- Advertisement -
- Advertisement -

Related

Catella delivers with Corporate Bond Fund

Latest Report

- Advertisement -

Stockholm (HedgeFonder.nu) – After two near-flat years of return for Catellas Nordic Opportunities Fixed Income Fund is off to a much brighter start in 2012. The fund, launched in December of 2010, is up by 1,26% in July (OMRX T Bill 0,09%) bringing the year to date return to 5,83% (0,81% for OMRX T Bill).

Late summer 2011 destroyed what had up to then been a clean sheet of green numbers for the fund when it lost 2,57% in August and 2,23% in September, bringing the yearly result to +0,13% after 0,07% in 2010. (for 2010 only one month of trading is on record)

Catella Nordic Fixed Income Opportunity is a corporate bond fund with focus on the Nordic region. The fund allocates among different instruments within the fixed income markets applying an absolute return profile. Derivative instruments may also be used both to hedge the value of the capital invested and to opportunistically leverage incorrect pricing and capitalize on business opportunities.

Catella Nordic Fixed Income Opportunity is co-managed out of Stockholm by Fredrik Tauson and Magnus Nilsson and has an annualized return of 3,77% since inception with a standard deviation for the period of 2% (OMRX T Bill 0,08%), taking Sharpe ratio to just over 1. Catella discloses current assets under management to be at 265MSEK.

Commenting on the months performance Catella writes: ”The funds positive result was generated mainly through increasing prices within the bank and finance sectors. Holdings in RWE, DNB, Aviva, Danske Bank and Rabobank resulted in the most positive contributions.” Looking forward at possible performance drivers the managers write in their monthly statement. “Companies with a BB rating provide, in our opinion, the best risk-adjusted returns in the current situation.”

Subscribe to HedgeBrev, HedgeNordic’s weekly newsletter, and never miss the latest news!

Our newsletter is sent once a week, every Friday.

HedgeNordic Editorial Team
HedgeNordic Editorial Team
This article was written, or published, by a member of the HedgeNordic editorial team.

Latest Articles

Asgard Winds Down Macro Strategy, Refocuses on Fixed Income

Less than a year after the launch of Asgard-Steno Global Macro Fund – a collaborative effort between macro strategist Andreas Steno Larsen and fixed-income...

Eric Strand’s Green-Gold 60/40 Alternative Roars Back to Life

After a two-and-a-half-year drought, including a rough start to 2025, AuAg Precious Green has taken off in recent months. The fund, Eric Strand’s innovative...

BNY Debuts Tail-Risk Overlay Fund

BNY Investments Newton, the specialist multi-asset and equity management arm of BNY Mellon, has launched the BNY Adaptive Risk Overlay Fund – a tail-hedging...

Taiga Fund Delivers Best First Half Since 2019

Usually operating under the radar, Norwegian long/short equity vehicle Taiga Fund delivered one of its strongest first-half performances to date – its best since...

Quirky Questions for Harold De Boer (Transtrend)

Not every conversation in the hedge fund world needs to revolve around alpha, trend signals, or trading models. In HedgeNordic’s Quirky Questions series, we ask industry...

Mapping the Finnish Hedge Fund Landscape

Beyond operating as a media platform, HedgeNordic maintains an extensive database of Nordic hedge funds and related data. Although the data is not without...

Allocator Interviews

In-Depth: High Yield

Voices

Request for Proposal

- Advertisement -
HedgeNordic
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.