- Advertisement -

Related

Nordic hedge funds gain in August, CTAs continue rebound

- Advertisement -

Stockholm (HedgeNordic) – Nordic hedge funds, as expressed by the Nordic Hedge Index NHX, gained an estimated 0.17% in August (83% reported), bringing the year-to-date performance to 1.68%.

The month showed overall solid performance numbers, with CTAs continuing its rebound from July to finish August 0.98% higher. The strategy was the best performer on the month but is still lagging other strategies year-to-date (-2.68%). Fixed income strategies remained positive with a progress of 0.33% on the month, adding to its position as the best performing strategy on the year (+6.06%). Elsewhere, multi-strategy and fund of funds were slightly up with gains of 0.05% and 0.10% respectively. Equity strategies ended the month marginally lower to finish August down 0.1%.

Among individual winners, the Finnish activist hedge fund Accendo Capital rebounded strongly from losses seen in July with net gains of 8.9% (+19.15% YTD). Another strong rebounder was systematic trend follower Lynx with gains of 5.1% (-6.63% YTD), Lynx has been struggling in the first half of 2017 but in August, reemerging trends in bonds (lower interest rates), commodities (higher gold, aluminum and copper prices) and currencies (weaker dollar) supported a significant bounce-back. The short-term CTA program from Estlander & Partners, Presto, continued its recent run gaining 5.15% in August. Among sector specialists, Shepherd Power Series, added 6,13%. The fund focuses on the Nordic power market using a trend following strategy.

Among losing funds, Norron Select (-3.86%), Taiga (-2.65%) and the AAM Absolute Return Fund (-2.54%) all struggled during the month. In the case of AAM, the fund is now among the biggest losers for the year with a net loss of 11.95%, which means the Oslo-based asset manager has given back the gains made in 2016.

Full monthly report to be accessed below:

Picture (c): kentoh-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

Atlas Global Macro Builds on Comeback with New Danish Feeder

Atlas Global Macro, last year’s top-performing Nordic hedge fund, is becoming more accessible to Danish investors through a newly launched feeder fund on the...

Svelland Appoints Head of Quant Research from Shell

Commodities-focused asset manager Svelland Capital has strengthened its research team with the appointment of Laurent Hoffmann as Head of Quantitative Research. Hoffmann brings a...

Back at Öhman: Full Circle for Atlant PM

Carl Johan Lagercrantz, a fixed-income portfolio manager at alternative fund boutique Atlant Fonder, has joined Lannebo Fonder as a high-yield portfolio manager. The firm...

Danske Pauses Tactical Risk-Taking as All Eyes Turn to Oil and War

Amid escalating tensions in the Middle East, Bo Bejstrup Christensen and his team at Danske Bank Asset Management have put their tactical asset allocation...

Former Pareto Trader Launches Hedge Fund From Trondheim

After eight years on the brokerage and trading desk at Pareto Securities, Jonas Kvalheim Klock has decided to move back to his hometown, Trondheim...

High Yield’s Allocation Dilemma in a Tight Spread Market

High-yield bonds have long functioned as a carry-driven return engine in institutional portfolios, offering enhanced income and access to the corporate credit risk premium....

Allocator Interviews

In-Depth: Diversification

- Advertisement -

Voices

Request for Proposal

- Advertisement -