Hedge Fund News

Nordic Equity Funds Barely Above Water in May

Nordic Equity Funds Barely Above Water in May

Stockholm (HedgeNordic) – Nordic equity-focused hedge funds, as measured by the Nordic Hedge Index Equities (NHX-Equities), ended May just barely in positive territory, returning a mere 0.01% (89% reporting). Meanwhile, world equity markets, as measured by the MSCI World Index, advanced 2.19% in May, while Nordic equity markets, as measured by the VINX Benchmark Index, rose 2.90% for the month.[Read More…]

by 21/06/2017
HedgeNordic Industry Report 2017

HedgeNordic Industry Report 2017

Stockholm (HedgeNordic) – HedgeNordic is pleased to announce the publication of its annual industry report covering the latest trends in the Nordic hedge fund industry. This year, we found interesting parallels between hedge funds and sports. Analogies or real-world comparisons span over horse riding, boxing, running, football, yoga and fencing as well as life after the game, great sports clubs[Read More…]

by 21/06/2017
 Man Group names  Desmyter Head of Responsible Investment 

 Man Group names Desmyter Head of Responsible Investment 

Man Group today announced the appointment of Steven Desmyter (pictured) as Head of Responsible Investment and Chair of Man Group’s Responsible Investment Committee. This position recognises his instrumental role in developing and driving forward the firm’s responsible investment capabilities, in support of clients’ needs. Steven, who is member of Man Group’s Executive Committee and Head of Sales across EMEA, will[Read More…]

by 20/06/2017
Cevian Capital: “Constructive Activism”

Cevian Capital: “Constructive Activism”

Stockholm (HedgeNordic) – Cevian Capital, the largest activist hedge fund in Europe with $15.4 billion is assets and which counts Carl Icahn among its investors, has a calm, behind-the-scenes approach and uses public pressure as a last resort, according to a just-published profile by The Economist. The Swedish fund, which was founded by Christer Gardell and Lars Forberg, employs a[Read More…]

by 16/06/2017
Handsome Payoff For Asgard Low Risk Approach

Handsome Payoff For Asgard Low Risk Approach

Stockholm (HedgeNordic) – With +19% returns in the past year, Asgard’s Fixed Income EUR 600 million Fund must be doing something right. The key lies in the fund’s preference for the safest bonds, instead of riskier ones, with a dollop of leverage on top. The Copenhagen-based fund’s investment policy is based on a top-down approach that follows a disciplined investment[Read More…]

by 16/06/2017
Hedge Funds Hold On in May – Barely

Hedge Funds Hold On in May – Barely

Stockholm (HedgeNordic) – Hedge Funds returned +0.26% in May, according to the Preqin All-Strategies Hedge Fund benchmark, marking the seventh consecutive month of positive returns. This was by comparison to a marginal -0.06% on the Nordic Hedge Index NHX Composite (85% reporting). “Hedge fund performance has continued to make ground in May, despite some concerns about slowing growth in the[Read More…]

by 16/06/2017
What Professional Poker Players Bring To The Hedge Fund Industry

What Professional Poker Players Bring To The Hedge Fund Industry

Stockholm (HedgeNordic) – In the eyes of many, trading is viewed as a fancy label for pure gambling. Indeed, most players within the financial community surely feel dishonored when they are named “gamblers” instead of “traders.” During a brief stint at a day-trading proprietary trading firm, I came to the realization that no one in the office was inclined to[Read More…]

by 14/06/2017
Storm Bond Fund Steady Through Cool May

Storm Bond Fund Steady Through Cool May

Stockholm (HedgeNordic) Storm Bond Fund, the Norwegian High Yield Fixed income fund managed by Storm Capital Management Ltd. with a primordial focus on Nordic bond markets, continues its strong winning streak despite a muted (by its recent standards) +0.6% return in May, turning in +10.7% returns YTD. This was by comparison with +0.59% returns in the NHX Nordic Fixed Income[Read More…]

by 09/06/2017
shutterstock_Nagy-Bagoly-Arpad-72753016

Pacific Fonder’s Absolute Return Funds Turn Around Performance in May

Pacific Fonder AB’s two absolute return funds – Pacific Absolute Return and Pacific Precious – finally put an end to a two-month stretch of negative performance, bringing their year-to-date return to 3.91% and 4.02%, respectively. The investment firm’s three mutual funds did not disappoint either, though the Pacific Extraordinary Brands – the fund focusing on the luxury goods sector –[Read More…]

by 09/06/2017
Mikael Spångberg (left) and Ola Paulsson

Brummer reshuffles leadership as Jäntti steps down

Stockholm (HedgeNordic) – Brummer & Partners are making changes to the organisation’s leadership following a self-requested resignation from the current CEO Klaus Jäntti. Ola Paulsson (pictured right) has been named new CEO for the group. Paulsson has been with Brummer since 2004 and has worked closely with management and the Board of Directors on group-related matters for many years. His most[Read More…]

