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European Short Observer: September 2017

European Short Observer: September 2017

This report displays insights from the European Short Disclosure Regulation (ESMA). Using daily lings, Novus track over 50 billion Euros in short investments across more than 250 managers. Novus will explore last month’s sector exposure changes and best short picks. We’ve also ranked the most shorted securities, the most covered securi- ties, and the top new shorts. The biggest increase during September[Read More…]

by 20/10/2017
Interview – Michael Idevall, Arcturus

Interview – Michael Idevall, Arcturus

Stockholm (HedgeNordic) – After having spent 12 years successfully managing the specialist global equity fund Camelot at Lancelot, a long-only fund that could alter its long equity exposure by changing its cash proportion, Michael Idevall (pictured) decided to leave to set up his own hedge fund, using a more flexible mandate. In March 2016, he launched the fund Arcturus together[Read More…]

by 19/09/2017
Nordic hedge funds gain in August, CTAs continue rebound

Nordic hedge funds gain in August, CTAs continue rebound

Stockholm (HedgeNordic) – Nordic hedge funds, as expressed by the Nordic Hedge Index NHX, gained an estimated 0.17% in August (83% reported), bringing the year-to-date performance to 1.68%. The month showed overall solid performance numbers, with CTAs continuing its rebound from July to finish August 0.98% higher. The strategy was the best performer on the month but is still lagging[Read More…]

by 11/09/2017
BMS Managers comment on performance

BMS Managers comment on performance

Stockholm (HedgeNordic) – In a video interview, Patrik Brummer and newly appointed managing director and portfolio manager  Mikael Spångberg, responsible for Brummer Multistrategy talk about the performance of the fund so far in 2017. For Patrik Brummer, the performance is definitely better than in the past few years, and the quality of the performance is high. He is particularly satisfied by[Read More…]

by 08/09/2017
Manticore CIO on Impressive 2017 Performance

Manticore CIO on Impressive 2017 Performance

Stockholm (HedgeNordic) – Tech-focused equity hedge fund Manticore, backed by Stockholm-based fund-of-hedge-funds firm Brummer & Partners, has been delivering jaw-dropping returns in 2017. The long/short fund focused on investing in the technology, media and telecommunications (TMT) sectors returned an estimated 6.2% in August, bringing the year-to-date gains to an impressive figure of 35.9%. In a video interview, Manticore’s Chief Investment[Read More…]

by 04/09/2017
Svante Bergström - Lynx

Lynx “down but not out”

Stockholm (HedgeNordic) – In a recent article in Swedish business magazine Dagens Industri (DI), Svante Bergström (pictured), founder and CEO of Swedish systematic trend following hedge fund Lynx, was asked whether there is a risk that the fund will be closed by Brummer & Partners. The reasoning being that Brummer is keen on closing non-performing funds, highlighted by the closure[Read More…]

by 01/09/2017
Nordic CTAs recover in July, trend followers in bad international company on year

Nordic CTAs recover in July, trend followers in bad international company on year

Stockholm (HedgeNordic) – Nordic CTAs, as measured by the Nordic Hedge CTA Index (NHX CTA), gained 2.37 percent in July and thereby recovered from recent losses. Year-to-date, the index is still in firm negative territory with losses mounting to 3.64%. In July, the best performing manager was the Alfa Axiom Fund from Alfakraft, with gains of 8,3 percent, closely followed[Read More…]

by 17/08/2017
Facebook most held position by hedge funds

Facebook most held position by hedge funds

Stockholm (HedgeNordic) – Facebook is the most widely held position among major global hedge funds according to the latest hedge fund ownership report from Novus, which tracks trends in international filings for over 5.000 hedge funds. According to Novus data, hedge funds had more than 5 percent of stock ownership in the social media giant translating into an underlying value[Read More…]

by 02/06/2017
UK Election Doesn’t Pre-Empt Fears of “Hard” Brexit

UK Election Doesn’t Pre-Empt Fears of “Hard” Brexit

Stockholm (HedgeNordic) – UK Prime Minister Theresa May’s decision Tuesday to call a snap General Election on June 8 is “not without risk,” according to Mike Amey, head of sterling portfolio management at PIMCO. However, the prospects of a victory for Labour and its leader Jeremy Corbyn are low, with a 20-point lead in the polls for the Conservatives who[Read More…]

by 20/04/2017
Hedge Funds Resilient As Geopolitical Risk Intensifies

Hedge Funds Resilient As Geopolitical Risk Intensifies

Stockholm (HedgeNordic) – Hedge funds are proving resilient in the face of an explosion of geopolitical risk, Lyxor writes in its latest weekly brief. With an increasingly speculative and uncertain first round of the French presidential election, the U.S. strike on Syria and tensions on the Korean peninsula, hedge funds strategies have for the most part remained positive, CTAs being[Read More…]

