CTA

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
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