- Advertisement -
- Advertisement -

Related

Nordic CTA´s wrong-footed in October

Industry Report

- Advertisement -

Stockholm (HedgeNordic) – As previously reported, Nordic CTAs had a dificult month in October. Early indications showed a loss of as much as -3,7%. With all programs having reported their monthly returns, the sector managed to claw back some territory, yet with now a 100% conviction, the final number for the NHX CTA index still stands at -3.1% for the month and -2,8% for the year. NHX composite added 0,8% in October and is up by 3% year to date.

Trend followers were the hardest hit among the CTA strategieswith the high leverage version of Estlander’s Alpha Trend II Class P program being down as much as 18 % on the month. SEB Asset Selection also had a difficult month with the standard leverage program down 3.9% and the Opportunistic version down by 7.6%.

Among the better performing programs, short-term strategies such as Estlander Presto and Romanesco Persistence stood out. Both programs are still in the red for the year however.

Estlander & Partners Global Markets and Global Markets XL programs, who are down for the year with -5% and -9,6% respectively by their last recorded returns from August 30,  are no longer reporting NAVs.

In a comment to the month´s performance, Lynx writes: ”Several trend reversals caused a negative result for Lynx in October. The commodity sector was the largest negative contribution and losses were primarily attributed to short positions in gold and agriculturals.

In FX markets, the US dollar strengthened against a basket of larger currencies. As a consequence, Lynx suffered losses in the canadian dollar and the euro. Equity markets gained in the second half of the month contributing positively to the overall performance. By the end of the month, the Fed decided to keep rates unchanged, however, the price of bonds fell leading to losses.”

Chart: Nordic CTAs Return October 2015 (Source: HedgeNordic)

eree

Picture: (c) MR.LIGHTMAN1975—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

Formue Highlights Private Credit’s Role in New Economic Era

Nordic wealth manager Formue has long prided itself on delivering institutional-grade investment solutions to high-net-worth individuals. As global economic conditions shift, Formue sees an important role...

Chelonia Select Builds on Solid 2024

Stock-picking hedge fund Chelonia Select is off to a strong start in 2025 with an 8.3 percent gain through the end of May, building...

CABA Capital Expands the Flex Series

Danish fixed-income boutique CABA Capital has launched the third vintage of its leveraged, closed-end fixed income strategy: CABA Flex3. The fund aims to deliver...

Aegon AM Launches Capital Call Finance Fund

Aegon Asset Management has launched the Aegon Capital Call Finance Fund, providing institutional investors with access to the capital call finance market – a...

Evli’s Co-Investment Strategy: Opening the Door to Direct Private Equity Deals

Co-investing alongside private equity funds has become increasingly important for institutional investors seeking greater control, reduced fees, and selective deal exposure. Once reserved for...

From Loans to Layers: Navigating the CLO Capital Stack

Collateralized Loan Obligations (CLOs) play an important role in credit markets by bridging the capital needs of corporate borrowers with the return objectives of...

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.