- Advertisement -

Related

Nordic CTA´s wrong-footed in October

- 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

Anna Svahn on Risk, Adaptability, and the Art of Portfolio Management

Anna Svahn took an unconventional route into portfolio management, building her investment experience through personal trading, writing, and entrepreneurship rather than investment banking or...

Sebastian Hallenius to Lead IKC Capital’s Next Phase

Sebastian Hallenius has joined IKC Capital as Chief Investment Officer and incoming CEO after nine years at Länsförsäkringar Fonder, where he helped bring externally...

SEB Asset Selection Marks 20 Years of Trend-Following Evolution

Twenty years is a long time in the hedge fund industry, where strategies evolve, market environments change, and investment teams come and go. Once...

Atlant Fonder Eyes €1 Billion as Fund Distribution Landscape Shifts

In the Nordic hedge fund industry, funds managing more than €1 billion have typically built their scale with strong institutional backing. Atlant Fonder’s flagship...

Cyber Risk Tops Asset Managers’ Concerns as Investment Risks Rise

Technology and cybersecurity have emerged as the leading concerns for asset managers over the coming year, even as firms report rising exposure to market,...

Fearnley Appoints Two Portfolio Managers to Credit Fund

Fearnley Asset Management has appointed Maria Granlund and Scott Aspestrand Stousland as portfolio managers for its high-yield-focused Fearnley Credit Fund. Granlund joins as Head...

Allocator Interviews

Voices

Request for Proposal

- Advertisement -