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Nordic hedge funds in positive territory in November

Latest Report

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) – Nordic hedge funds, as expressed by the Nordic Hedge Index NHX, gained an estimated 0.17% in November, bringing year-to-date performance to +2.34%.

In terms of strategy attribution, gains were made in Equity hedge strategies, Fixed Income and CTAs, whereas Fund of Funds and Multi-Strategy posted losses.

For the year, Fixed Income strategies outpace other strategy groups by a wide margin with net gains of 7.32% followed by Equity and Multi-Strategy gaining 2.75% and 1.64% respectively. The only strategy group posting losses for the year is Fund of Funds showing a negative 1.62% return.

Among individual managers, Rhenman Healthcare Equity L/S had a strong month with net gains of 8.47% for its euro share class, the fund is however still down 12,74% for the full year. Other top performers included Estlander and Partners Alpha Trend II (+8.12%), Pandium Global (+7.39%) and Sector Zen (+6.98%).

Among the month´s losers, IPM gave back part of this year´s gains with IPM Macro and IPM Currency posting losses of 7.1% and 5.24% respectively. Nordea Alpha 15, one of the strongest performers among Nordic hedge funds for the year, also suffered a sharp give back sending the fund down 6.72% for the month.

The full report can be accessed below:

Picture (c): wongwean – shutterstock.com

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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

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