- Advertisement -

Related

Nordic hedge funds negative in June, CTAs continued to weigh

- Advertisement -

Stockholm (HedgeNordic) – Nordic hedge funds, as expressed by the Nordic Hedge Index NHX, lost an estimated 0.5% in June (90% reported), bringing the year-to-date performance to 1.5%.

The month showed mixed performance across sub-strategies with CTAs again underperforming posting a loss of 3.1% (-5.9% YTD) while fixed income strategies continued to shine gaining an addtional 0.6% and thereby enhancing its position as the best performing strategy on the year (+5.3%). Among the other strategy groups, equity and fund of funds lost 0.3% and 0.6% respectively while multi-strategy funds were more or less flat.

Among individual winners, the healthcare-focused long/short equity fund from Rhenman and Partners, Rhenman Healthcare Equity L/S, bounced back from the losses experienced in May and added 9.8% on the month. Max Mitteregger´s Gladiator fund continued to shine as the manager added 3.6% marking the eighth consecutive month of gains. The fund is up 12% on the year, adding to a 14.5% gain in 2016.

The month´s losing funds were entirely dominated by the CTA category with industry giant Lynx posting one of its worst month since inception (-6.9%). Estlander Alpha Trend II (-6.9%) and the RPM Evolving CTA Fund (-6.7%) were other notable losers during the month.

The full monthly report can be accessed below:

 

Picture (c): wongwean-shutterstock.com

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

Maybe CTA Alpha is Simpler Than You Think: Evidence from the ETF Space

By Andrew Beer, Co-Founder of DBi: Managers of CTA hedge funds and mutual funds often argue that complexity leads to higher alpha generation. After all, why...

Lynx Marches Through March Mayhem

March was defined by a sharp escalation in geopolitical tensions, particularly involving the U.S., Israel, and Iran, creating a highly challenging environment for most investment...

Mixed March for Managed Futures

A sharp escalation in geopolitical tensions set the tone for March, as the US and Israel’s attacks on Iran triggered significant cross-asset volatility. In...

Stop Making Room for Managed Futures

By Corey Hoffstein, Co-Founder, CEO and CIO at Newfound Research: The case for managed futures as a portfolio diversifier is well established. During the...

Othania Positions Trend-Following at the Core of Multi-Asset Portfolios

Not many investors in the Nordics explicitly allocate to trend-following strategies, yet those who do often regard them as an essential building block in...

Muddling Through the Mess: Managed Futures ETFs

By Alexander Mende and Per Ivarsson at RPM Risk & Portfolio Management: Traditionally, Managed Futures (MF) strategies have been limited to hedge funds known...

Allocator Interviews

In-Depth: Diversification

- Advertisement -

Voices

Request for Proposal

- Advertisement -