- Advertisement -
- Advertisement -

Related

Skandia Global Hedge shuts down

Latest Report

- Advertisement -

Skandia Fonder shuts down the Skandia Global Hedge product and transfer investors to the Skandia SMART Försiktig fund according to a press release.

Skandia Global Hedge is a multi-strategy fund using a combination of different investment strategies, all of which are independent of each other. These strategies are combined in the fund in order to allocate the fund’s total risk in an optimal manner. Skandia Global Hedge does not have any specific allocation requirements with regard to asset class or geographical area. The management of the fund is based on market neutrality i.e. the purpose is to generate a return on investments independent of movements in the respective financial markets.

In a comment to the decision, the fund management company says that the reason for closing the fund is that it has not lived up to performance expectations, the general interest for the fund has also been weak, the press release states.

The transfer to Skandia SMART Försiktig will take place on December 29, 2015. Up until that date, units in Skandia Global Hedge can be traded free of charge. The management fee in Skandia Global Hedge will be set to zero as of December 1, 2015.

Skandia Global Hedge is down 3.6% year-to-date  as of October which should be compared to the NHX Composite index that is up 3.3%. For the last three years, the fund has had a negative return of 1.4%. The sharpe ratio since inception is 0.3.

After Lancelot Global Select which reported last NAV in September, this is the second Swedish fund of hedge funds to shut down in 2015.

Picture: (c) nito—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

Mapping the Finnish Hedge Fund Landscape

Beyond operating as a media platform, HedgeNordic maintains an extensive database of Nordic hedge funds and related data. Although the data is not without...

Quirky Questions for Serge Houles (Tidan Capital)

Not every conversation in the hedge fund world needs to revolve around alpha, Sharpe ratios, or fund flows. In the ongoing Quirky Questions series,...

Quirky Questions for Mette Østerbye Vejen (Caba Capital)

Not every conversation in the hedge fund world needs to revolve around alpha, Sharpe ratios, or fund flows. In the ongoing Quirky Questions series,...

Solid First-Half Finish for Nordic Hedge Funds

Nordic hedge funds wrapped up the first half of the year on a solid note, delivering an average gain of 1.4 percent in June....

Brevan Howard Winds Down Volatility Fund Managed by Ville Helske

Brevan Howard Asset Management is winding down a volatility-focused hedge fund run by high-profile Finnish portfolio manager Ville Helske. Helske, formerly Head of Allocation...

Ymer to Launch Fourth CLO Fund with Proven Strategy and Structure

Building on the track record of three previous credit funds, Swedish alternative credit specialist Ymer SC AB is preparing to roll out its fourth...

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.