- 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

Nordic Hedge Funds End Summer on a Strong Note

After a brief dip in July, Nordic hedge funds ended the summer on a strong note, gaining an average of 1.5 percent in August....

Colosseum Turns Corner as Douglas Swedberg Joins as Portfolio Manager

After two difficult months in April and May, hedge fund Colosseum Global Alpha has regained momentum over the summer, posting three consecutive positive months....

BMS Adds New Teams and Continues Development of Two Centre Books

Brummer Multi-Strategy (BMS) continued to evolve its portfolio during the first half of the year, adding three specialist teams, parting ways with a U.S.-focused...

Nordic CTAs Bounce Back as Trends Strengthen

The NHX CTA Index rebounded strongly in August, supported primarily by gains in currencies and equity markets. Most managers and sub-strategy groups finished the...

AI Isn’t the Transformation. Your Hedge Fund Operating Model Is.

By Ashish Shrestha, Senior Solutions Consultant at MAIA Technology: Artificial intelligence is moving quickly from experimentation towards implementation across the hedge fund industry. For...

Volt Diversified Alpha Posts Second-Best Month

Volt Diversified Alpha Fund delivered an estimated 5.8 percent gain in August, its second-best monthly performance since launching in early 2017, as its systematic...

Allocator Interviews

In-Depth: Diversification

- Advertisement -

Voices

Request for Proposal

- Advertisement -