- Advertisement -

Related

Catella delivers with Corporate Bond Fund

- 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

Maybe CTA Alpha is Simpler Than You Think: Evidence from the ETF Space

By Andrew Beer, Co-Founder of DBi: Managers of CTA hedge funds and mutual funds often argue that complexity leads to higher alpha generation. After all, why...

Lynx Marches Through March Mayhem

March was defined by a sharp escalation in geopolitical tensions, particularly involving the U.S., Israel, and Iran, creating a highly challenging environment for most investment...

Mixed March for Managed Futures

A sharp escalation in geopolitical tensions set the tone for March, as the US and Israel’s attacks on Iran triggered significant cross-asset volatility. In...

Stop Making Room for Managed Futures

By Corey Hoffstein, Co-Founder, CEO and CIO at Newfound Research: The case for managed futures as a portfolio diversifier is well established. During the...

Othania Positions Trend-Following at the Core of Multi-Asset Portfolios

Not many investors in the Nordics explicitly allocate to trend-following strategies, yet those who do often regard them as an essential building block in...

Muddling Through the Mess: Managed Futures ETFs

By Alexander Mende and Per Ivarsson at RPM Risk & Portfolio Management: Traditionally, Managed Futures (MF) strategies have been limited to hedge funds known...

Allocator Interviews

In-Depth: Diversification

- Advertisement -

Voices

Request for Proposal

- Advertisement -