- Advertisement -
- Advertisement -

Related

Nordic hedge funds gain in August, CTAs continue rebound

Industry Report

- 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

Rising Adoption of Quantitative Investment Strategies Among Nordic Investors

From a high-level perspective, there is a clear trend of increasing adoption of quantitative investment strategies (QIS) among Nordic institutional investors, either through the...

EU Plans Stress Test for Hedge Funds and Non-Bank Firms

European regulators are planning a stress test to identify vulnerabilities beyond the traditional banking sector, focusing on less regulated entities such as hedge funds,...

ALCUR Fonder Continues Hiring Spree

Following two earlier additions this year, ALCUR Fonder continues to expand its portfolio management team at a notable pace. The Stockholm-based hedge fund boutique...

Nordic Private Markets Modernize with Data-Centric Trade Lifecycle Automation

By Anders Stengaard Jensen at Indus Valley Partner: In recent years, asset managers in Nordic countries have accelerated efforts to modernize trade operations, particularly...

Norwegian Hedge Fund Industry Sees Major Boost with New Launch

The Swedish and Danish hedge fund industries remain closely matched in size, with Denmark recently edging ahead of Sweden. While still less than half...

Atlant Funds Hold Up in May Despite Mistimed Market Call

Macroeconomic and market forecasts are notoriously difficult, even for experienced hedge fund managers. What matters more than being right, however, is ensuring that incorrect...

Allocator Interviews

In-Depth: High Yield

Voices

Request for Proposal

- Advertisement -
HedgeNordic
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.