Hedge Fund News

European Short Observer July 2017

European Short Observer July 2017

In this report Novus reviews insights from the European Short Disclosure Regulation (ESMA)–Novus tracked more than fifty billion Euros in short investments from the daily filings of over 250 managers. Novus displays sector exposure changes and track last month’s best short picks. They also rank the most shorted securities, the most covered securities, and the top new shorts of the[Read More…]

by 24/08/2017
Industry trend confirmed – hedge fund managers offer reduced fees

Industry trend confirmed – hedge fund managers offer reduced fees

Stockholm (HedgeNordic/BarclayHedge) – A hedge fund survey from alternative investment database provider BarclayHedge, confirms the trend of lower fees in the hedge fund industry. According to BarclayHedge´s July 2017 survey, 36.6 percent of hedge fund managers respond that they currently offer reduced or no fee alternatives to their investors and a further 20 percent plan to offer lower or no[Read More…]

by 21/08/2017
Nordic Equity Hedge Funds Continue to Amass Losses in July

Nordic Equity Hedge Funds Continue to Amass Losses in July

Stockholm (HedgeNordic) – Nordic equity hedge funds are on track to post a third consecutive losing month in July. The NHX Equities lost an estimated 0.44% in July (93% reported), bringing the year-to-date development of the index to 1.70%. Should Nordic equity-focused funds continue in a similar fashion through the end of the year, this group of the Nordic hedge[Read More…]

by 16/08/2017
Crisis triggers – Where are the wild things?

Crisis triggers – Where are the wild things?

(Man Group: Views from the Floor): One school of thought supporting a potential leg up for the market is that there seem to be very few sell off catalysts on the horizon. Indeed with global growth expectations rising (in June the Organisation for Economic Co-operation and Development (OECD) forecast that the world economy would experience its fastest growth in six[Read More…]

by 16/08/2017
Nordic hedge funds gain in July powered by CTA comeback

Nordic hedge funds gain in July powered by CTA comeback

Stockholm (HedgeNordic) – Nordic hedge funds, as expressed by the Nordic Hedge Index NHX, gained an estimated 0.2% in July (88% reported), bringing the year-to-date performance to 1.6%. The month showed mixed performance across sub-strategies. CTAs was the best performing category recovering from recent losses. However, year-to-date, the strategy is by a wide margin the worst performing one, showing a[Read More…]

by 15/08/2017
Sector Zen Firmly in Positive Performance Territory in 2017

Sector Zen Firmly in Positive Performance Territory in 2017

Stockholm (HedgeNordic) – The Norwegian-based Sector Zen, a value-driven long/short equity fund investing in the Japanese equity market, posted a monthly return of 0.86% in July, bringing the year-to-date return to 5.41%. The fund’s 2017 performance will also receive a one percentage point boost later this year, as one of its long positions was recently announced to be subject to[Read More…]

by 08/08/2017
Brummer divests Talarium

Brummer divests Talarium

Stockholm (HedgeNordic) – Brummer & Partners, through their Brummer Multi Strategy Fund (BMS) , have decided to pull the plug on the investment in long short equity fund Talarium. This according to a news release on the Brummer website. The redemption comes just about one year after Brummer decided to add the fund to its stable of hedge fund investments.[Read More…]

by 21/07/2017
Nordic Equity Funds Down for Second Consecutive Month

Nordic Equity Funds Down for Second Consecutive Month

Stockholm (HedgeNordic) – Nordic equity-focused hedge funds, as measured by the Nordic Hedge Index Equities (NHX-Equities), are on track to post the second consecutive month of negative performance. The NHX Equities exhibits a negative monthly return of 0.26% for June (93% reporting), slightly higher than the 0.21% decline suffered in May. In the absence of company earnings releases and major[Read More…]

by 18/07/2017
Summer Additions to the Nordic Hedge Index

Summer Additions to the Nordic Hedge Index

Stockholm (HedgeNordic) – Three hedge funds have been added to the Nordic Hedge Index (NHX) since the start of the summer, bringing the NHX fund universe to a total of 155 funds. The new additions coincided with the delisting of several funds such as Indecap Prisma and Guide Multihedge, funds liquidated during the second quarter of 2017. Brief introductions to[Read More…]

by 14/07/2017
2-and-20? Not So, In the Nordics

2-and-20? Not So, In the Nordics

Stockholm (HedgeNordic) – The 2-and-20 fee structure was a norm in the hedge fund industry for decades, a fee arrangement introduced by Alfred Winslow Jones in 1949 when he launched what is considered the first hedge fund. However, that seems a thing of the past, with now even major firms as Brevan Howard and Winton joining those managers capitulating to[Read More…]

