Hedge Fund News

Month in Review: NHX November 2017

Month in Review: NHX November 2017

Stockholm (HedgeNordic) – Nordic hedge funds, as expressed by the Nordic Hedge Index (NHX), lost an estimated 0.5% in November (88% reported), interrupting a four-month streak of positive performance that started in July. The NHX Composite is up 2.7% year-to-date through the end of November. All five NHX sub-categories amassed losses, save for fixed-income funds. CTAs suffered yet another month[Read More…]

by 14/12/2017
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
NHX can’t keep up

NHX can’t keep up

Stockholm (HedgeNordic) Global Hedge funds marked their 13th consecutive month of positive returns in November with 0.47% average returns for the month, according to eVestment’s latest Hedge Fund Industry Performance Report. The Nordic region, measured by the Nordic Hedge Index (NHX) did not fare as well, clocking in three negative months in the same period. Alone in November NHX Composite[Read More…]

by 14/12/2017
Nordic Equity Funds Feel the Heat

Nordic Equity Funds Feel the Heat

Stockholm (HedgeNordic) – Nordic equity hedge funds recorded their worst monthly performance year-to-date, as Nordic equity markets got hammered in November. Equity-focused hedgies, as measured by the NHX Equities, tumbled 0.7% last month (96% reported), trimming their average year-to-date gains to just 2.8%. Nordic equity hedge funds performed much better than the overall market in November, as Nordic equity markets,[Read More…]

by 12/12/2017
Fund of Funds Fusion Completed

Fund of Funds Fusion Completed

Stockholm (HedgeNordic) – Atlant Multi-Strategy Internal and Atlant Multi-Strategy External, two funds of hedge funds managed by Swedish asset manager Atlant Fonder AB, were merged on December 1st, 2017. As previously communicated, the merger is designed to streamline the fund range, enhance management efficiency, and reduce administrative costs. As a result of the merger, fund units in the Multi-Strategy External[Read More…]

by 07/12/2017
Hedge Fund Mirage – Revisiting the Arguments

Hedge Fund Mirage – Revisiting the Arguments

Stockholm (HedgeNordic) – Regulators and data gatherers estimate the global hedge fund industry to be worth more than $3 trillion in assets under management, but London-based asset manager Winton Group puts that figure at only $850 billion. The renowned firm challenges widely-accepted industry figures by questioning the definition of a hedge fund. As previously reported by HedgeNordic, Winton executives launched[Read More…]

by 06/12/2017
Systematic FX Finally Taking Off

Systematic FX Finally Taking Off

Stockholm (HedgeNordic) –Swedish FX International AB joined forces with Slovakian asset management firm Valor o.c.p. to launch a systematic hedge fund trading in foreign exchange markets, called Valor Global FX. Valor Global FX aims to generate absolute returns in all types of market conditions by entering into short-term positions in foreign exchange markets. The fund’s model relies upon Valor’s time-tested[Read More…]

by 05/12/2017
Special Report: Alternative Fixed Income

Special Report: Alternative Fixed Income

Stockholm (HedgeNordic) – We are pleased to be publishing a special report on alternative fixed income strategies. To tease you into the paper, here some of the highlights: We were able to scrutinize the claim that there is always value in global bond markets while critically asking if fixed income markets are actually overvalued, Helsinki based AIM Capital tells us how[Read More…]

by 01/12/2017
One Team, Two Launches

One Team, Two Launches

Stockholm (HedgeNordic) – Gothenburg-based asset manager Strukturinvest Fondkommission plans to launch two credit-oriented hedge fund strategies that aim to generate returns irrespective of interest rate changes. The firm’s Chief Investment Officer Sean George and Lead Portfolio Manager Ulf Erlandsson will be managing the funds jointly. One of the funds called the Hamiltonian Global Credit Opportunities fund, will search for long,[Read More…]

by 30/11/2017
Catella Secures Continued Control Over IPM

Catella Secures Continued Control Over IPM

Stockholm (HedgeNordic) – Swedish asset manager Catella secured continued control over systematic investment manager IPM Informed Portfolio Management AB (IPM) after signing an agreement to purchase shares from several shareholders in IPM B.V., a Dutch holding company owning approximately 75% of IPM. IPM has been a subsidiary of the Catella Group since 2014 through direct and indirect ownership of 50.7%[Read More…]

