Hedge Fund News

Rhenman Healthcare Equity L/S Leads Nordic Hedge Fund Winners in 2017

Rhenman Healthcare Equity L/S Leads Nordic Hedge Fund Winners in 2017

Stockholm (HedgeNordic) – Rhenman Healthcare Equity L/S tops this year’s list of the best-performing Nordic hedge funds, after returning 25.8% net-of-fees since the start of the year through the end of August. The healthcare-focused long-short equity fund also outpaced the average global healthcare hedge fund by a significant margin in 2017, as the hedge funds that make up the HFRI EH: Healthcare[Read More…]

by 21/09/2017
Sector Sigma Nordic Fund Suffers Worst Performance Patch Since Inception

Sector Sigma Nordic Fund Suffers Worst Performance Patch Since Inception

Stockholm (HedgeNordic) – Sector Sigma Nordic Fund, a long-short equity fund primarily investing in the Nordic region, is experiencing its worst performance patch since the fund’s inception in mid-2012. The Norwegian fund suffered eight consecutive months of negative performance, with its year-to-date losses reaching 8.2%. Sector Sigma Nordic Fund’s team, which comprises three investment professionals with many years of investing[Read More…]

by 19/09/2017
Women-Run Hedge Funds Outperform Male Counterparts

Women-Run Hedge Funds Outperform Male Counterparts

Stockholm (HedgeNordic) – The average return generated by female-run hedge funds during the first seven months of 2017 was more than twice as high as the return delivered by the average male-run hedge fund. While one should not fall into the trap of ignoring sample size, there is clear evidence women are at least as good as men at investing.[Read More…]

by 18/09/2017
Long-Short Equity Strategies Capitalize on Correlation Collapse

Long-Short Equity Strategies Capitalize on Correlation Collapse

Stockholm (HedgeNordic) – Stock pickers in the hedge fund world enjoyed promising returns during the first eight months of the year, as correlations between both sectors and companies have fallen significantly compared to the previous year. Long-short equity hedge funds are reveling in the de-correlated environment, gaining 7.52% year-to-date through the end of August. According to data provided by eVestment,[Read More…]

by 14/09/2017
Interview: Marcus Wahlberg, Elementa

Interview: Marcus Wahlberg, Elementa

Stockholm (HedgeNordic) – Elementa, a niche long/short equity fund specializing in Nordic small and mid-sized companies, returned 34.08% since its inception in early March 2015. The fund launched and managed by Marcus Wahlberg enjoyed a wonderful rookie year, delivering a return of 15.02% in 2015, followed by an equally-exceptional 2016 in terms of performance (13.88%). However, the fund’s investors have[Read More…]

by 13/09/2017
Underwhelming August Performance for Nordic Equity Hedge Funds

Underwhelming August Performance for Nordic Equity Hedge Funds

Stockholm (HedgeNordic) – The universe of Nordic equity-focused hedge funds continues to amass losses, with nearly two-thirds of equity funds posting a negative return for August. The NHX Equities fell an estimated 0.14% in August (96% reported), representing the fourth consecutive month of negative performance. The MSCI World Index, which captures large- and mid-cap representation across 23 developed countries, gained[Read More…]

by 12/09/2017
David Rindegren (Carnegie Asset Management), Wollert Hvide (Sector Asset Management),  Anders Holst (Lynx)

Defensively Positioned Copenhagen-Based Hedge Fund Gets Optimistic

Stockholm (HedgeNordic) – The Carnegie WorldWide Long/Short Fund, a fundamentally-focused hedge fund managed by Copenhagen-based Carnegie Asset Management, was down a mere 2 basis points (-0.02%) in August, bringing the year-to-date performance through August to 4.1%. The hedge fund generated a return of 0.25% in July and incurred a loss of 0.50% in the prior month. The C WorldWide Long/Short[Read More…]

by 08/09/2017
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
Accendo rebounds strongly in August on Hexatronic boost

Accendo rebounds strongly in August on Hexatronic boost

Stockholm (HedgeNordic) – Finnish activist hedge fund Accendo Capital gained 8.9 percent in August, rebounding strongly from the weak numbers experienced in July when the fund lost 5.4 percent. For the year-to-date, the fund is up by an impressive 19.1 percent which adds to a 30 percent gain in 2016 and a 49 percent gain in 2015. Commenting on the[Read More…]

by 07/09/2017
Nordkinn Fixed Income Macro Fund Discusses August Performance

Nordkinn Fixed Income Macro Fund Discusses August Performance

Stockholm (HedgeNordic) – Nordkinn Fixed Income Macro Fund, a global macro fixed income fund run by fixed income specialist Nordkinn Asset Management, retreated 0.68% in August, with the fund’s year-to-date gains diminishing to 1.93%. With North Korea stepping up military provocations and geopolitical tensions on the rise, investors channeled capital into safe haven bonds, which had a negative impact on[Read More…]