by 13/07/2017
Interview: Stefan Gavelin, Adrigo

Interview: Stefan Gavelin, Adrigo

Stockholm (HedgeNordic) – Adrigo Hedge is an actively managed equity hedge fund aiming to achieve attractive absolute returns at a lower risk than in the Nordic equity markets. The Stockholm-based fund, which predominantly invests in Nordic equities and equity-related instruments, focuses on larger and more liquid companies throughout the Nordics. Adrigo Hedge has successfully managed to deliver strong returns at[Read More…]

by 11/07/2017
coins, growing, escalate,

J.P. Morgan Set to Launch Hedge Fund ETFs in Europe

Stockholm (HedgeNordic) – J.P. Morgan Asset Management is preparing to launch a set of hedge fund exchange-traded funds for the private client and retail market in the UK and Europe in an attempt to “democratize” hedge fund investing. Hedge fund ETFs employ a wide range of strategies used by hedge fund managers, including long/short, managed futures and market neutral, among[Read More…]

by 06/07/2017
Sweden holds highest hedge fund allocations in Europe

Sweden holds highest hedge fund allocations in Europe

Stockholm (HedgeNordic) – Sweden-based investors have the highest mean current allocation to hedge funds of any European country, with institutions committing 13.4% of their AUM to the industry, above the Europe-based average of 10.3%. This according to a recently published report on the European hedge funds industry by Preqin. According to the report, Sweden has the third largest hedge fund industry[Read More…]

by 29/06/2017
Nordic Hedge Fund Asset Growth Index

Nordic Hedge Fund Asset Growth Index

Stockholm (HedgeNordic) – As of January 2017, HedgeNordic has been calculating and publishing a new index, Nordic Hedge Index – Asset Growth Index (NHX-AGI), with an attempt at representatively measuring the asset growth or decline of the Nordic hedge fund industry. Ambitious as we are, we would have liked to answer simple yet obvious questions as: “how big is the[Read More…]

by 28/06/2017
IPM Launches Feeder Fund for US Onshore Investors

IPM Launches Feeder Fund for US Onshore Investors

Stockholm (HedgeNordic) – Stockholm-based systematic investment manager Informed Portfolio Management (IPM) has launched a U.S. feeder fund that offers U.S. onshore investors efficient access to the quant firm’s main fund, the Systematic Macro Fund. The Delaware feeder fund was launched on June 1st, with the fund investing investor capital into the Cayman Islands-domiciled IPM Systematic Macro master fund that oversees[Read More…]

by 28/06/2017
Excalibur´s Pohjanen eyes Riksbank tightening by year-end

Excalibur´s Pohjanen eyes Riksbank tightening by year-end

Stockholm (HedgeNordic) – Thomas Phojanen (pictured), CEO and Portfolio Manager of Swedish hedge fund Excalibur, expects Sweden´s central bank, the Riksbank, to begin raising interest rates already this year. In an interview with Bloomberg, Pohjanen was quoted as saying: “We’re moving into a time when the Riksbank will gradually change its monetary signalling. When it happens, one should buy protection[Read More…]

by 27/06/2017
Nordic Equity Funds Barely Above Water in May

Nordic Equity Funds Barely Above Water in May

Stockholm (HedgeNordic) – Nordic equity-focused hedge funds, as measured by the Nordic Hedge Index Equities (NHX-Equities), ended May just barely in positive territory, returning a mere 0.01% (89% reporting). Meanwhile, world equity markets, as measured by the MSCI World Index, advanced 2.19% in May, while Nordic equity markets, as measured by the VINX Benchmark Index, rose 2.90% for the month.[Read More…]

by 21/06/2017
HedgeNordic Industry Report 2017

HedgeNordic Industry Report 2017

Stockholm (HedgeNordic) – HedgeNordic is pleased to announce the publication of its annual industry report covering the latest trends in the Nordic hedge fund industry. This year, we found interesting parallels between hedge funds and sports. Analogies or real-world comparisons span over horse riding, boxing, running, football, yoga and fencing as well as life after the game, great sports clubs[Read More…]

by 21/06/2017
Man Group names  Desmyter Head of Responsible Investment 

Man Group names Desmyter Head of Responsible Investment 

Man Group today announced the appointment of Steven Desmyter (pictured) as Head of Responsible Investment and Chair of Man Group’s Responsible Investment Committee. This position recognises his instrumental role in developing and driving forward the firm’s responsible investment capabilities, in support of clients’ needs. Steven, who is member of Man Group’s Executive Committee and Head of Sales across EMEA, will[Read More…]

by 20/06/2017
Cevian Capital: “Constructive Activism”

Cevian Capital: “Constructive Activism”

Stockholm (HedgeNordic) – Cevian Capital, the largest activist hedge fund in Europe with $15.4 billion is assets and which counts Carl Icahn among its investors, has a calm, behind-the-scenes approach and uses public pressure as a last resort, according to a just-published profile by The Economist. The Swedish fund, which was founded by Christer Gardell and Lars Forberg, employs a[Read More…]

by 16/06/2017