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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
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
Long equity exposure no reason to doubt CTA crisis protection – RPM

Long equity exposure no reason to doubt CTA crisis protection – RPM

Stockholm (HedgeNordic) – In its most recent research piece, Swedish CTA-specialist RPM argue that the current long equity exposure of systematic trend following strategies is by no means a reason to doubt the efficiency of these strategies to capture so-called crisis alpha. “When an equity crisis sets in, CTAs are typically long equities and, thus, will suffer losses from this[Read More…]

by 23/08/2017
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
Interview: Caba Capital in fixed income hedge fund launch

Interview: Caba Capital in fixed income hedge fund launch

Caba Capital is the latest addition to the successful group of fixed income hedge fund managers that have been coming out of Denmark in recent years. Following a capital raising period which, according to the fund manager has brought in DKK 200 million in initial investments (well above the DKK 100 million that was set as target), the team started[Read More…]

by 19/07/2017
Nordic CTAs add to losses in second quarter as industry suffers

Nordic CTAs add to losses in second quarter as industry suffers

Stockholm (HedgeNordic) – Nordic CTAs continued to struggle during the second quarter 2017 as the NHX CTA Index lost another 4.1% during the period, bringing the year-to-date loss to -5.8%. This was largely in line with global industry benchmark as the SG CTA Index and the Barclay BTOP50 Index posted losses of 3.5% and 3.1% respectively. The managed futures industry[Read More…]

by 17/07/2017
Nordic hedge funds negative in June, CTAs continued to weigh

Nordic hedge funds negative in June, CTAs continued to weigh

Stockholm (HedgeNordic) – Nordic hedge funds, as expressed by the Nordic Hedge Index NHX, lost an estimated 0.5% in June (90% reported), bringing the year-to-date performance to 1.5%. The month showed mixed performance across sub-strategies with CTAs again underperforming posting a loss of 3.1% (-5.9% YTD) while fixed income strategies continued to shine gaining an addtional 0.6% and thereby enhancing[Read More…]

by 16/07/2017
Svante Bergström - Lynx

Lynx extends worst drawdown since inception following June setback

Stockholm (HedgeNordic) – Swedish CTA giant Lynx, headed by CEO and founding partner Svante Bergström (pictured), posted one of its worst monthly losses since inception in June (only 5 months have been worse according to HedgeNordic data) as the high profiled trend follower gave back 6.9%, bringing year-to-date performance to -13.2% for its flagship fund. This means that the fund is[Read More…]

by 16/07/2017
Directional volatility key to turnaround for CTAs, RPM argue

Directional volatility key to turnaround for CTAs, RPM argue

Stockholm (HedgeNordic) – In Wednesday´s edition of EFN TV’s “Börslunch Special”, a local Swedish television show covering financial markets, RPM’s executive Vice President Per Ivarsson (pictured) talked about the recent weak performance of CTAs and what would be required for it to turn around. Walking through the most recent development for the CTA industry, Ivarsson pointed to the fact that[Read More…]

by 29/06/2017
The Mystery of Historically Low Volatility

The Mystery of Historically Low Volatility

Stockholm (HedgeNordic) – One of the biggest mysteries in the world of financial markets in the still young Trump era has been the historically low level of volatility despite all the turmoil and geopolitical uncertainties prevailing across the globe. The current state of the world demands a significantly higher volatility according to the president of the Federal Reserve Bank of[Read More…]

by 27/06/2017
Nordic hedge funds flat in May, Accendo and Brummer among winners

Nordic hedge funds flat in May, Accendo and Brummer among winners

Stockholm (HedgeNordic) – Nordic hedge funds, as expressed by the Nordic Hedge Index NHX, lost an estimated 0.06% in May (85% reported), bringing the year-to-date performance to 2.1%. The month was characterized by a disparity of returns between the strategy groups underlying the NHX Index. While CTAs in particular continued to weigh on performance, losing another 0.96% to bring year-to-date[Read More…]

by 16/06/2017
Mixed CTA May Performance Shows Few Points of Light

Mixed CTA May Performance Shows Few Points of Light

Stockholm (HedgeNordic) – The latest performance figures for the Societe Generale (SG) CTA indices are showing a flatish performance overall for CTAs in May, punching in at -0.18% for the month and -2.76% YTD, contributing to an already dismal 2017 in which the strategy has found it hard to hold head above water globally. The overall trend suggested by the[Read More…]

by 09/06/2017
CTAs more than just a tail risk hedge – Bornemann

CTAs more than just a tail risk hedge – Bornemann

Stockholm (HedgeNordic) – In a recent interview with Citywire, Hans-Olov Bornemann (pictured), who is heading the quant team behind the SEB Asset Selection Fund, explained why CTAs are more than just a tail risk hedge and that the strategy has fared well also in upward sloping markets. “CTAs do perform very well in volatile markets, or more specifically in negative[Read More…]

by 07/06/2017
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
IPM Systematic Approach Pays Off Amid Trump Deflation

IPM Systematic Approach Pays Off Amid Trump Deflation

Stockholm (HedgeNordic) – Deflating hopes about U.S. President Donald Trump’s reflation effect have proved highly beneficial to Swedish investment manager Informed Portfolio Management (IPM), with its Systematic Macro Fund outperforming benchmarks such as the HFRX Macro Systematic Diversified CTA Index and the NHX Nordic Hedge Fund Index amid growing doubts about U.S. President Donald Trump’s ability to achieve key aspects[Read More…]

by 30/05/2017
Nordic hedge funds build on momentum in April

Nordic hedge funds build on momentum in April

Stockholm (HedgeNordic) – Nordic hedge funds, as expressed by the Nordic Hedge Index NHX, gained an estimated 0.57% in April (93% reported), bringing the year-to-date performance to 2.18%. This was the 10th consecutive monthly gain for the index. The month was characterized by a positive sentiment overall for Nordic hedge funds with all NHX sub-categories but one showing positive returns.[Read More…]

by 23/05/2017
Interview: Carl Rydin – Origo Capital

Interview: Carl Rydin – Origo Capital

Stockholm (HedgeNordic) – Last week, the Swedish activist hedge fund manager Origo Capital announced the hire of Carl Rydin (pictured) as new portfolio manager. Carl, who joins from the US long/short equity hedge fund Lucerne Capital, will be added to the team of analysts behind the Origo Quest 1 fund. In an interview with HedgeNordic, Carl explains how he identifies[Read More…]

by 15/05/2017
United Bankers ups weight in Swedish property

United Bankers ups weight in Swedish property

Stockholm (HedgeNordic) – United Bankers, the Finnish asset manager  focusing on REITs funds, have through its UB Real REIT Fund increased  the weight to Swedish property shares. The Swedish market is now the  second biggest in the fund, according to the fund´s monthly commentary. The UB Real REIT Fund, which invests in listed property shares and REIT’s, has built positions[Read More…]

by 12/05/2017
Announcing the winners: Best Nordic CTA 2016

Announcing the winners: Best Nordic CTA 2016

Stockholm (HedgeNordic) – In what was a challenging year for the CTA industry overall, there were some funds clearly standing out from the crowd, significantly outperforming industry benchmarks. In the Nordic hedge fund space, both funds from IPM; Systematic Macro and Systematic Currency, had a stellar year with gains of 7.4% and 9.5% respectively which compares favourably to the NHX CTA[Read More…]

by 02/05/2017