- Advertisement -
- Advertisement -

Related

Ugly August

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – August 2015 may well go down as the worst month for Nordic hedge funds since October 2008, when the NHX composite lost 4,02% of its value. With around 40% of constituents having reported numbers for August, NHX composite is indicating a retreat of 1,82% for the month, cutting the year to date appreciation to 2,5%.

Once again however it seems Nordic hedge funds weather stormy periods better than their international peers: The HFRX Global Hedge Fund Index posted a decline of -2.21% in August (-1% YTD); The Lyxor Hedge Fund Index was down 3.5% as of end Aug. 28 (-0.8% YTD) while HFRU Hedge Fund Composite Index declined -2.54% (+1.53% YTD) and  Credit Suisse Liquid Alternative Beta Index was down 2.23%.

Losses for hedge fund strategies were reported across the board, NHX CTA loosing -1,57% in August (-0,9% YTD), NHX Equity -1,89% (5,76% YTD), NHX Fixed Income -0,57% (0,89% YTD), NHX Multi Strategy -2,51% (1,88% YTD) and NHX FoF -2,05% for the month (0,3% YTD).

While managers are slow reporting and more than half of NAVs are outstanding, among the ones hit hardest in August were Rhenman Equity L/S (-10,95% MTD / 20,4% YTD), Danish Formuepleje funds Penta (-9,5% MTD, 1,25% YTD) and Epikur (-8,16% MTD / 1,9% YTD), Atlant Edge (-8,1% MTD / 0,3% YTD) and Lynx (-7% MTD / 7,53%).

Gladiator (+3,92% MTD / 9,5% YTD), Sector Healthcare (4,02% MTD / 7,56% YTD) and ALFA Commodity Fund (5,03% MTD / 3,55% YTD) and IPM Systematic Currency   (6,19% MTD / 5,66% YTD) and Mermaid Nordic (6,36MTD / -0,99% YTD) are the top performers among early reporters.

There are some dynamics early in the month with new NAVs being reported in high frequency. An overview of the Nordic Hedge Index (NHX), subcategories and top performers can be accessed here: NHX overview.

A more comprehensive report on the months performance will be published mid month.

 

Picture: (c) Paul-Fleet—Fotolia.com

 

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

Playing ‘Moneyball’ for Investors

Having managed the opportunistic hedge fund Pensum Global Opportunities under the Pensum Asset Management umbrella since 2022, Sector co-founder Peter Andersland has now established...

One Big Winner Lifts Accendo Into the Top Ten

When your portfolio holds six names, one big winner can move the needle in a major way. For Accendo Capital, September proved just that....

Slim Nordic Line-Up at HFM Awards

With Intelligence has revealed the shortlist for the HFM European Performance Awards 2025, featuring an unusually small number of Nordic hedge funds among this...

Record Gold, Rising Momentum

The NHX CTA Index gained in September 2025, supported by a broad-based trend environment. Most of the profits came from precious metals, as gold...

From Rocky Starts to Solid Returns and Milestones

Lynx Asset Management, best known for its flagship trend-following program Lynx, has in recent years expanded its product offering with the launch of Lynx...

Europe’s Infrastructure Transformation: Where the Smart Money is Going

Infrastructure is at the heart of Europe’s economic transformation. Richard Marshall, Head of Infrastructure Research at DWS, explores how subsectors like data centres, renewable...

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.