- Advertisement -
- Advertisement -

Related

Final Sprint Saves Nordic FoHF

Industry Report

- Advertisement -

Stockholm (HedgeNordic) – Despite incurring losses in the last two months of 2017, Nordic funds of hedge funds, as measured by the NHX Fund of Funds, ended the year in the black at 0.2% (100% reported). The performance of Nordic FoFs was mixed in 2017, with approximately two-thirds of the NHX sub-index managing to show positive returns for the year. The NHX Fund of Funds was down 0.5% in December.

Nordic FoFs trailed their international counterparts by a significant margin last year, likely due to the relative underperformance of Nordic single-manager hedge funds. The Eurekahedge Fund of Funds Index, an equally-weighted index tracking 476 investment managers who exclusively invest in single-manager hedge funds, was up 6.8% last year. Our data shows that the trailing 12-month correlation between the NHX Composite and the NHX Fund of Funds has typically been above 0.8, serving as evidence that their Nordic focus can distinguish most Nordic FoFs.

Three funds of funds under the umbrella of Coelli Asset Management AB conquered the list of the best-performing FoFs in December. Coeli Multistrategi, a fund that invests in both in-house Coeli funds and other well-established Nordic hedge funds, gained 1.1% in December, pushing the performance into positive territory for the year (1.0% for 2017). Capital Preservation Strategy and Capital Growth Strategy, two funds operating under the umbrella of Coeli since October 2017, returned 0.8% and 0.7%, respectively (1.6% and 4.4% for 2017).

Alfa Quant Fund, a multi-strategy fund that invests in Alfakraft Fonder’s single-strategy funds, recorded a loss of 4.8% in the last month of 2017, ending the year as the second-worst performing FoFs in the Nordics (-11.6% for 2017). Aktie-Ansvar Multistrategi 2xL, the double-leverage version of Aktie-Ansvar Multistrategi – a fund that invests in several leading hedge fund managers in the Nordics -, was down 1.8% in December, trimming the full-year gain to 4.0%.

 

Picture © Sportpoint – Shutterstock

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

Formue Highlights Private Credit’s Role in New Economic Era

Nordic wealth manager Formue has long prided itself on delivering institutional-grade investment solutions to high-net-worth individuals. As global economic conditions shift, Formue sees an important role...

Chelonia Select Builds on Solid 2024

Stock-picking hedge fund Chelonia Select is off to a strong start in 2025 with an 8.3 percent gain through the end of May, building...

CABA Capital Expands the Flex Series

Danish fixed-income boutique CABA Capital has launched the third vintage of its leveraged, closed-end fixed income strategy: CABA Flex3. The fund aims to deliver...

Aegon AM Launches Capital Call Finance Fund

Aegon Asset Management has launched the Aegon Capital Call Finance Fund, providing institutional investors with access to the capital call finance market – a...

Evli’s Co-Investment Strategy: Opening the Door to Direct Private Equity Deals

Co-investing alongside private equity funds has become increasingly important for institutional investors seeking greater control, reduced fees, and selective deal exposure. Once reserved for...

From Loans to Layers: Navigating the CLO Capital Stack

Collateralized Loan Obligations (CLOs) play an important role in credit markets by bridging the capital needs of corporate borrowers with the return objectives of...

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.