by 19/04/2017
“Trump Tracker” Devised To Help Managers Hedge

“Trump Tracker” Devised To Help Managers Hedge

Stockholm (HedgeNordic) – Research firm Sentieo has built a “Trump Tracker” for hedge fund managers and others wishing to stay on top of U.S. president Donald Trump’s wild and unpredictable twitter announcements. The president has shown a penchant for reacting instinctively and tweeting wild accusations and what could sometimes be interpreted as policy changes, much to the consternation of some[Read More…]

by 30/03/2017
CFA Institute: Geopolitical Risk is Back

CFA Institute: Geopolitical Risk is Back

Stockholm (HedgeNordic) – Historically, funds have diverged strongly as to the necessity of political risk assessment, depending on strategy, investment targets, geopolitical location and a host of other factors. Some, such as Sweden’s Informed Portfolio Management, see little need for it at all, considering broader calculations. Nevertheless, there are indications that views on the need to re-incorporate political risk into[Read More…]

by 17/03/2017
Court Overrules Hedge Fund Plaintiffs in Fannie, Freddie Case

Court Overrules Hedge Fund Plaintiffs in Fannie, Freddie Case

Stockholm (HedgeNordic) – Fannie Mae and Freddie Mac shares plunged over 30% after a decision was handed down this past Tuesday by a U.S. federal appeals court that hedge funds still won’t be able to sue the U.S. government for seizing their profits following Fannie and Freddie’s post-2008 bailout. Fannie Mae shares were down 34.7% while Freddie Mac shares slid[Read More…]

by 23/02/2017
Bullish Hedge Funds Bet Big on Crude Price Rises

Bullish Hedge Funds Bet Big on Crude Price Rises

  Stockholm (HedgeNordic) – Hedge Funds are making a massive collective bet on rising oil prices, according to the most recent data from regulators and exchanges. Having added an extra 41 million barrels to net long positions in the seven days ending in January 31, hedge funds now have long positions equivalent to almost 1 billion barrels across contracts with[Read More…]

by 09/02/2017
U.S. Hedge Fund Perspectives Shift on Europe

U.S. Hedge Fund Perspectives Shift on Europe

Stockholm (HedgeNordic) – Perspectives are changing on Europe among U.S. hedge funds, the Financial Times reports. It follows that valuations are looking increasingly attractive to investors compared with the U.S., and a small but growing number of hedge funds are taking the lead in increasing their exposure. Continental Europe is currently held to be one of the least fashionable markets[Read More…]

by 07/02/2017
Seven Habits of Highly Successful  Portfolio Managers

Seven Habits of Highly Successful Portfolio Managers

In today’s hyper-competitive business world, there’s a never-ending deluge of self-help lists, man- agement consultants, and executive mentorship training. You can read Medium or HBR, you can watch TED talks, and you can attend a Coursera webinar. While most management observers point to improved baselines across corporations, the zeitgeist of media attention gravitated toward the Silicon Valley startup space and[Read More…]

by 03/01/2017
Lyxor Weekly Brief

Lyxor Weekly Brief

It would be an understatement to say that active investing has been challenged in 2016. Political risks loomed large and the switch from deflation fears to reflation hopes in H2 led to sizeable trend reversals across the board. This took most investors by surprise. Hedge funds underperformed global equity and bond indices in 2016, while active mutual funds failed to[Read More…]

by 03/01/2017
Saudi Arabia – new cornerstone to emerging markets

Saudi Arabia – new cornerstone to emerging markets

Saudi Arabia is the biggest and most in uen al member of the six-member Gulf Coopera on Council (GCC) that was created back in 1981 and whose member states’ currencies are pegged to USD. In total roughly 50 mln people live in the GCC, around 700 companies are listed on the local stock exchanges and aggregate market caps stack up to[Read More…]

by 15/12/2016
Emerging-market debt investing: A Nordic perspective

Emerging-market debt investing: A Nordic perspective

Nordic-based investors, recognising the long-standing investment challenges facing institutions, are again exhibiting their receptiveness to investment solutions that lie outside the historical comfort zones of their local investment universe. Recent years have seen Nordic-based investors allocate meaningfully to global real estate and private equity assets, and today, other alternative asset classes have also come into sharper focus. With interest rates[Read More…]

by 05/12/2016
Northern Horizon and Catella launch Baltic real estate fund

Northern Horizon and Catella launch Baltic real estate fund

Stockholm (HedgeNordic) – Teaming up with Swedish property asset and fund manager Catella as global coordinator, real asset manager Northern Horizon is launching a public real estate fund, investing into Baltic properties, in December. The fund, named Baltic Horizon, which raised 20.5 MEUR in a first capital raising round during the summer, is currently listed on the Nasdaq Tallinn exchange but will[Read More…]

by 15/11/2016