by 06/09/2017
Manticore CIO on Impressive 2017 Performance

Manticore CIO on Impressive 2017 Performance

Stockholm (HedgeNordic) – Tech-focused equity hedge fund Manticore, backed by Stockholm-based fund-of-hedge-funds firm Brummer & Partners, has been delivering jaw-dropping returns in 2017. The long/short fund focused on investing in the technology, media and telecommunications (TMT) sectors returned an estimated 6.2% in August, bringing the year-to-date gains to an impressive figure of 35.9%. In a video interview, Manticore’s Chief Investment[Read More…]

by 04/09/2017
Nordic Nominees at inaugural Emerging Fund Manager Awards

Nordic Nominees at inaugural Emerging Fund Manager Awards

Stockholm (HedgeNordic). There seems to be no hedge fund award ceremony with at least a good portion of Nordic nominees to be considered. In the latest addition to awards for hedge funds, HFM Global/Hedge Fund Intelligence  announced the initial nominations for the inaugural EuroHedge Emerging Fund Manager Awards, which will be announced and presented at an industry dinner in London[Read More…]

by 01/09/2017
Gramont suffers losses as US technology stocks recover in July

Gramont suffers losses as US technology stocks recover in July

Stockholm (HedgeNordic) – The Finnish long/short equity fund, Gramont Equities Opportunities, continued its recent string of losses in July with a net loss of 5.3 percent. This brings year-to-date returns to -20.9 percent, marking the fund´s lowest point since inception. The current drawdown is the longest and deepest experienced by the fund. It currently stands at around 24 percent measured[Read More…]

by 01/09/2017
THYRA Hedge Blames “Liquidity Supernova” for Reduced Risk-Taking

THYRA Hedge Blames “Liquidity Supernova” for Reduced Risk-Taking

Stockholm (HedgeNordic) – THYRA Hedge, a fundamentally oriented long/short equity hedge fund run by Sentat Asset Management, has been struggling to find exciting investment opportunities due to high equity market valuations. Despite pinpointing an abundance of possible short candidates, the fund is wary of shorting company shares at this point in time. Although THYRA Hedge acknowledges that a high number[Read More…]

by 31/08/2017
Sector adds global macro fund and hires new team

Sector adds global macro fund and hires new team

Stockholm (HedgeNordic) – Norwegian hedge fund powerhouse Sector Asset Management is expanding its universe of investment strategies by adding a new global macro fund, according to a post on the Sector website. The fund, named “Sector Zenon”, will be managed by Kjetil Høyland and Alexander Lunde. Høyland and Lunde join from Gjensidige Forsikring where Høyland acted as CIO and head of the tactical asset allocation[Read More…]

by 30/08/2017
ALCUR Set to Join Losers’ Club for First Time?

ALCUR Set to Join Losers’ Club for First Time?

Stockholm (HedgeNordic) – ALCUR, a Stockholm-based long/short absolute return fund managed by Consafe Capital Advisors AB, is suffering one of its worst performance patches in its almost 11-year history. The fund posted a negative net-of-fees return of 1.05% in July, the fund’s fourth consecutive month of negative performance. Despite the lackluster performance delivered in the last couple of months, ALCUR[Read More…]

by 30/08/2017
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
Maersk’s tanker unit invests in quant hedge fund

Maersk’s tanker unit invests in quant hedge fund

Stockholm (HedgeNordic) – The Danish company Maersk has taken an undisclosed stake in CargoMetrics, a quantitative hedge fund backed by the likes of Paul Tudor Jones and Google’s Eric Schmidt, to improve fleet deployment, according to Reuters. The Copenhagen-based tanker company, which is part of Danish shipping group AP Moller-Maersk, has taken an undisclosed but “significant” stake in the Boston-based[Read More…]

by 25/08/2017
Nordic Cross in Multiple Hedge Fund Launch

Nordic Cross in Multiple Hedge Fund Launch

Stockholm (HedgeNordic) – Nordic Cross Asset Management, a Swedish fund management company founded in 2016 by Caram (owned by the private equity company Altor) and a group of key people from Catella Fonder, is launching two new hedge funds and an additional one in the autumn of 2017, a press release states. The new fund launches follow on an approval[Read More…]

by 25/08/2017
Forward Redemption Indicator at 3.55 per cent for August

Forward Redemption Indicator at 3.55 per cent for August

The SS&C GlobeOp Forward Redemption Indicator for August 2017 measured 3.55 per cent, up from 2.57 per cent in July. “SS&C GlobeOps’ Forward Redemption Indicator of 3.55 per cent for August 2017 reflects solid year-over-year improvement from the 3.86 per cent reported for August of 2016.  The result for August continues the favorable trend in asset retention by hedge funds this[Read More…]

by 24/08/2017