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Nordic hedge funds gain in July powered by CTA comeback

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 0.2% in July (88% reported), bringing the year-to-date performance to 1.6%.

The month showed mixed performance across sub-strategies. CTAs was the best performing category recovering from recent losses. However, year-to-date, the strategy is by a wide margin the worst performing one, showing a net loss of 3.6%. Fixed income strategies continued to perform well adding 0.6% to an already impressive 5.8% for the year. Equity strategies (-0.44%), Fund of Funds (-0.11%) and Multi Strategy funds (-0.04%) all showed slight losses for the month.

Among individual winners, the systematic trend following CTA from Alfakraft, Alfa Axiom, added 8,3% on the month. Estlander’s Alpha Trend II programme and SEB Asset Selection Opportunistic were not too far behind with gains of 7.3% and 5.7% respectively.

Among losing funds, two funds from Atlant Fonder, Atlant Edge and Atlant Sharp saw negative returns of 6.2% and 6.0% respectively. The recent strong performer Gladiator also had a weak showing being down 4.4% on the month.

The full monthly review of Nordic hedge funds to be found below:

 

Picture (c): cosma-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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