Hedge Fund News

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
Danish Active Equity Funds Outperform Benchmarks

Danish Active Equity Funds Outperform Benchmarks

Stockholm (HedgeNordic) – According to the latest S&P Indices Versus Active Funds (SPIVA) Europe Scorecard, 79% of Danish active equity funds are beating the SPIVA benchmark over a five-year period. This was by contrast to continuing poor performances among other European active equity funds, global equity funds, U.S. equity funds and Emerging Markets funds relative to the benchmark. The performance[Read More…]

by 03/04/2017
ESG Integration in Short Selling

ESG Integration in Short Selling

Stockholm (NordSIP) – Portfolio managers of Appleseed Capital, a Chicago based  asset manager, published a white paper on “ESG Integration in Short Selling.” In their foreword they write: “Short sellers are often derided as criminals, pessimists, and/or vultures; the reality is that these terms are, more often than not, more applicable in describing their targeted companies. In this analysis, we[Read More…]

by 31/03/2017
Catella Nordic L/S picks up HFJ Award

Catella Nordic L/S picks up HFJ Award

Stockholm (HedgeNordic) Catella’s Nordic Long Short Equity fund was named “Best Performing Fund Over a 2 Year Period” at the Hedge Fund Journal Awards in London. The Nordic Long Short Equity fund is an alternative absolute return equity fund with a Nordic focus with the potential to perform in both rising and falling markets. “We are delighted that Catella Nordic[Read More…]

by 31/03/2017
Linedata: Managers Anticipate Geopolitical Turbulence

Linedata: Managers Anticipate Geopolitical Turbulence

Stockholm (HedgeNordic) In line with previous reports that geopolitical risk is back as a major concern for asset managers, Linedata’s most recent Global Asset Management & Administration Survey for 2017 is showing that social and geopolitical turbulence across Europe and the U.S. have displaced more prosaic concerns a year about robo-advice, alternatives and cybercrime. According to the survey, nearly a[Read More…]

by 30/03/2017
Nordic hedge funds nominated for performance awards

Nordic hedge funds nominated for performance awards

Stockholm (HedgeNordic) – A number of high profiled Nordic hedge funds have been short listed for this year´s European Hedge Fund Performance Awards, hosted by HFMWeek. A summary of the Nordic contestants is to be found below. The winners will be announced in London on April 27.   Credit long term performance 5 years: Capital Four Credit Opportunities Fund Event[Read More…]

by 29/03/2017
Henrik Rhenman

Rhenman praises advisory board

Stockholm (HedgeNordic) – In an interview with Bloomberg, Henrik Rhenman (pictured) who manages the 460 million-euro Rhenman Healthcare Equity L/S Fund, praises his Scientific Advisory Board and highlights the importance of asking clinical expertise before investing in complex products. “We make money, sooner or later, on most of the recommendations from the Scientific Advisory Board,” Rhenman said in a phone interview. “The[Read More…]

by 29/03/2017
Hedge fund flows reverse negative trend in February

Hedge fund flows reverse negative trend in February

Stockholm (HedgeNordic) – Investors have bought into hedge funds in February. According to data from eVestment, net inflows to hedge funds amounted to USD 7,9 billion  during the month, translating into the highest level for industry assets seen since July 2015. The inflow to the industry in February reverse the negative trend for hedge fund asset flows as of late. Going into[Read More…]

by 28/03/2017
No Fees Upfront? New Structures Sow Further Doubts

No Fees Upfront? New Structures Sow Further Doubts

Stockholm (HedgeNordic) – There are further signs the 2-and-20 model (2 per cent management fee and 20 per cent profits) that is the standard in the hedge fund industry may be on its way out. Following a recent Preqin study (reported here) that shows hedge fund managers increasingly viewing investor demands over fees as a key driver of change for[Read More…]

by 26/03/2017
Hedge Fund Liquidations Increase, Leading To Fee Flexibility

Hedge Fund Liquidations Increase, Leading To Fee Flexibility

Stockholm (HedgeNordic) – Hedge fund liquidations totalled 1,057 for  2016, with an increase of 23 to 275 total for Q4 2016, according to the  latest Hedge Fund Research Market Microstructure Report. This brings the  number of closed funds to the highest level since 2008, even as the  hedge fund industry surpassed the symbolic USD 3 trillion mark in Q4. The total[Read More…]

by 24/03/2017
CISDM Index: Hedge Funds Up 0.83% in March

CISDM Index: Hedge Funds Up 0.83% in March

Stockholm (HedgeNordic) – According to the CISDM Equal Weighted Hedge Fund Index, hedge funds were up 0.83% in March, bringing the index to a total return of 2.22% for 2017 so far. The Index is produced by the UMass Amherst Isenberg School of Management’s Center for International Securities and Derivatives Markets (CISDM). Equity-oriented fund strategies experienced strong performances in February,[Read More…]

by 24/03/2017
Hedge funds becoming more flexible on fees

Hedge funds becoming more flexible on fees

Stockholm (HedgeNordic) – According to a recent study by industry data provider Preqin, hedge fund managers view investor demand over fees as a key driver of change this year. Preqin, which surveyed 276 hedge fund managers late last year for the poll, found that hedge fund managers are responding to high-profile redemptions and allocation changes with changes to fee structures.[Read More…]

by 23/03/2017
Lyxor: Slight March Setbacks, But Reduced Geopolitical Risk

Lyxor: Slight March Setbacks, But Reduced Geopolitical Risk

Stockholm (HedgeNordic) After predictions of a strong March for Hedge  Funds following a 0.8% increase in its first week, the Lyxor Hedge Fund  index is signalling a marginal setback due to macro, merger and credit  funds lagging. Macro funds’ USD exposure fell by a third due to long Emerging Markets  FX positions prior to the FOMC. Merger funds fell behind due[Read More…]

by 22/03/2017
New Hedge Fund Influx to Iceland, Following Capital Controls Lift

New Hedge Fund Influx to Iceland, Following Capital Controls Lift

Stockholm (HedgeNordic) A throng of hedge funds has moved back into  Iceland, acquiring a $450 million (48.8 billion Icelandic kronur) stake  in Arion Bank, following the lifting of capital controls in that country  a week ago. Arion’s largest shareholder sold roughly 10% stakes to Attestor Capital  and Taconic Capital Advisors UK. Other entities affiliated with Goldman  Sachs and Och-Ziff Capital[Read More…]

by 22/03/2017
Preqin: Hedge Funds’ “Strongest Performance in Recent Years”

Preqin: Hedge Funds’ “Strongest Performance in Recent Years”

Stockholm (HedgeNordic) – Following 11 months of positive gains, the Preqin All-Strategies Hedge Fund Benchmark posted a 1.18% return for February, building further on the 1.43% gain in January. Losses on the index were last incurred last February (2016). Performance YTD has risen to 13.63%, the highest level since May 2013. Event-driven strategies (+1.46%) and equity strategies (1.54%) posted the[Read More…]

by 17/03/2017