Facebook Twitter Instagram
    • About
    • Subscribe
    • Contact
    • Report Library
    • Manager Login
    Facebook Twitter LinkedIn RSS
    HedgeNordic
    • Home
    • Allocator Angle
    • Report Library
    • Nordic Hedge Award
      • Nominations 2021 Nordic Hedge Award
      • Rookie of the Year
      • Jury Board
      • Historic Winners
      • Statistics
    • Nordic Hedge Index
    • Webinars & Podcasts
    HedgeNordic

    Minor gains in May for Nektar

    HedgeNordic Editorial TeamBy HedgeNordic Editorial Team20/06/2016No Comments
    Facebook Twitter LinkedIn Email
    Gunnar Wiljander and Mikael Spångberg of Nektar Asset Management with Kamran Ghalitschi of HedgeNordic

    Stockholm (NordicHedge) – May showed a minor gain for Brummer & Partners´ macro fund, Nektar. The fund ended the month up by +0,29%, but is still in negative territory for the full year by -1.24%. The Nordic Hedge Index (NHX) is estimated to advance 0,66% in May to stand at 0.56% year-to-date. Positive contributions for Nektar in May came from fixed income positions, Swedish focused strategies in particular. The positive gains from fixed income was hurt by the negative result from all other asset classes.

    Among currency strategies – currently being the largest risk exposure for the fund – two strategies went in different ways. The fund was hurt when the Swedish Krona went south against the Euro, following weaker than expected macro data. The theme based on shorting weakening Asian export economies, in the wake of soft economic development in China, continued to develop strongly.

    The exposure towards equities continued to be fairly modest. The PMs are still positioned for a weaker market development, the US in particular. Many investors still await the UK referendum on the EU membership, before taking any investments decisions. A negative outcome – being an exit for the UK, the much famed “Brexit” – would not hurt the Nektar portfolio, says Martin Larsén, deputy Head of Portfolio Management, in the monthly comments. It could even play out to be positive, as ab increase in market volatility in general tends to have a positive impact on Nektar.

    Assets under management for the fund has shown a steady growth and amounts to SEK 32,4 bn as of May 31. The AuM has grown more than three times since 2009, when the asset growth really took off.

    At the annual Nordic Hedge Award in April 2016, Nektar was awarded as “Best Nordic Multi Strategy Hedge Fund 2015“. Nektar won the same prize for the 2012 Nordic Hedge Award and was nominated for its 2013 merits.  In 2015 Nektar delivered 6,14% for the full year. The average performance for the fund since inception in 1998 is 10,5% at a volatility of 6,5%.

    Pictured: Gunnar Wiljander and Mikael Spångberg of Nektar Asset Management receiving the trophy as Best Nordic Multi Strategy Hedge Fund 2015 from Kamran Ghalitschi of HedgeNordic. (c) Niklas Akesson

     

     

    Share. Facebook Twitter LinkedIn Email
    Previous ArticleBrummer set to end losing streak in June
    Next Article NHX climbs into positive territory for 2016
    HedgeNordic Editorial Team

    This article was written, or published, by the HedgeNordic editorial team.

    Related Posts

    One Nordic Cross Hedge Fund is Liquidating

    St. Petri Readying Launch of Long-Only Fund

    CTAs Starting Summer on a High Note

    Add A Comment

    Leave A Reply Cancel Reply

    Time limit is exhausted. Please reload CAPTCHA.

    Most read today:
    • One Nordic Cross Hedge Fund is Liquidating
    • Interview: Marcus Wahlberg, Elementa
    • Head of Alts Jumps Ship to Join AP Pension
    • The Birth of Obligo’s Third Infra Fund
    • Janus Henderson Onboards Danske Bank’s EMD Team
    • Nordic Hedge Award – Main
    • In-Depth: Inflation Protection

    Ukraine, Supply-Chain Shortages and Soaring Prices – Accelerators of Sustainable Development

    18/05/2022

    New Theme: Real Income Destruction

    17/05/2022

    Blockification

    16/05/2022

    The Inflation Puzzle

    12/05/2022
    Promotion:
    Video: Manager Interviews
    https://www.youtube.com/watch?v=tni7dQvQrmo

    Subscribe to our newsletter

    HedgeNordic: Your Single Access Point to the Nordic Hedge Fund Industry!

    Check your inbox now to confirm your subscription.

    Most read articles this week:
    • Janus Henderson Onboards Danske Bank’s EMD Team
    • One Nordic Cross Hedge Fund is Liquidating
    • AIFM Group Adds Art to Suite of Offerings
    • St. Petri Readying Launch of Long-Only Fund
    • Head of Alts Jumps Ship to Join AP Pension
    • Procrastinated Risk is Knocking on the Door
    • Recent
    • NHX
    • In Depth

    The Birth of Obligo’s Third Infra Fund

    04/07/2022

    One Nordic Cross Hedge Fund is Liquidating

    30/06/2022

    St. Petri Readying Launch of Long-Only Fund

    29/06/2022

    AIFM Group Adds Art to Suite of Offerings

    29/06/2022

    Month in Review – May 2022

    22/06/2022

    Month in Review – April 2022

    12/05/2022

    Follow Your Favourite Hedge Fund

    11/05/2022

    Month in Review – March 2022

    13/04/2022

    Ukraine, Supply-Chain Shortages and Soaring Prices – Accelerators of Sustainable Development

    18/05/2022

    New Theme: Real Income Destruction

    17/05/2022

    Blockification

    16/05/2022

    The Inflation Puzzle

    12/05/2022
    Newsletter Subscription:
    Most Recent Posts:

    The Birth of Obligo’s Third Infra Fund

    04/07/2022

    One Nordic Cross Hedge Fund is Liquidating

    30/06/2022

    St. Petri Readying Launch of Long-Only Fund

    29/06/2022

    AIFM Group Adds Art to Suite of Offerings

    29/06/2022

    Head of Alts Jumps Ship to Join AP Pension

    28/06/2022
    Publisher

    Nordic Business Media AB
    Corporate No.: 556838-6170
    BOX 7285
    SE-103 89 Stockholm, Sweden

    VAT No.: SE-556838617001
    Tel.:+46 (0) 8 5333 8688
    Mob.: +46 (0) 7 06566688
    Email: info@hedgenordic.com

    STAY INFORMED

    HedgeNordic: Your Single Access Point to the Nordic Hedge Fund Industry!

    Subscribe to our newsletter:

    Check your inbox now to confirm your subscription.

    RSS Hedge Fund Job Digest
    • Assistant Fund Controller or Senior Associate 01/07/2022
    • Fund Accountant 01/07/2022
    • SQL Server DBA/Sybase ASE DBA 01/07/2022
    • Director of Business Development 01/07/2022
    • Principal Technical Architect 01/07/2022
    • Fund Accountant 01/07/2022
    • Associate - Investment and Operations 01/07/2022
    • Middle Office Associate 01/07/2022

    Copyright © 2022 Nordic Business Media AB

    © 2022 Nordic Business Media AB
    • About
    • Cookie Policy
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.

    We are using cookies to give you the best experience on our website.

    HedgeNordic
    Powered by  GDPR Cookie Compliance
    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.

    Strictly Necessary Cookies

    Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

    If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.