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%).
The full report can be accessed below.
Picture (C): MR.LIGHTMAN1975 – shutterstock.com