- Advertisement -
- Advertisement -

Related

Runestone Capital Fund Enters NHX

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – Runestone Capital Fund, an absolute return fund started by two Nordic-born managers, was added to the Nordic Hedge Index (NHX). The fund, managed out of London, was launched in May 2015 and trades VIX-related volatility instruments such as VIX futures, exchange-traded notes, and options.

The fund falls under the umbrella of Runestone Capital, co-founded by Norwegian national Rune Madsen and Danish national Rasmus Andersen. Madsen, who has extensive experience in the financial world after working at several major investment banks, is the lead Portfolio Manager of Runestone Capital Fund. The fund is long and short U.S. equity index volatility based on proprietary models, developed around the portfolio managers’ trading experience.

While Runestone Capital Fund suffered a loss of 8.9% in its rookie year, the fund’s investors enjoyed an outstanding return of 30.4% in the following year. The fund aims to generate net-of-fees annualized returns in excess of 20% over a cycle, regardless of market conditions. More interestingly, not only has Runestone Capital Fund been able to deliver positive results in equity markets that traded up or down, but the fund has also performed well in erratic markets without any clear direction.

It is no news that trend-chasing quant funds have been hit by choppy trends in 2017, with global CTAs, as measured by the Eurekahedge CTA/Managed Futures Hedge Index, returning a negative 0.8% year-to-date. The average Nordic CTA recorded an even wider loss this year, with the NHX CTA index falling 4.2% year-to-date. Meanwhile, Runestone Capital Fund’s B share class gained 3.4% this year through the end of September. Runestone Capital Fund charges a management fee of 1% and a performance fee of 20% on its B share class.

Subscribe to HedgeBrev, HedgeNordic’s weekly newsletter, and never miss the latest news!

Our newsletter is sent once a week, every Friday.

Eugeniu Guzun
Eugeniu Guzun
Eugeniu Guzun serves as a data analyst responsible for maintaining and gatekeeping the Nordic Hedge Index, and as a journalist covering the Nordic hedge fund industry for HedgeNordic. Eugeniu completed his Master’s degree at the Stockholm School of Economics in 2018. Write to Eugeniu Guzun at eugene@hedgenordic.com

Latest Articles

Statistical Outlier Year for HCP Black

When HedgeNordic spoke with Tommi Kemppainen in early 2019, the CEO of Helsinki Capital Partners outlined a defensive positioning for the multi-strategy fund HCP...

Nordea Adds Systematic Fixed Income Expertise

Nordea Asset Management (NAM) has strengthened its data-driven investment capabilities with the addition of two London-based professionals, Lucette Yvernault and Marton Huebler, marking the...

From Short-Term Opportunity to Long-Term Outperformance

Borea Utbytte, a banking sector-focused equity fund under Norwegian boutique Borea Asset Management, celebrated its five-year anniversary at the turn of September to October....

Record Month for Tidan in Priced-to-Perfection Credit Market

Tidan Fund, a Stockholm-based hedge fund specialising in opportunities across corporate capital structures, marked its four-year anniversary in September with its strongest month on...

Zetterquist Leads Antiloop’s Reset as Cygnus and Atlas Gain Momentum

After helping build and later steer the operations of fund boutique Norron, first as COO and then as CEO, Alexander Zetterquist is embarking on...

From Running Laps to Running Capital: Ex-Taiga Analyst at DNB

After nine years as an analyst at equity long/short hedge fund Taiga Fund, Øystein Kvaerner has joined DNB Asset Management to launch a new...

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.