Hedge Fund News

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
Pray Tell, Why Such Grandiose Names?

Pray Tell, Why Such Grandiose Names?

Stockholm (HedgeNordic) – Investors should be wary of hedge funds with grandstanding or overly serious names reflecting authority, trust and power, a recent report from Juha Joenväärä from Centre for Hedge Fund Research at the University of Oulo in Finland and colleague Christian Ioan Tiu from the University at Buffalo, have found. Upon examining 18,000 hedge funds globally managing on[Read More…]

by 21/04/2017
Michael Petry

Danske’s Petry Given New Portfolio

Stockholm (HedgeNordic) – Michael Petry, chief portfolio manager at Danske Bank’s flagship hedge fund Danske Invest Hedge Fixed Income Strategies, has been named the new lead manager of the Luxembourg-domiciled Danske Invest Sicav – Europe Absolute fund, according to information obtained by CitywireSelector.com. The Danske Invest Sicav – Europe Absolute fund returned 6.5% in euro terms on a three-year total[Read More…]

by 17/04/2017
Eurekahedge: Hedge Funds Up 2.29% in Q1 2017

Eurekahedge: Hedge Funds Up 2.29% in Q1 2017

Stockholm (HedgeNordic) The latest Index Flash Update from Eurekahedge is indicating a Q1 2017 performance of 2.29% for hedge funds, having gained 0.34% in the month of March. The latest Index Flash Update from Eurekahedge is indicating a Q1 2017 performance of 2.29% for hedge funds, having gained 0.34% in the month of March. Underlying markets gained 5.06% in Q1[Read More…]

by 13/04/2017
Hedge Funds Anticipating French Elections Differently

Hedge Funds Anticipating French Elections Differently

Stockholm (HedgeNordic) – Hedge funds are displaying incongruent stances ahead of the first round of the French presidential elections in two weeks, according to Lyxor’s latest weekly brief. Following the electoral surprises of 2016 and an unpredictable race that has just been shaken up by an insurgent challenge from the far left, strategies are having different reactions. Global Macro funds[Read More…]

by 13/04/2017
Ambrosia Anticipates Shift in Riksbank Inflation Policy

Ambrosia Anticipates Shift in Riksbank Inflation Policy

Stockholm (HedgeNordic) – Ambrosia, the Swedish multi-strategy hedge fund incepted in March 2016 with SEK 2.6 billion ($290 million) in AUM, is anticipating a shift in Riksbank (Swedish Central Bank) policy following a current round of wage talks that could see it abandoning its long-standing focus on inflation. Trade unions and employers in the industrial sector agreed on annual wage[Read More…]

by 13/04/2017
Event-Driven Forges Ahead; CTAs Stumble

Event-Driven Forges Ahead; CTAs Stumble

Stockholm (HedgeNordic) – The Lyxor Hedge Fund Index has risen 0.5% in March, increasing 0.2% last week and approaching an average of 1.1% for Q1 2017, according to its weekly report. Event-driven strategies have outperformed during Q1, according to Lyxor, with special situations funds at the forefront and activist funds prospering in the range of 4-5& YTD. The Lyxor Equity[Read More…]

by 06/04/2017