- Advertisement -
- Advertisement -

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

Finnish Family Office Backs Asilo

Stockholm (HedgeNordic) – Founded by the Laine family in 1965 as a fruit and vegetable wholesaler, Veikko Laine Oy has evolved and developed a...

Fishing Where the Fish Are

Stockholm (HedgeNordic) – With a wealth of experience in value creation gained from his tenure at McKinsey and later in private equity at SEB,...

Norwegian Trio Aims to Capture Bitcoin Momentum

Stockholm (HedgeNordic) – Three Norwegian friends, who have known each other since their school days and pursued their master’s studies at the same university,...

Formue Leads Charge for Cash Hurdles

Stockholm (HedgeNordic) – In the decade following the financial crisis, the low-interest-rate environment enabled many hedge funds to launch without setting cash-based hurdle rates...

AP3 Re-Enters Emerging Markets with a Fresh Lens

Stockholm (HedgeNordic) – Sweden’s buffer fund, AP3 Tredje AP-fonden, made the decision to divest all of its equity exposure to emerging markets in 2022...

Beyond the Frontier of Emerging Markets

Stockholm (HedgeNordic) – Frontier markets, often characterized by their smaller size, low-income economies, growing populations and underdeveloped infrastructure compared to emerging or developed markets, are...

Allocator Interviews

Latest Articles

In-Depth: Emerging Markets

Voices

Request for Proposal

- Advertisement -