by 08/06/2017
New Adrigo L/S Fund Nabs Origo’s Östlin

New Adrigo L/S Fund Nabs Origo’s Östlin

Stockholm (HedgeNordic) – Staffan Östlin, now former Portfolio Manager of the Swedish long/short equity hedge fund Origo Quest 1 , will henceforth act as PM of the soon-to-be launched hedge fund Adrigo Small & Mid Cap L/S from Adrigo Hedge, the division managed by Adrigo Asset Management. Following ten successful years culminating in AUM approaching the SEK 3 billion mark, Adrigo[Read More…]

by 06/06/2017
2016 Nordic Hedge Award – A Review

2016 Nordic Hedge Award – A Review

Stockholm (HedgeNordic) – A month has passed since the best Nordic hedge fund managers have been distinguished for their achievements during and up to 2016. The winning funds in their categories were distinguished in late April of 2017 in Stockholm. This was the fifth consecutive year HedgeNordic had the privilege to host this event. A summary with the highlights of[Read More…]

by 02/06/2017
Net Reduction to Hedge Funds From Billion Dollar Club

Net Reduction to Hedge Funds From Billion Dollar Club

Stockholm (HedgeNordic) – According to the latest research from Preqin, the “Billion Dollar Club” – investors who allocate US$ 1 billion or more to the hedge fund industry – continues to the grow, with a net eight institutions joining the club over the past 12 months, bringing its total membership to 242 members. This, however, is not to overlook that[Read More…]

by 02/06/2017
Origo adds UK client relationship manager

Origo adds UK client relationship manager

Stockholm (HedgeNordic) – Origo Capital, the Stockholm based activist long/short equity hedge fund manager, has added Teddy Belin as client relationship manager for the UK. Belin will take care of Origo’s relationships with the UK community of institutional investors a press release states. Teddy Belin has 25 years of experience within the asset management industry in roles including Head of[Read More…]

by 02/06/2017
Resscapital appoints Managing Director

Resscapital appoints Managing Director

Stockholm (HedgeNordic) – The board of Resscapital has appointed Gustaf Hagerud (pictured) as new Managing Director for the company, a press release states. Hagerud has over 30 years of experience in the financial industry. Prior to joining Resscapital, he worked during two years for a fund manager in London. Before his move to London, Hagerud was deputy CEO and Head of Asset[Read More…]

by 01/06/2017
Former Danske Managers Launch Caba Capital

Former Danske Managers Launch Caba Capital

Stockholm (HedgeNordic) – Former head of Danske Capital Niels-Ulrik Mousten (pictured) is joining forces with Carsten Bach, a former investment manager  at Danske Bank, to launch Caba Capital, a new hedge fund expected to attract DKK 100 million in initial investments from institutional and private investors, the Danish financial daily Børsen has reported. “We expect a high return of 8% with[Read More…]

by 01/06/2017
HCP Distinguished As Certified B Corporation

HCP Distinguished As Certified B Corporation

Stockholm (HedgeNordic) – Helsinki Capital Partners (HCP), the Finnish global asset management firm, has become the first Finnish company to be distinguished by the B Corp Certification, a measure awarded to enterprises meeting the most rigorous standards of social and environmental performance. HCP manages three funds – HCP Black, a multi-strategy fund, HCP Focus, a concentrated global long-only equity fund,[Read More…]

by 28/05/2017
Nykredit MIRA Hedges Danish Callable Bonds Market

Nykredit MIRA Hedges Danish Callable Bonds Market

Stockholm (HedgeNordic) – Nykredit MIRA, the $250 million hedge fund of Nykredit Realkredit A/S, Denmark’s biggest mortgage lender, is a relative value fund investing in fixed income with a focus on Danish mortgage bonds. The objective of the fund is to generate high absolute return using trading strategies that include leverage, short selling and derivatives. According to a profile by Bloomberg,[Read More…]

by 19/05/2017
GAMMA Appoints Co-Investment Advisor Amid Stellar Returns

GAMMA Appoints Co-Investment Advisor Amid Stellar Returns

Stockholm (HedgeNordic) – Economist Hafsteinn Hauksson has been appointed co-investment advisor of Gamma Icelandic Macro Fund and Gamma Icelandic Opportunity Fund, the two hedge funds run by Icelandic wealth manager Gamma Capital Management. Mr Hauksson, who already works out of GCM’s London office since early this year, will assist Gisli Hauksson, Gamma chairman and London CEO, in managing the fund’s[Read More…]

by 17/05/2017
Granit Recruits AP4’s Ulf Erlandsson In FI Expansion

Granit Recruits AP4’s Ulf Erlandsson In FI Expansion

Stockholm (HedgeNordic) – Granit Fonder, the Swedish fund management company, has recruited Ulf Erlandsson (pictured) from the Fourth Swedish National Pension Fund (AP4) to set up a new hedge fund later this year, according to a press release on Granit’s website. The fund will focus on climate change and green bonds, with Dr Erlandsson starting his new position as Head of[Read More…]

by 16/05/2017