- Advertisement -

Related

Mixed Bag for Nordic Multi-Strategy Hedge Funds

- Advertisement -

Stockholm (HedgeNordic) – Nordic multi-strategy hedge funds, as expressed by the NHX Multi-Strategy Index, gained 0.6 percent on average in January (94 percent reported), with the entire group clinching the title of the second best-performing NHX sub-category. Around two-thirds of multi-strategy funds reported positive performance for the month.

Nordic multi-strategy funds underperformed international indices of similar strategies last month, partly reflecting the diverse composition of the NHX sub-category. For instance, the Eurekahedge Multi-Strategy Hedge Fund Index, an equally-weighted index comprising 268 global multi-strategy funds, gained 2.2 percent in January (63 percent reported as of February 22). The Barclay Multi Strategy Index, meanwhile, advanced 1.5 percent last month, based on reported data from 86 funds. Similar to the NHX Multi-Strategy Index, the Barclay Index comprises hedge funds that are not easily assigned to any traditional strategy.

Minastir Currency Fund, a directional hedge fund that takes long and short positions in different currencies, produced the biggest monthly gain since its inception in October 2015. The fund was up 5.4 percent in January, making the fund the best-performing constituent in the multi-strategy group.

Peak Global Macro, which employs a systematic investment strategy to identify and capitalize on short- and medium-term trends across major asset classes, gained 3.3 percent last month. Formuepleje Penta, which has delivered annual returns of more than 10 percent for six consecutive years, also enjoyed a great start to 2018. The fund advanced 2.5 percent in January, after gaining 15.2 percent and 21.0 percent in 2017 and 2016, respectively.

Source: HedgeNordic. 

Real estate-focused investment fund UB Real REIT was the biggest laggard among Nordic multi-strategy funds in January, after having reported a loss of 6.0 percent. Precious metals-focused Pacific Precious and Brummer-backed Carve 2 edged down 1.7 percent and 1.6 percent, correspondingly.

Picture © Sergey Nivens – 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

The Illusion of Longevity: Why Averages Mislead in Hedge Fund Survival

Longevity is not a defining feature of the hedge fund industry. Wide performance dispersion, impatient capital, and a high fixed-cost base create a fragile...

Elo’s Slow-Moving Hedge Fund Portfolio Built Around Access

Soon after Kari Vatanen joined Finnish pension insurer Elo as Head of Asset Allocation and Alternatives, he praised the team behind the firm’s hedge...

The New Coda: From Intuition to a Unified Investment Process

Peter Andersland is best known in the Nordic hedge fund space as the co-founder of Sector Asset Management, where he remains a shareholder. While...

When Diversification Fails: Qblue’s Case for Alternative Risk Premia

The notion that a traditional 60/40 portfolio offers meaningful diversification has long been questioned by practitioners. When implementing the Total Portfolio Approach at Danish...

Tidan NOVA Profiting from Volatility Skew as Market Participants Seek Protection

Tidan Capital’s evolution into a multi-strategy platform reflects a broader effort to deliver complementary sources of alpha, with its NOVA strategy serving as a...

Extracting Alpha from the Factor Zoo Through Systematic Investing

There are multiple ways to approach equity investing and, ultimately, the pursuit of alpha. While many strategies rely on market direction or discretionary stock...

Allocator Interviews

In-Depth: Diversification

- Advertisement -

Voices

Request for Proposal

- Advertisement -