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NHX unimpressed

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This year’s Alternative Fixed Income report from HedgeNordic explores how institutional investors and asset managers are navigating this new reality, balancing yield and resilience amid shifting credit cycles, structural change, and evolving sources of return.

Stockholm (HedgeNordic) – What promised to be a hectic period of violent swings and turbulences post Brexit, at least for the Nordic Hedge Index (NHX) appears to have been a non event. The NHX Composite with 76% of all NAVs reported, lies dead in the water for June, unchanged to end of May numbers at an index level of 175.47. This would be the first time since the index has been calculated starting in January 2005, we report a net change of 0.00%.

The swings of course become more evident breaking down to the subindices, where CTAs gained most indicating NHX-CTA up by 3.8% in June (93% conviction) and Fixed Income Strategies gained by 0.3% (71% conviction). NHX-Equities in June was down by 0.8%, Fund of Hedge Funds gave up 0.1% und multi strategy approaches lost 0.8%.

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Out of the reported, Lynx, appreciating by over 10% on the month was the strongest fund while VISIO Allocator, down by 5.1% lost out the most.

Year to date, IPM Systematic Currency Fund (+16.4%), Gramont Equity Opportunities (+11.9%), and Accendo (+11.3%) are the strongest movers to the up-side.

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Kamran Ghalitschi
Kamran Ghalitschi
Kamran has been working in the financial industry since 1994 and has specialized on client relations and marketing. Having worked with retail clients in asset management and brokerage the first ten years of his career for major European banks, he joined a CTA / Managed Futures fund with 1,5 Billion USD under management where he was responsible for sales, client relations and operations in the BeNeLux and Nordic countries. Kamran joined a multi-family office managing their own fund of hedgefunds with 400 million USD AuM in 2009. Kamran has worked and lived in Vienna, Frankfurt, Amsterdam and Stockholm. Born in 1974, Kamran today again lives in Vienna, Austria.

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