- Advertisement -

Related

CTAs march on in February

- Advertisement -

Stockholm (HedgeNordic) – CTAs had another good run in February as continued worries for the health of the global economy translated into profitable positions in fixed income. In the energy sector, the price of natural gas fell sharply also benefiting momentum-based strategies in particular.

Among CTA benchmarks, the Barclay CTA Index climbed 1.6% (+2.8% YTD) while the SG CTA Index added 3.0% (+7.3% YTD). The HedgeNordic CTA Index (NHX) gained 4.3% (9.6% YTD).

Nordic CTAs overall posted solid returns for the month with only one manager (MG Commodity) showing negative numbers. Top performers included funds from Swedish CTA specialist RPM and Swedish quant macro shop IPM.

In the case of RPM, the GALAXY fund which includes both trend following and short-term CTAs added 6.2% on the month (10.6% YTD) while the RPM Evolving Fund, investing into early stage CTAs carrying smaller AuM gained 4.8% (12.6% YTD). IPM recorded continued gains for both its Macro (+5.3%) and Currency (+4.9%) programs, these are now up 12% and 8.5% respectively for the full year.

Among the large names, Lynx gained 3.5% while SEB Asset Selection added 1.8% on the month.

Nordic CTA-rank, February 2015

ctta
Nordic CTAs ranked by February performance

Picture: (C) ramcreations – 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

Simplicity Completes Norron Deal

Three months after announcing the deal, Swedish asset manager Simplicity has completed its acquisition of Norron’s fund management business, taking over the management of...

Rethinking the 60/40 Portfolio

The 60/40 portfolio remains one of investing’s most recognizable conventions, even where few institutional portfolios literally consist of 60 percent equities and 40 percent...

Diversification That Comes From Somewhere Else

Insurance-linked investments offer something increasingly difficult to find in institutional portfolios: return drivers that are fundamentally different from those behind equities and bonds. At...

Reinforce, Don’t Replace: Carrying the 60/40 Through the Fragile Decade

By Steven Braun at Newfound Research and Return Stacked® Portfolio Solutions: Despite its ambiguous origins, the 60/40 remains the default portfolio for investors approaching...

Varma: Practical Considerations for Embracing a Total Portfolio View

Finland’s Varma is one of several large Nordic asset owners that has been moving towards a more holistic view of the portfolio – some...

Thinking Outside the 60/40 Box: How Active and Dynamic Commodities Can Complement Bonds

Bonds helped investors to diversify equity between about 2000 and 2021, which more than covers the entire career of many allocators. Since 2022 bonds...

Allocator Interviews

- Advertisement -

Voices

Request for Proposal

- Advertisement -