- Advertisement -
- Advertisement -

Related

Mixed Bag for Nordic Multi-Strategy Hedge Funds

Industry Report

- 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

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.