by 28/11/2017
Five Awards for Three Nordic Performers

Five Awards for Three Nordic Performers

Stockholm (HedgeNordic) – Last week, Danish manager MOMA Advisors took home two awards at the Hedge Funds Review’s European Performance Awards Ceremony in London. Fellow Nordic hedge-fund managers Peak Asset Management and Nordkinn Asset Management were also rewarded on the same occasion. Peak received the Best sub-$100m hedge fund and Best multi-strategy emerging manager awards for its Peak Core Strategies[Read More…]

by 28/11/2017
KTH opens Brummer & Partners MathDataLab

KTH opens Brummer & Partners MathDataLab

On 17 November the Brummer & Partners MathDataLab at the Department of Mathematics at the KTH Royal Institute of Technology in Stockholm was inaugurated. The goal is to create a hub for mathematical research into complex data analysis.The initiative has been made possible through a SEK 15.5 million research grant to KTH from Brummer & Partners. KTH is now building[Read More…]

by 23/11/2017
Europe’s First Bitcoin Fund

Europe’s First Bitcoin Fund

Stockholm (HedgeNordic) – France-based asset manager TOBAM announced the launch of Europe’s first bitcoin mutual fund in an attempt to meet the institutional demand for the cryptocurrency. Although the TOBAM Bitcoin Fund was set up as an alternative investment fund instead of a UCITS structure, the fund provides daily liquidity similar to most UCITS mutual funds. The TOBAM Bitcoin fund[Read More…]

by 23/11/2017
Different Shades of Blue

Different Shades of Blue

Stockholm (HedgeNordic) – Yesterday, Tuesday November 21, Man Group held a breakfast seminar at the Grand Hotel in Stockholm dedicated to institutional investors. Presentations spanned over four different aspects of alternative investments, all covered by Man Group’s umbrella which comprises distinct specialised asset management styles: AHL, Numeric (both quantitative strategies), GLG, FRM (both discretionary managers), and Global Private Markets. The[Read More…]

by 22/11/2017
Funds of Hedge Funds Consolidate in Fight for Survival

Funds of Hedge Funds Consolidate in Fight for Survival

Stockholm (HedgeNordic) – The fund of hedge funds industry has experienced a noticeable drop in assets under management in recent years, as institutional investors such as public pension funds have moved capital out of multi-manager vehicles in favour of picking fund managers directly. According to alternative assets data provider Preqin, funds of hedge funds collectively manage $798 billion as of[Read More…]

by 22/11/2017
Swedish Domestic Market: Proceed Cautiously

Swedish Domestic Market: Proceed Cautiously

Stockholm (HedgeNordic) – PriorNilsson Idea, a long/short equity-focused hedge fund managed by Swedish asset manager PriorNilsson Fonder, has generated a cumulative return of 194.5% since its inception in January 2006, equating to an annual compound rate of 9.6%. The fund’s performance has been solid in recent years, with the fund being on track to deliver an annual return in excess[Read More…]

by 16/11/2017
Nordic Equities Need Christmas Magic

Nordic Equities Need Christmas Magic

Stockholm (HedgeNordic) – Nordic equity-focused hedge funds, as measured by the NHX Equities, extended their average year-to-date return to 3.6% after gaining 0.5% in October (95% reported). Despite the mild post-summer recovery in performance, the average Nordic equity fund is on course to suffer the worst annual result since 2011 unless some Christmas magic rewards fund managers with substantial gains[Read More…]

by 16/11/2017
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
Cheap Hedging to the Rescue

Cheap Hedging to the Rescue

Stockholm (HedgeNordic) – The Catella Nordic Long Short Equity fund, a Nordic-focused absolute return equity fund, gained 5.1% year-to-date through the end of last week, with most gains in the second half of the year. This mid-single-digit return follows three consecutive years of annual returns above 10%. Catella Nordic Long Short Equity enjoyed a rebound in September, as the fund[Read More…]

by 13/11/2017
Winning Nordic Emerging Managers in London

Winning Nordic Emerging Managers in London

Stockholm (HedgeNordic) – Last week in London, EuroHedge awarded prizes to the best Emerging Fund Managers within several hedge fund categories in Europe. This award ceremony complements the long-standing EuroHedge awards ceremony which is traditionally held in January and showcases managers that have typically smaller funds or shorter track-records. There were four categories in which the jury chose the winners,[Read More…]

by 13/11/2017