- Advertisement -
- Advertisement -

Related

Global hedge funds up, Nordics down in October?

Latest Report

- 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

Strong Five-Year Run Fuels Excalibur’s Return to SEK 1 Billion AUM

Excalibur Fixed Income has regained the SEK 1 billion mark in assets under management for the first time since 2019, driven by a strong...

Quirky Questions for Dr. Alexander Mende (RPM)

Not every conversation in the hedge fund world needs to revolve around trend signals, Sharpe ratios, or manager due diligence. In HedgeNordic’s ongoing Quirky...

Elementa Tops Swedish Hedge Fund Universe in H1

After celebrating its ten-year anniversary in March, long/short equity fund Elementa closed the first half of 2025 as the best-performing Swedish hedge fund, delivering...

Asgard Winds Down Macro Strategy, Refocuses on Fixed Income

Less than a year after the launch of Asgard-Steno Global Macro Fund – a collaborative effort between macro strategist Andreas Steno Larsen and fixed-income...

Eric Strand’s Green-Gold 60/40 Alternative Roars Back to Life

After a two-and-a-half-year drought, including a rough start to 2025, AuAg Precious Green has taken off in recent months. The fund, Eric Strand’s innovative...

BNY Debuts Tail-Risk Overlay Fund

BNY Investments Newton, the specialist multi-asset and equity management arm of BNY Mellon, has launched the BNY Adaptive Risk Overlay Fund – a tail-hedging...

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.