- Advertisement -

Related

CTAs Lead the Pack into Positive October Performance

- Advertisement -

Stockholm (HedgeNordic) – Nordic hedge funds, as expressed by the Nordic Hedge Index – NHX, gained an estimated 1.0% in October (85% reported), extending their year-to-date aggregate gains to 3.3%.

All five NHX sub-categories contributed to the positive performance with CTAs leading the pack gaining close to 4 percent on the month. Although still in negative territory for the year, October marked the best CTA-month since the period around the Brexit vote of last year. Multi-Strategy and Fund of Funds gained around 1 percent and 0.7 percent respectively on the month. Equity strategies advanced 0.3 percent while Fixed Income was marginally positive.

On country level, all countries exhibited positive returns on the month with Finland (+1.9%) and Denmark (+1.1%) ahead of Sweden (+0.9%) and Norway (+0.5%).

CTA funds dominated among winning funds with RPM Galaxy (+13.5%), Estlander Alpha Trend II (+9.1%) and RPM Evolving CTA Fund (+6.8%) topping the charts.

Among losing funds were DNB ECO Aboslute Return (-4.6%), HCP Black Fund (-3.2%) and Nordea 1 Stable Equity Long/Short Fund (-2.3%).

On the year, Rhenman Healthcare Equity L/S, Accendo and HCP Focus Fund have gained the most.

The full report can be accessed below.

Picture (C): MR.LIGHTMAN1975 – 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

Operational Challenges in Asset Management: Insights From Roundtable Discussion

Running a hedge fund has never been just about managing investments. For emerging and established managers alike, building an efficient, resilient and scalable operating...

Nordic CTAs Give Back Gains After Strong Late-Summer Run

After two particularly strong months in August and September, the NHX CTA Index took a breather in October, posting a loss as setbacks in...

Fenja Capital Hires Investment Manager to Pursue European Opportunities

Danish boutique Fenja Capital, which specializes in providing tailored financing solutions to listed micro-, small- and mid-cap companies in a market-neutral setting, has strengthened...

Private Companies Outlook: Growth Beyond Buyout and Venture

By Brian Kelly at Baillie Gifford: Most private equity outlooks focus on expected returns, distributions, continuation funds, private credit and, more recently, the ‘SaaSpocalypse’1....

Gersemi Shipping Rallies on Shift Towards Short-Term Trading

After a challenging first eight months of the year, Joakim Hannisdahl’s shipping-focused long/short equity fund, Gersemi Shipping Fund, has staged a strong recovery since...

Choosing the Deals, Reducing the Fees: Evli’s Approach to Co-Investing

A more challenging private equity fundraising environment is creating opportunities for co-investors, as managers increasingly turn to investors to help finance individual deals. For...

Allocator Interviews

Voices

Request for Proposal

- Advertisement -