- Advertisement -
- Advertisement -

IPM gains in April

- Advertisement -

Stockholm (HedgeNordic) – Sweden’s Informed Portfolio Management (IPM)’s Systematic Macro Fund was up 4.0% for April 2016, reporting gains across virtually all five of its portfolios. Year-to-date the fund has gained 14.6%, IPM´s monthly report states.

The market environment in April suited the strategy well. IPM reported that most of the month’s performance could be attributed to its relative bond portfolio. Between questions about the timing of the FED’s next rate hike, the possibility of FED Fund Futures being mispriced and a disappointing April U.S. GDP report, bonds fell by an estimated 0.2%, while equities gained 1.6%.

The strategy therefore saw profits stemming from all four of its larger positions (long U.S. & Japan, short UK & Canada). In addition, the initial downturn in equities at the beginning of the month benefited its developed currency portfolio with its bearish positioning. The BoJ’s lack of action, which continued to fuel a significant JPY rally, also contributed to these gains thanks to the fund’s long JPY position. Its short position in AUD also contributed.

The strategy also benefitted from its long equity position in the asset class portfolio. Most positions in the EM currency portfolio also added to the positive performance, primarily its long positions in BRL and ZAR.

IPM’s Systematic Macro Fund was the winner last month of the Nordic Hedge Awards Best Nordic CTA for 2015.

Picture (c): isak55 – shutterstock.com


Subscribe to HedgeBrev, HedgeNordic’s weekly newsletter, and never miss the latest news!

Our newsletter is sent once a week, every Friday.

Glenn Leaper, PhD
Glenn Leaper, PhD
Glenn W. Leaper, Associate Editor and Political Risk Analyst with Nordic Business Media AB, completed his Ph.D. in Politics and Critical Theory from Royal Holloway, University of London in 2015. He is involved with a number of initiatives, including political research, communications consulting (speechwriting), journalism and writing his post-doctoral book. Glenn has an international background spanning the UK, France, Austria, Spain, Belgium and his native Denmark. He holds an MA in English and a BA in International Relations.

Latest Articles

Rhenman Embracing Change Amid an Ever-Changing Healthcare Sector

Stockholm (HedgeNordic) – The largest equity hedge fund in the Nordics with assets under management just shy of $1 billion, the Rhenman healthcare fund,...

Inside Ilmarinen’s Approach to Hedge Fund Allocation

Stockholm (HedgeNordic) – Ilmarinen, in a tight race with Varma as Finland’s largest earnings-related pension insurance company, has emerged as a noteworthy investor in...

Nordic Hedge Fund Industry Report 2024

Stockholm (HedgeNordic) – HedgeNordic’s Nordic Hedge Fund Industry Report kicks off with an analysis of the industry’s performance across different asset size ranges. This...

BlueOrchard’s Climate Insurance PE Fund Edges Toward $100M

Stockholm (HedgeNordic) – BlueOrchard’s private equity fund dedicated to climate insurance has secured commitments of close to $30 million from two new investors, British...

Smooth Sailing in Rough Seas

Stockholm (HedgeNordic) – Gersemi Shipping Fund has emerged as a notable recent addition to the Nordic hedge fund industry. However, the founder and manager...

Absolute Returns in Impact-Screened High-Yield Market

Stockholm (HedgeNordic) – While many high-yield bond investors prioritize avoiding defaults, there is one team in the Nordics that does not shy away from...

Allocator Interviews

Latest Articles

In-Depth: Emerging Markets


Request for Proposal

- Advertisement -