concluding the[Read More…]

by 18/01/2018
Round Table Discussion: CTA & Systematic Macro

Round Table Discussion: CTA & Systematic Macro

Stockholm (HedgeNordic) -At HedgeNordic, it has become a much-treasured tradition to close the year with a roundtable discussion among systematic macro and CTA managers spiced up with some local allocators. This year, for the first me, we invited our guests not to Stockholm, but to Finland ́s capitol, Helsinki. The city was preparing for the climax to the celebrations for[Read More…]

by 11/01/2018
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
No One-Trick Pony

No One-Trick Pony

Stockholm (HedgeNordic) – Coeli Prognosis Machines, a systematic macro strategy combining financial models with artificial intelligence to make investments in a wide array of asset classes, is the second-best performing fund within the NHX CTA category this year after returning 10.4% year-to-date. Most strikingly, the strategy developed and managed by Alex Gioulekas, one of the founding members of multi-billion systematic[Read More…]

by 30/11/2017
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
Runestone Capital Fund Enters NHX

Runestone Capital Fund Enters NHX

Stockholm (HedgeNordic) – Runestone Capital Fund, an absolute return fund started by two Nordic-born managers, was added to the Nordic Hedge Index (NHX). The fund, managed out of London, was launched in May 2015 and trades VIX-related volatility instruments such as VIX futures, exchange-traded notes, and options. The fund falls under the umbrella of Runestone Capital, co-founded by Norwegian national[Read More…]

by 27/10/2017
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
AIMA Highlights Benefits of CTAs

AIMA Highlights Benefits of CTAs

Stockholm (HedgeNordic) – Fresh research shows that investor portfolios containing managed futures funds perform better and exhibit less risk than those without them. Despite occasionally experiencing periods of underperformance, managed futures funds can provide competitive risk-adjusted and non-correlated returns coupled with limited drawdowns. Managed futures strategies represent one of the main alternative investment strategies, accounting for roughly $340 billion in[Read More…]

by 03/10/2017
Mixed Performance for Estlander & Partners Strategies in August

Mixed Performance for Estlander & Partners Strategies in August

Stockholm (HedgeNordic) – The family of Estlander & Partners (E&P) strategies posted mixed performance in August, with the firm’s Presto strategy topping the list of the best-performing Nordic commodity trading advisers (CTAs) in August. E&P currently manages approximately $381 million in assets under management through investment programs Estlander & Partners Freedom, Estlander & Partners Alpha Trend, and separate customized mandates.[Read More…]

by 07/09/2017
Trend-Following Alfa Axiom Fund Stages a Comeback in July

Trend-Following Alfa Axiom Fund Stages a Comeback in July

Stockholm (HedgeNordic) – Trend-following fund Alfa Axiom Fund generated a whopping return of 8.30% in July, reducing the fund’s year-to-date loss to 5.15%. This represents the fund’s most profitable month since achieving a return of 8.38% in January 2015. The July return came as a breath of fresh air for Alfa Axiom Fund, as the fund was down a worrying[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
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