Hedge Fund News

New Adrigo Fund Starts Its Journey in Small- and Mid-Cap Space

New Adrigo Fund Starts Its Journey in Small- and Mid-Cap Space

Stockholm (HedgeNordic) – Swedish asset manager Adrigo Asset Management AB successfully launched their second hedge fund, Adrigo Small & Midcap L/S, on November 1st. The freshly-launched fund invests in Nordic small- and mid-cap companies with market capitalisations below SEK 55 billion. More than half of the small- and mid-cap segment Adrigo Small & Midcap L/S targets lacks sell-side analyst coverage,[Read More…]

by 02/11/2017
Accendo Capital Participates in Directed Share Offering

Accendo Capital Participates in Directed Share Offering

Stockholm (HedgeNordic) – The activist hedge fund Accendo Capital has agreed to participate in a directed share offering in Swedish “Impact Coatings”, a company focusing on industrial coating solutions. Accendo will invest 25 MSEK in the directed offering at a price per share of 10.50 SEK. In a comment to the transaction, Accendo´s founder Henri Österlund says: “We believe that[Read More…]

by 02/11/2017
Atlant Fonder Wins Absolute UCITS Award

Atlant Fonder Wins Absolute UCITS Award

Stockholm (HedgeNordic) – Atlant Fonder and the Atlant Stability fund was awarded best European multi-strategy fund over one year at the Eurohedge Alternative UCITS Awards which took place in London on October 31. The competition within the category came from international names such as Algebris, ERAAM, MAN and MLIS as well as from Swedish Norron with its Norron Target fund.[Read More…]

by 02/11/2017
The Power of Mean Reversion in Morningstar’s Five-Star Ratings

The Power of Mean Reversion in Morningstar’s Five-Star Ratings

Stockholm (HedgeNordic) – Mutual funds with a Morningstar five-star rating seldom sustain their above-average performance over time, writes a Wall Street Journal cover story on investment research firm Morningstar’s mutual fund ratings. The WSJ article discusses the “regression to the mean” phenomenon for mutual funds, particularly for the highest-rated ones. Morningstar rates mutual funds on a one-to-five scale depending on how[Read More…]

by 01/11/2017
Crypto Hedge Funds Pop Up Like Mushrooms

Crypto Hedge Funds Pop Up Like Mushrooms

Stockholm (HedgeNordic) – Given the multitude of new crypto-millionaires that emerged like wild mushrooms in recent years, it is not surprising that money managers are also rushing in to capitalize on the insatiable appetite for digital currencies by launching new cryptocurrency funds. According to fintech analytics firm Autonomous NEXT, there are 110 hedge funds that trade cryptocurrencies as of October[Read More…]

by 27/10/2017
Biggest Jerks in Hedge Fund Industry Underperform Peers

Biggest Jerks in Hedge Fund Industry Underperform Peers

Stockholm (HedgeNordic) – Until recently I always thought I would have to change my shy and introverted personality if I ever wanted to work in the asset management industry, as I had the idea that most successful fund managers resemble the cocky hedge fund mogul Bobby “Axe” Axelrod from the series “Billions”. Contrary to popular belief, a fresh study shows[Read More…]

by 27/10/2017
Runestone Capital Fund Enters NHX

Runestone Capital Fund Enters NHX

Stockholm (HedgeNordic) – Runestone Capital Fund, an absolute return fund started by two Nordic-born managers, was added to the Nordic Hedge Index (NHX). The fund, managed out of London, was launched in May 2015 and trades VIX-related volatility instruments such as VIX futures, exchange-traded notes, and options. The fund falls under the umbrella of Runestone Capital, co-founded by Norwegian national[Read More…]

by 27/10/2017
Asgard Welcomes Little Sister

Asgard Welcomes Little Sister

Stockholm (HedgeNordic) – Copenhagen-based Moma Advisors A/S, investment advisor to one of the most successful fixed-income hedge funds in the Nordics, has launched Asgard Fixed Income Risk Premia with €131 million in assets under management. With the freshly-launched fixed-income fund, Moma Advisors serves as an investment advisor and manager to three Asgard funds. The Asgard Fixed Income Fund, a relative[Read More…]

by 27/10/2017
Atlant Fonder’s Funds-of-Funds to Merge

Atlant Fonder’s Funds-of-Funds to Merge

Stockholm (HedgeNordic) – Swedish asset manager Atlant Fonder AB decided to merge its existing fund-of-funds in an attempt to streamline its fund range, enhance management efficiency, and reduce administrative costs. Atlant Multi-Strategy Internal, a market-neutral fund-of-funds investing in Atlant Fonder’s own hedge funds, and Atlant Multi-Strategy External, a similar vehicle investing in external hedge funds, will merge to form a[Read More…]

by 20/10/2017
$3 Trillion Hedge Fund Industry a Mirage

$3 Trillion Hedge Fund Industry a Mirage

Stockholm (HedgeNordic) – Various financial media outlets and data providers, including HedgeNordic, have recently talked about the hedge fund industry capital hitting a new record due to strong investor inflows in the second quarter of the year. While the industry’s assets under management are often estimated to be in excess of $3 trillion, executives at London-based hedge fund Winton Group[Read More…]

