- Advertisement -

Related

Nordic CTAs show dispersed returns in Q3

- Advertisement -

Stockholm (HedgeNordic) – As financial markets turned increasingly volatile in the third quarter, CTAs showed resilience. The NHX CTA index gained 1.5 percent during the period, slightly underperforming global industry benchmarks. Year to date, Nordic CTAs as represented by NHX, are up 0.3 percent.

Performance dispersion remained high as short term strategies continued to struggle while fundamental strategies had a solid month.

Among the large names, Lynx lost 1 percent during the quarter, with steep losses seen in August. SEB Asset Selection, on the other hand, gained 1.8 percent. Among the strongest performers were IPM Systematic Currency and Estlander Alpha Trend with gains of 7.4 percent and 6.7 percent respectively.

On the year, MG Commodity is by far the strongest performer, especially when adjusting for risk (see table 2 where all managers are adjusted to the average volatility level of Nordic CTAs).

table1_2
table2_2

Bild: (c) Minerva-Studio—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

Tidan Capital Adds Luca Moro as Senior Portfolio Strategist

Stockholm-based boutique Tidan Capital has appointed Luca Moro as Senior Portfolio Strategist, strengthening the team led by founders and portfolio managers Michael Falken and...

Axel Ekros: From Elite Rowing to Finding Opportunities in Nordic Equities

The next generation of portfolio managers often begins its journey away from the spotlight, developing investment skills as analysts before taking on portfolio responsibility....

Borea Opens Oslo Office as Expansion Continues

Bergen-based Borea Asset Management is expanding its presence in Norway with the opening of an office in Oslo and the appointment of two client...

The European SMID Opportunity Through Mind and Machine

By Fleura Shiyanova at Kepler Unigestion: European small- and mid-cap equities offer access to businesses at the centre of Europe’s investment priorities, yet many...

Alcur Classic Returns to Unrestricted Subscriptions

Swedish stock-picking boutique Alcur Fonder is lifting subscription restrictions on its flagship hedge fund, Alcur Classic, less than a year after introducing limits on...

The Madness of Crowds Creates Short Opportunities in Nordic Small Caps

Shorting Nordic small and mid-cap stocks requires more than identifying companies whose valuations appear stretched. Limited borrow availability, thin trading volumes, and unpredictable price...

Allocator Interviews

Voices

Request for Proposal

- Advertisement -