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Nordic Hedge Index climbs 8th consecutive month – All time High

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This year’s Alternative Fixed Income report from HedgeNordic explores how institutional investors and asset managers are navigating this new reality, balancing yield and resilience amid shifting credit cycles, structural change, and evolving sources of return.

Stockholm (HedgeFonder.nu) – Nordic hedgefunds continued to extend their advance in May and climed the eigth consecutive month to reach a new all time high.

The Nordic Hedge Index (NHX) climbed from an index value of 131.93 in October 2012 to 138.69(est)points by the end of May, 82% oft he 129 listed funds having reported their numbers. The average Nordic hedge fund extended gains by 0,75% for the month and is ahead by 3.79% over last years closing price.

Equity and fixed income strategies were leading the way with little between them up 1.33% and 1,32% respectively for the month. Fixed income hedge strategies are also the strongest gainers for the year, up 5.61% YTD.

Other strategies to profit in May were multi strategy hedge funds (+0,72%) and fund of hedge funds (+0,4% MTD).

The only strategy to loose montey in May were managed futures / CTA, retreating by 0,76% for the month. The sub strategy is still up a strong 4,39% for the year though making CTA the second most profitable hedge fund strategy.

The sub-indices for the individual Nordic countries is lead by Norway (+2,6%) ahead of Sweden (0,64%). Denmark (-0.24%) and Finland (-0,3%) ending May in red numbers.

Year to date Norwegian (+7,89%) and Finish (+7,35%) managers were the strongest performers, pulled along by individual performances from Grand Haven (NO) and Estlander & Partners (FI).

Top performing funds in May were Grand Haven Capital Fund (11,18% MTD / 15,66% YTD) Grand Haven Market Neutral Fund (8,46% MTD / 5,85% YTD) and Swedish DnB TMT Absolute Return Fund (7% MTD / 9,82% YTD).

With an advance of over 50% so far, Estlander & Partners Alpha Trend II Class P is the strongest performing fund YTD within the Nordic Hedge Index ahead of Swedish Rhenman Healthcare Equity L/S (31,58%), Norwegian Sector Zen (+19,95%) and Asymetric Global Macro Fund (18,75%).

The best performing Swedish hedge funds in 2013 until May 31st within the Nordic Hedge Index are Rhenman Healtcare (+31,58%) Atlant Edge (14,41%) PriorNilsson Idea (10,34%) and Atlant Sharp (9,95%).

 

Picture: (c) shutterstock—sababa66

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Kamran Ghalitschi
Kamran Ghalitschi
Kamran has been working in the financial industry since 1994 and has specialized on client relations and marketing. Having worked with retail clients in asset management and brokerage the first ten years of his career for major European banks, he joined a CTA / Managed Futures fund with 1,5 Billion USD under management where he was responsible for sales, client relations and operations in the BeNeLux and Nordic countries. Kamran joined a multi-family office managing their own fund of hedgefunds with 400 million USD AuM in 2009. Kamran has worked and lived in Vienna, Frankfurt, Amsterdam and Stockholm. Born in 1974, Kamran today again lives in Vienna, Austria.

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