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Nordic hedge funds bounce back in July

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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 (HedgeNordic.com) – Nordic hedge funds gained 0,4% in July according to NHX composite, regaining  some of the ground lost following a 1,1% drop in June.

Strongest advancers were equity strategies up 1,12% for the month (4,01% YTD) followed by Fixed Income strategies +0,68% MTD (6,22% YTD) and NHX Fund of Hedge Funds  which appreciated 0,39% in July (+2,61% YTD). While multi strategy funds were virtually flat Nordic Managed Futures funds gave up  1,19% almost cutting the profits made during the rest of 2013 in half.

Rhenman Healthcare Equity L/S was the strongest performing fund within the 130 funds in the Nordic Hedge Index in July advancing by 11,52% (41,13% YTD!) followed by Atlant Edge +9,9% (17,18% YTD), Atlant Sharp +7,5% (+12,41% YTD) and Alandsbanken Commodity Fund up 4,39% (2,31% YTD). Grand Haven Capital Fund interrupted a clean sweep of the top five places for Swedish managers gaining 5,4% (+15,03% YTD).

This also reflected in the monthly results for the individual country indices: NHX SWE up strongest in July with 0,8% just ahead of NHX NOR up 0,76% with NHX DK loosing  1,27% and NHX FIN down 1,20%. In aggreagate, Norwegian managers are up strongest in 2013 appreciating almost 7,5%.

Notably, only Alandsbanken Commodity Fund and Brummers Lynx managed to book green numbers in July among the 17 funds listed in the NHX CTA subindex. The Nordics largest CTA could add 0,56% to ist NAV in what is otherwise a difficult year fort he manager.

Leading the table of strongest  net performers for 2013 sofar is up an impressive 42,13% ahead of Finish CTA Estlander & Partners Alpha Trend II – Class P up 33,38% YTD despite two negative months profiting from a very strong start to the year and Norwegian Sector Zen up 17,28% neck on neck with Atlant Fonders Edge fund up 17,18% for the year.

The Nordic Hedge Fund Index (NHX) is an equal weighted hedge fund index derived from the performance of hedge fund managers and advisors within the universe of Nordic hedge funds. The index is based on data reported directly to HedgeNordic.com by the hedge fund managers themselves.

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Bild: (c) shutterstock—Denis Vrublevski

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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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