- Advertisement -
- Advertisement -

Related

Nordic Hedge Index advances 1,15% in October

Latest Report

- Advertisement -

Stockholm (HedgeNordic.com)  – Nordic hedge funds continued their advance in October, the average fund increasing NAV by 1,15% for the month, according tot he Nordic Hedge Index (NHX). NHX composite now stands 5,14% higher for the year.

While all NHX subindices gained for the month, once again equity strategies were the strongest sub-segment, up by 1,43% (8,57% YTD) ahead of fixed income strategies appreciating by 1,03% in October (8,4% YTD). NHX Multi Strategy gained 0,97% (2,26% YTD) and fund of hedge funds 0,88% (3,77% YTD). Despite gaining just over 1% in October, Managed Futures / CTA are still the only segment in negative territory for 2013 at 1,5% behind 2012 closing prices.

NHX country breakdown shows the stronges advance for Norwegian managers, which added 2,74% in October to compound at an impressive 14,12% for the year so far. NHX Sweden follows inc respecatable distance, up 0,64% in October (4,26% YTD) and NHX Denmark, up 1,62% in Otober (1,15%YTD). NHX Finland still shows up negative for the year by -1,67% despite an advance of 0,86% in October.

Norewgian mangaged, Swiss based Grand Haven Capital reported impressive returns. Grand Haven Capital Fund added 20,54% to NAV in October and is now up over 70% for the year. The managers second fund, Grand Haven Capital Neutral Fund was not far behind in October, storming ahead by 17,12% (44,21%). Both funds are not surprisingly among the top five  among the 150 funds listed in NHX ranked by standard deviation.

Among the top performers for the month were also eTurn, up by 5,23% (24,6% YTD), Graal Kvanthedge (4,9% MTD / 5,96% YTD) and Danske Invest European Equities Absolute Fund (4,75% MTD / 5,13% YTD).

On a year to date basis not surprisingly Grand Havens two funds lead the table looking at absolute net performances. Rhenman Healthcare despite loosing 3,34% in October is close behind, up 42% for the year ahead of Brummer & Partners Manticore, up 32,4% YTD and Madrague Equity L/S, advancing 27,2% so far in 2013.

 

Bild: (c) shutterstock—Hubskaya Volha

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

Our newsletter is sent once a week, every Friday.

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.

Latest Articles

Origo’s Johansson Returns to Sohn Conference with High-Conviction Pick

Swedish stock-picking boutique Origo Fonder is gaining fresh recognition following a strategic transformation, strong performance, and growing assets. The firm’s evolution into an “Origo...

Commodities Lift CTAs Amid Turmoil

In June 2025, the NHX CTA Index was up as losses in stocks and bonds were outweighed by profits in commodities, but briefly erupting...

Finserve Global Security Fund Boosts Quant Edge with Martin Redgård

Under lead portfolio manager Joakim Agerback, the Finserve Global Security Fund has successfully capitalized on the global surge in defense, cybersecurity, and space investments...

Visio Allocator Storms Back After Difficult March

After posting the worst monthly performance in its 15-year history with a 13.7 percent decline in March, the team behind the multi-strategy Visio Allocator...

Sissener Expands Investment and Sales Teams with Senior Hires

Just months after bringing on Mads Andreassen as Investment Manager, Norwegian fund boutique Sissener AS continues to expand its team with two key additions....

Fenja Capital Deepens Bench as Analyst Moves to Full-Time Role

After earning his Master’s degree in Economics from Aalborg University, Anders Madsen has transitioned from a part-time role to a full-time analyst position at...

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.