Hedge Fund News

Mangold Courts Resscapital

Mangold Courts Resscapital

Stockholm (HedgeNordic) – Today, Swedish investment bank Mangold announced a bid to acquire a quarter of the existing capital of Stockholm-based alternative asset management Resscapital AB, who currently manages a Danish listed fund, Ress Life Investments A/S, investing in US life insurance contracts. The bid amounts to SEK 9.3 million (€900K), of which SEK 7 million paid in cash and[Read More…]

by 17/04/2018
Month In Review – March 2018

Month In Review – March 2018

Stockholm (HedgeNordic) – Nordic hedge funds as a group suffered losses in a volatile month of March, with equity-focused funds suffering the most due to increasing fears of a global trade war. Nordic hedge funds, as expressed by the Nordic Hedge Index (NHX), were down 0.6 percent in March (91 percent reported), taking the first-quarter losses to 1.2 percent. Four[Read More…]

by 17/04/2018
Making a Quick Buck Was Never Easy

Making a Quick Buck Was Never Easy

Stockholm (HedgeNordic) – Making a quick buck was never easy. I am a young lad and truth be told, I did think of sinking some money into cryptocurrencies in the hopes of making a quick buck despite having a strong opinion on the utility (or better say, the lack thereof) of Bitcoin and other cryptocurrencies for the world’s financial system.[Read More…]

by 17/04/2018
Nordic Equity Hedge Funds Hit by Trade War Fears

Nordic Equity Hedge Funds Hit by Trade War Fears

Stockholm (HedgeNordic) – Nordic equity hedge funds, as expressed by the NHX Equities Index, were down 1.0 percent in March (95 percent reported), partly reflecting increased volatility across equity markets caused by Donald Trump’s announcement of trade tariffs at the start of the month. Following the March performance, the NHX Equities Index is down 1.5 percent in the first quarter[Read More…]

by 12/04/2018
Oslo Asset Management sees “fantastic opportunities” for its hedge fund

Oslo Asset Management sees “fantastic opportunities” for its hedge fund

Stockholm (HedgeNordic) – The Norwegian asset manager Oslo Asset Management sees “fantastic opportunities” ahead for its 320 musd AAM Absolute Return Fund. The CEO, Harald James-Otterhaug (pictured), told Bloomberg last week that he sees a potential return of 150 percent to 250 percent for the fund given “very big mispricings” in the energy sector and has loaded up on both[Read More…]

by 10/04/2018
Pacific Fonder Appoints New CEO

Pacific Fonder Appoints New CEO

Stockholm (HedgeNordic) – Pacific Fonder AB, the Swedish asset manager running two funds from the NHX universe, has appointed Peter Beckman as the firm’s new Chief Executive Officer. Beckman had been the deputy managing director of mutual fund company SPP Fonder AB since 2009 and also served as acting managing director in three of the nine years he spent at[Read More…]

by 10/04/2018
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
Growth in Nordic Hedge Fund Industry Slows

Growth in Nordic Hedge Fund Industry Slows

Stockholm (HedgeNordic) For just over a year now, since January 2017, HedgeNordic has been calculating and publishing the NHX asset growth Index (NHX-AGI), an index computed using an equally-weighted indexed-based compounding methodology in an attempt to representatively measure the development of the AuM of the Nordic hedge fund industry. The Nordic hedge fund universe consists of a few giants with[Read More…]

by 05/04/2018
Nordic FoHFs Outperform Peers in Difficult Market

Nordic FoHFs Outperform Peers in Difficult Market

Stockholm (HedgeNordic) – In a similar fashion to the entire hedge fund industry, Nordic funds of hedge funds suffered one of the worst months of performance in the past several years. Around two-thirds of the 23-member NHX Fund of Funds Index posted negative returns in February, with the index falling 0.9 percent last month (100 percent reported). Despite the historically[Read More…]

by 05/04/2018
Bodenholm comment short selling of Evolution Gaming

Bodenholm comment short selling of Evolution Gaming

Stockholm (HedgeNordic) – In a filing to the Swedish Financial Supervisory Authority, FI, Brummer-backed long/short equity hedge fund Bodenholm last week stated a major short position in Evolution Gaming, a Swedish provider of online gaming solutions. According to FI, the position was as big as 0,95 percent of outstanding shares on March 27. Commenting on the position to Swedish news[Read More…]

by 04/04/2018
Low-Risk Exposure to FX Provides Uncorrelated Returns

Low-Risk Exposure to FX Provides Uncorrelated Returns

Stockholm (HedgeNordic) – Although a number of systematic macro funds and trend-following CTAs from the NHX family invest in currencies, Jyske Invest FX Alpha is one of a handful of pure currency hedge funds in our index. The fund managed by Jyske Capital, one of Denmark’s leading asset managers with assets under management of more than €22 billion, aims to[Read More…]

