- 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

HSBC’s Three Decades of Building Hedge Fund Portfolios

Hedge fund investing has become increasingly institutionalized and resource-intensive, requiring access to specialized managers alongside deep due diligence, portfolio construction, risk management, and ongoing...

The Benefits of Multi-Manager Portfolios in CTA Investing

At first glance, CTA investing can appear deceptively homogeneous. Many managers trade the same liquid futures markets and rely on systematic, trendfollowing models that...

Why Some Nordic Allocators Prefer Multi-Strategy Hedge Funds

Many institutional allocators spend years building portfolios of single-strategy hedge funds across different asset classes, geographies, and investment styles. Yet there is also a...

Allocators Seek Sharpe, Not Spectacle When Opting for Multi Managers

Global allocators are once again paying closer attention to multi-strategy and multi-manager hedge fund solutions. But unlike the years before the financial crisis, the...

Swiss Family Office Seeks $5 Million Allocation to Liquid Alternatives

A Swiss family office is seeking to allocate $5 million to liquid alternative investment strategies, including hedge funds, managed futures, commodities, and funds providing...

OP’s R2 Crystal Sees Stronger Case for Hedge Funds

For much of the past decade, hedge funds struggled to compete against strong beta-driven markets fueled by ultra-low interest rates and abundant liquidity. But...

Allocator Interviews

In-Depth: Diversification

- Advertisement -

Voices

Request for Proposal

- Advertisement -