- Advertisement -

Related

Global hedge funds up, Nordics down in October?

- Advertisement -

Stockholm (HedgeNordic) – According to mid-month estimates from Hedge Fund Research, global hedge funds are recovering in October. The HFRX Global Hedge Fund Index gained 0.9 % through mid-month with equity hedge and event driven strategies making strong gains. However, CTAs and macro strategies struggled.

Early indications for the Nordic hedge fund space may paint a different picture. Some of the managers releasing mid month estimates for October include the funds within the Brummer & Partners family. According to the manager´s estimates, Brummer Multi Strategy  was down 0.3 % by mid-month bringing performance for 2015 to +1.0 %. Among the losing strategies were Carve (-4.0 %), Florin Court (-3.0 %) and Lynx (-2.1 %). Profitable strategies included Zenit (+2.2 %), MNJ (+1,3 %) and Manticore (+0.8 %).

IPM released mid month estimates showing IPM Systematic Macro trading down by -0,4% and IPM Systematic Currency down by -1%. Out of the equity strategies with monthly NAVs Alsback European Absolute Return fund indicates -0,3% mid October.

By the end of September, the Nordic Hedge Index (NHX) was still in positive territory by 2%, with a 91% conviction level. Disregarding the two negative years NHX has on record in 2008 and 2011, we are on course for the lowest positive return on record for Nordic hedge funds, which up until now was logged in at +2,8% in 2007.

 

Picture: (c) alphaspirit—shutterstock.com

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

Our newsletter is sent once a week, every Friday.

Jonathan Furelid
Jonathan Furelid
Jonathan Furelid is editor and hedge fund analyst at HedgeNordic. Having a background allocating institutional portfolios of systematic strategies at CTA-specialist RPM Risk & Portfolio Management, Mr. Furelid’s focus areas include sytematic macro and CTAs. Jonathan can be reached at: jonathan@hedgenordic.com

Latest Articles

Beyond 60/40: The Case for Liquid, Systematic Diversification

By Bjarne Graven Larsen: For decades during the great moderation, the 60/40 portfolio was the institutional investor's Swiss army knife. Equities grew wealth; bonds...

Aspect Capital’s Evolving Approach to Chinese Futures

Chinese futures in general add substantial diversification benefits to global futures - and the Chinese commodity futures that dominate certain Aspect Capital strategies also...

Systematic Merger Arbitrage in 2026: Why a Rules-based Approach Matters More Than Ever

By Scott Schefrin, Portfolio Manager at AB Hedge Fund Solutions: After a series of slower years for deal activity, merger arbitrage has re-emerged as a compelling strategy...

Not So Lazy Prices

By Liam Hynes, PhD – S&P Global Market Intelligence: Systematic investing has always been a story of expanding information sets. Prices, then fundamentals, then...

The Hidden Beta in LLM Recommendations

By Victor Brassart and Dan Edelstein at Hafnium: As LLMs become useful in coding, copywriting, and even mathematics, it is natural to ask whether...

Edge Hunting Across Eras

“I have always looked for an advantage or an edge in markets, and I still do,” says Peter Warren. Over more than four decades...

Allocator Interviews

In-Depth: Diversification

- Advertisement -

Voices

Request for Proposal

- Advertisement -