by 19/10/2017
Investors Turn Away Despite Higher Satisfaction

Investors Turn Away Despite Higher Satisfaction

Stockholm (HedgeNordic) – Almost half of hedge fund investors report being satisfied with the performance of their hedge fund portfolios, compared to a satisfaction rate of 21% in June 2016. Despite this encouraging sign, a very similar proportion plan to reduce their hedge fund exposure over the next 12 months. These results are drawn from the June 2017 survey conducted[Read More…]

by 17/10/2017
Women represent 19 per cent of alternative assets employees

Women represent 19 per cent of alternative assets employees

Preqin’s latest overview of women in alternative assets finds that just under one in five employees at fund management firms is female. This rate varies widely by role, and consistently declines according to seniority. The highest proportion of women is seen among junior employees, where they constitute 29 per cent of the workforce. However, in each asset class the representation[Read More…]

by 13/10/2017
Month in Review: NHX September 2017

Month in Review: NHX September 2017

Stockholm (HedgeNordic) – Nordic hedge funds, as expressed by the Nordic Hedge Index – NHX, gained an estimated 0.7% in September (88% reported), extending their year-to-date aggregate gains to 2.3%. The five NHX sub-categories displayed mixed performance, with CTAs suffering another period of underwhelming performance due to quick reversals in several months-long trends (falling bond yields, weakening U.S. dollar and rising metal[Read More…]

by 13/10/2017
Interview: Anders Lekholm, Zmart Alfa

Interview: Anders Lekholm, Zmart Alfa

Stockholm (HedgeNordic) – During the summer, the Nordic Hedge Index (NHX) family was joined by Zmart Alfa, an equity-focused absolute return fund managed by Swedish asset manager Zmartic Fonder AB. Like all funds that purport to have an absolute return mandate, Zmart Alfa strives to generate positive returns regardless of market conditions. Zmart Alfa was launched under the umbrella of[Read More…]

by 13/10/2017
Nordic Equity Hedge Funds Back to School in Style

Nordic Equity Hedge Funds Back to School in Style

Stockholm (HedgeNordic) – Nordic equity-focused hedge funds, as expressed by the NHX Equities, gained an estimated 1.9% in September (91% reported), their best month in more than a year. The September gains came after four consecutive months of negative performance. Global equity markets gained 2.7% in € in September, with Eurozone equities rising 4.4% in € and North American equities[Read More…]

by 12/10/2017
Capital Four Shortlisted for European Performance Awards

Capital Four Shortlisted for European Performance Awards

Stockholm (HedgeNordic) – Capital Four Credit Opportunities Fund, a Copenhagen-based fund that aims to exploit market inefficiencies in European credit markets by applying bottom-up fundamental credit research, has been shortlisted in two categories at the upcoming Alternative Credit Intelligence European Performance Awards 2017. The fund run by Danish asset manager Capital Four Management is shortlisted in the following categories: long/short[Read More…]

by 12/10/2017
CoinShares Launched in Crypto Space

CoinShares Launched in Crypto Space

Stockholm (HedgeNordic) – The team behind the first regulated bitcoin hedge fund, Global Advisors Bitcoin Investment Fund (GABI), and XBT Provider AB, the Swedish-domiciled issuer of two exchange-traded bitcoin notes, announced the launch of CoinShares – a new brand for their portfolio of cryptocurrency-related investment vehicles. After issuing two Nordic Nasdaq-listed bitcoin tracking exchange-traded notes designed to mirror the return[Read More…]

by 10/10/2017
Active Fund Managers Stage a Comeback

Active Fund Managers Stage a Comeback

Stockholm (HedgeNordic) – “There will be a time soon when active managers really prove their worth to the discerning clients,” reckons Matthew Beesley, Head of Equities at Swiss asset manager GAM. The imminent end of quantitative easing and rising interest rates are anticipated to fuel the ongoing fall in stock correlations, which will likely create a better environment for active[Read More…]

by 05/10/2017
Power Cables Jolt Origo Quest

Power Cables Jolt Origo Quest

Stockholm (HedgeNordic) – Origo Quest 1, the equity-focused hedge fund targeting small-cap companies undergoing transformations, just recorded its best month of the year so far. The fund run by Stockholm-based asset manager Origo Capital returned 4.15% net-of-fees in September, bringing the year-to-date return to 4.19%. The Danish industrial conglomerate NKT Holdings contributed strongly to Origo Quest’s performance, as the shares[Read More…]

by 03/10/2017
Merrant Named Best Global Arbitrage Fund

Merrant Named Best Global Arbitrage Fund

Stockholm (HedgeNordic) – The 2017 winners of the InvestHedge Awards, which honour the top risk-adjusted returns in the multi-manager industry, were announced last Thursday (September 28) in New York. Merrant Alpha Select was the only Nordic name distinguished among the winning funds, winning the “Best Global Arbitrage Fund, 5 Years” category. “It is very gratifying that Merrant’s market neutral strategy has[Read More…]

by 03/10/2017