Hedge Fund News

Granit In Imminent ESG-Themed Hedge Fund Launch

Granit In Imminent ESG-Themed Hedge Fund Launch

Stockholm (NordSIP) – Granit Fonder, the Swedish fund management company, has recruited Ulf Erlandsson 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
Equity Strategies Emerge As April Winners

Equity Strategies Emerge As April Winners

Stockholm (HedgeNordic) – According to the April report from eVestment, hedge funds have returned an average of +0.66% for the month of April 2017 (+3.04% YTD), continuing a winning streak since the outset of the year. The proportion of managers with positive returns returned to around the 70% during the month, while volatility was extremely low, with the month registering[Read More…]

by 16/05/2017
How Hedge Funds can grow Assets

How Hedge Funds can grow Assets

According to feedback from Novus´readers, today’s greatest challenge facing hedge funds is growth, and for some managers it’s even more fundamental: simply staying in business. For multiple reasons, most hedge fund managers find the current environment extremely difficult for raising capital. From conversations with clients on both sides of the equation (asset owners and managers), Novus have found four main obstacles[Read More…]

by 16/05/2017
Accendo Capital Appoints Senior Advisor

Accendo Capital Appoints Senior Advisor

Accendo Capital has appointed Mr. Jaakko Kivinen as Senior Advisor to the Fund. Jaakko Kivinen has previously been Partner in Altor Equity Partners and Soros Private Equity Partners. Mr. Kivinen brings to Accendo Capital extensive international private equity experience in deal sourcing, executing transactions, and helping lead businesses as a board director. Mr. Kivinen has an outstanding track record of[Read More…]

by 15/05/2017
Service Providers Under Hedge Fund Pressure

Service Providers Under Hedge Fund Pressure

Stockholm (HedgeNordic) – With both hedge funds and service providers maturing and in a process of transformation, managers are continually and perhaps increasingly re-evaluating whether they are getting the services they need, according to a new special report from Preqin. “Service providers are a vital part of the hedge fund landscape, assisting in the smooth running of operations,” says Amy[Read More…]

by 12/05/2017
PRI Launches Hedge Fund ESG Due-Diligence Questionnaire

PRI Launches Hedge Fund ESG Due-Diligence Questionnaire

Stockholm (NordSIP / HedgeNordic) The UN Principles for Responsible Investment (PRI), the global body with the mandate to promote global responsible investment, has launched the “first industry-standard responsible DDQ (due-diligence questionnaire) to hedge funds” in the attempt to ascertain their sustainability credentials and clarify to investors how they approach ESG issues when allocating capital. The DDQ was launched at an event[Read More…]

by 12/05/2017
Origo strengthens team with additional analyst

Origo strengthens team with additional analyst

Stockholm (HedgeNordic) – Origo Capital, the Stockholm-based activist long/short equity manager that manages the Origo Quest 1 hedge fund, announces the addition of Carl Rydin (pictured) as a new key member of the staff. Rydin will join the investment team, which currently consists of Stefan Roos and Staffan Östlin, as Investment Analyst, according to a press release. Rydin has international experience from both[Read More…]

by 10/05/2017
Solidar Solidifies Winning Trend in April

Solidar Solidifies Winning Trend in April

Stockholm (HedgeNordic) – The Solidar Smartbeta Trend fund, the Swedish systematic equity fund run by Solidar AB, enjoyed another successful month in April following a good run since September last year, returning +3.32% and bringing it up to +9.79% YTD. This is by comparison to +0.60% on the NHX for April as of May 10 (+2.23 YTD). The result is[Read More…]

by 10/05/2017
April Turnaround For Alchemy

April Turnaround For Alchemy

Stockholm (HedgeNordic) – Alchemy Trading, the Norwegian Nordic Long/Short Equity Fund with a Scandinavian listed equities mandate, enjoyed returns of 3.4% in committed capital for the month of April, up from a -2.30% deficit in March and marking the reversal of a difficult start to 2017, leaving it -2.10% YTD. This is by comparison to a 0.57% rise for April so[Read More…]

by 09/05/2017
Varma Continues Hedge Fund Allocations Unabated

Varma Continues Hedge Fund Allocations Unabated

Stockholm (HedgeNordic) – An in-depth feature in the May issue of the Investment & Pensions Europe magazine highlights Varma, the largest private pension insurance company in Finland with €43 billion in AUM, and its continuing dedication to being a hedge fund allocator, despite the widening gulf between pension funds and hedge funds elsewhere in the Nordics in recent years. According[Read More…]

by 05/05/2017
IPM and Aktie-Ansvar end Kvanthedge cooperation

IPM and Aktie-Ansvar end Kvanthedge cooperation

Stockholm (HedgeNordic) – IPM and Aktie-Ansvar have mutually agreed to end their cooperation regarding the management of the Graal Kvanthedge Fund, where IPM has acted as the investment manager since the fund launched in October 2010. According to a press release from IPM, their focus will instead be to distribute its IPM Systematic Macro UCITS Fund on the Swedish market. The UCITS[Read More…]

