- Advertisement -
- Advertisement -

Related

Mixed bag for Coeli’s hedge funds in March

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – Swedish asset manager Coeli showed mixed results for its hedge fund offering in March as its newly launched quant fund Prognosis Machines  managed by Alex Gioulekas (pictured) took a big hit while the market neutral Norrsken fund added to recent gains. Coeli´s multi-strategy fund, investing both into underlying Coeli hedge funds as well as in external hedge funds, was down 1.3 percent.

The Coeli Prognosis Machines, which uses quant models and artificial intelligence aiming to benefit from shifts in market sentiment, found itself on the wrong side of the pick-up in risk appetite during the month and was down 6.7%. While the commentary for the month is yet to be published, the manager in last month´s investment letter stated that the program held short exposure to energies while being long the dollar, both trades likely working to the disadvantage of the program in March.

Coeli Norrsken, an event driven market neutral fund, continued its recent positive momentum and gained 2.19% to bring year to date numbers to 3.59%. Norrsken has had a couple of years of sideways development following a strong year in 2013 when the fund returned close to 15%.

The Coeli Multi-Strategy fund was down 1.3% on the month likely suffering from its holdings in Prognosis Machines and the external quant manager IPM who also gave back part of its year-to-date gains in March. Coeli Multi-Strategy remains in positive territory for the year, (+0.6%) following positive numbers in January and February.

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

European Alternative Investments Conference 2025

More than 200 practitioners, academics and thought leaders met in Copenhagen for the second European Alternative Investments Conference, hosted by Finansforeningen, CFA Society Denmark...

Playing ‘Moneyball’ for Investors

Having managed the opportunistic hedge fund Pensum Global Opportunities under the Pensum Asset Management umbrella since 2022, Sector co-founder Peter Andersland has now established...

One Big Winner Lifts Accendo Into the Top Ten

When your portfolio holds six names, one big winner can move the needle in a major way. For Accendo Capital, September proved just that....

Slim Nordic Line-Up at HFM Awards

With Intelligence has revealed the shortlist for the HFM European Performance Awards 2025, featuring an unusually small number of Nordic hedge funds among this...

Record Gold, Rising Momentum

The NHX CTA Index gained in September 2025, supported by a broad-based trend environment. Most of the profits came from precious metals, as gold...

From Rocky Starts to Solid Returns and Milestones

Lynx Asset Management, best known for its flagship trend-following program Lynx, has in recent years expanded its product offering with the launch of Lynx...

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.