by 01/04/2018
Nordic Hedge Funds Storming Performance Awards

Nordic Hedge Funds Storming Performance Awards

Stockholm (HedgeNordic) – Several Nordic hedge funds have been shortlisted for this year’s HFMWeek European Hedge Fund Performance Awards, which will recognize and reward the best performing European-based hedge funds of the past 12 months. The winners in each of the 42 categories will be announced at a dinner at the Hurlingham Club in London on April 26, 2018. All[Read More…]

by 01/04/2018
New AI-Powered Fund Ready to Launch

New AI-Powered Fund Ready to Launch

Stockholm (HedgeNordic) – A new vehicle powered by artificial intelligence (AI) is making its way into the Nordic hedge fund arena, joining a fast-growing group of AI-driven funds such as FIM Artificial Intelligence and Coeli Prognosis Machines. Innolab Capital Index A/S, a fund established by Danish developer of AI-powered models Innolab Technology A/S, is set to launch as soon as[Read More…]

by 27/03/2018
Nordic Hedge Fund Industry Report 2018

Nordic Hedge Fund Industry Report 2018

Stockholm (HedgeNordic) – HedgeNordic is pleased to have to have published the annual Nordic Hedge Fund Industry Report. On the first pages of the report, we made an effort to dissect to Nordic hedge fund space and present data, numbers, some facts and fiction we hoped you´d find relevant. This edition of the Nordic hedge fund industry report will look[Read More…]

by 26/03/2018
IPM in Contrarian Long US dollar bet as “Fundamentals Take Control”

IPM in Contrarian Long US dollar bet as “Fundamentals Take Control”

Stockholm (HedgeNordic) – Stockholm-based quant hedge fund IPM Informed Portfolio Management has taken the other side of the trade in the US dollar, holding a significant long position in the greenback, Serge Houles (pictured), head of investment strategy told Bloomberg last week. “One of the biggest positions we have now is the long dollar position. The dollar is one of[Read More…]

by 25/03/2018
Winning Streak Ends for Nordic FI Hedge Funds

Winning Streak Ends for Nordic FI Hedge Funds

Stockholm (HedgeNordic) – The February market turmoil triggered by inflation and bond market concerns put an end to the 23-month streak of positive performance enjoyed by Nordic fixed-income hedge funds. The NHX Fixed Income Index fell 0.6 percent in February (92 percent reported), taking its year-to-date performance into negative territory at 0.1 percent. International fixed-income hedge funds also recorded losses[Read More…]

by 22/03/2018
Nordic Multi-Strategy Funds’ Performance Goes up in Flames

Nordic Multi-Strategy Funds’ Performance Goes up in Flames

Stockholm (HedgeNordic) – Nordic multi-strategy hedge funds, as expressed by the NHX Multi-Strategy Index, tumbled 1.0 percent in February (97 percent reported), joining the other four NHX sub-categories in posting losses for the month. Roughly four-fifths of the 33 members included in the NHX Multi-Strategy Index ended the month in the red, with the index falling 0.4 percent in the[Read More…]

by 22/03/2018
Carlsson Norén Macro Fund Welcomes Increased Volatility

Carlsson Norén Macro Fund Welcomes Increased Volatility

Stockholm (HedgeNordic) – Carlsson Norén Macro Fund is a Sweden-based hedge fund that invests in fixed-income markets in Nordic and G7 countries. Fredrik Carlsson and Martin Norén started the fund at the beginning of 2008. Although the returns earned by the Carlsson Norén Macro Fund have been underwhelming in recent years, the fund has more than proven its ability to[Read More…]

by 22/03/2018
Capital Four Plans to Launch Private Debt Fund

Capital Four Plans to Launch Private Debt Fund

Stockholm (HedgeNordic) – Capital Four, the Danish USD 12 billion credit manager, is planning to launch a new private debt fund in the spring, according to Bloomberg. The fund will invest in mid-sized companies and sponsors in European primary markets. It will be called the Strategic Credit Fund II and have a 10 percent return target, Bloomberg reports. As previously[Read More…]

by 18/03/2018
Michael Petry

Danske Prepares for New Macro Hedge Fund

Stockholm (HedgeNordic) – Danske Bank is preparing for a new macro hedge fund to be launched “later this year”, Danish AM Watch reports. In preparation for the launch, the bank has rehired its former chief strategist Bo Bejstrup Christensen as chief portfolio manager. Christensen, who left the former Danske Capital back in 2016 to become part of Inter Fund Management[Read More…]

by 18/03/2018