by 05/05/2017
GAMMA wins European Hedge Fund Performance Award

GAMMA wins European Hedge Fund Performance Award

Stockholm (HedgeNordic) – GAMMA Capital Management, an Icelandic asset management company that manages two funds included the Nordic Hedge Fund Index (NHX), has been awarded the 2017 European Hedge Fund Performance Award for the best macro fund under 500 million USD. The prize was bestowed to GAMMA’s flagship real estate fund, GAMMA Centrum, by fellow hedge fund-focused publication HFMWeek. The Centrum[Read More…]

by 05/05/2017
Hedge Funds Recover As France Prospects Improve

Hedge Funds Recover As France Prospects Improve

Stockholm (HedgeNordic) – All hedge fund strategies were up the past week, according to Lyxor Asset Management’s research team, due to the upside captured as a function of protective layers implemented by European funds in anticipation of a potentially disastrous presidential election in France, a concern that has partially abated following its first round. Special situations (perhaps expectedly) outperformed, with[Read More…]

by 04/05/2017
Susanna Urdmark Joins Rhenman

Susanna Urdmark Joins Rhenman

Stockholm (HedgeNordic) – Rhenman & Partners, the Stockholm-based fund manager, announced the recruitment of Susanna Urdmark (pictured), as the company continues its strategic expansion. Urdmark will be reinforcing the Healthcare team, and second founder Henrik Rhenman as portfolio manager for the Rhenman Healthcare Equity Long/Short fund. For the last ten years, Urdmark has strengthened her healthcare expertise, as CFO at[Read More…]

by 03/05/2017
Announcing the winners: Rookie of the Year   

Announcing the winners: Rookie of the Year   

Stockholm (HedgeNordic) – Rookie of the year is one of HedgeAwards two special categories, recognizing a newcomer on the Nordic hedge fund scene. The category was introduced ahead of the 2015 event, with the first winner being the long short equity fund Elementa from Elementa Management. This year, the award went to the team behind the direct lending fund, Scandinavian[Read More…]

by 02/05/2017
Man GLG Expands Machine Learning Operations

Man GLG Expands Machine Learning Operations

Stockholm (HedgeNordic) Man Group has expanded its machine learning operations to its subsidiary Man GLG, the discretionary hedge fund with $28.8 billion in AUM. As previously reported by HedgeNordic, Man AHL launched the Oxford-Man Institute, a machine-learning centre last year together with Oxford University designed to share and leverage machine techniques and data analytics. In addition, Man GLG has created[Read More…]

by 01/05/2017
HEDGE FUND INDUSTRY EMPLOYS NEARLY 400,000 PEOPLE

HEDGE FUND INDUSTRY EMPLOYS NEARLY 400,000 PEOPLE

The global hedge fund industry employs close to 400,000 people, an increase of about a third since 2010, according to research by the Alternative Investment Management Association (AIMA), the global representative of alternative investment managers, and data provider Preqin. There are around 115,000 staff at hedge fund management firms worldwide and around 275,000 at businesses that provide services to hedge[Read More…]

by 01/05/2017
Winners 2016 Nordic Hedge Award

Winners 2016 Nordic Hedge Award

Stockholm (HedgeNordic) – Yesterday, April 26th 2017 the best Nordic hedge funds were distinguished for their performance during 2016 at the Nordic Hedge Award. It was the fifth year HedgeNordic in collaboration with the Stockholm School of Economics and Swedish House of Finance and support of a jury board determined this ranking. The winners  of the 2016 Nordic Hedge Awards[Read More…]

by 27/04/2017
Ress Life Investments posts record month

Ress Life Investments posts record month

Stockholm (HedgeNordic) – The net asset value for Ress Life Investments A/S increased by 5.12% during March, the best single month for the fund since inception in 2011. The fund was also among the top performing Nordic hedge funds during the month. The main contributing factor to the strong portfolio performance was several insurance policies maturing. “Maturities occur as expected,[Read More…]

by 25/04/2017
Ericsson Pensionsstiftelse Adds Long-Only Managers

Ericsson Pensionsstiftelse Adds Long-Only Managers

Stockholm (HedgeNordic) –  Ericsson Pensionsstiftelse (EPS), a Stockholm-based SEK 21 billion ($2.3 billion) pension fund covering Ericsson employees, is breaking with its strategy of the past five years and is adding active long-only managers to its equity allocation, an exposé of the fund’s current strategy by Sarah Rundell in top1000funds.com reveals. “We haven’t used long-only managers in equity recently because[Read More…]

by 21/04/2017