- Advertisement -
- Advertisement -

Related

Mixed Bag for Nordic Multi-Strategy Hedge Funds

Latest 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

Fenja Capital Deepens Bench as Analyst Moves to Full-Time Role

After earning his Master’s degree in Economics from Aalborg University, Anders Madsen has transitioned from a part-time role to a full-time analyst position at...

Accendo-Backed SSH Secures Major Investment from Leonardo

While public and policy discussions around defence often focus on conventional weapons, many of today’s most active and frequent battles are unfolding in cyberspace....

Swedbank Robur Strengthens Private Equity Team

Swedbank Robur has appointed Lorenzo Gregory Sormani as co-portfolio manager of its private equity fund, Swedbank Robur Alternative Equity I, joining Senior Portfolio Manager...

Beyond Renewables: Coeli Fund Taps Into the Broader Electrification Race

Earlier this year, portfolio managers Vidar Kalvoy and Joel Etzler renamed their fund from Coeli Renewable Opportunities to Coeli Energy Opportunities – a move...

Three Danish Hedge Funds Recognized by the Hedge Fund Journal

Three Danish hedge funds have been recognized at the 2025 Hedge Fund Journal CTA and Discretionary Trader Awards. Two funds managed by Danske Bank...

Private Equity in Transition: Challenges and Opportunities

Private equity has matured into a mainstream – if not cornerstone – allocation for institutional investors. Following years of record fundraising and valuation expansion,...

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.