- 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

Simplicity Completes Norron Deal

Three months after announcing the deal, Swedish asset manager Simplicity has completed its acquisition of Norron’s fund management business, taking over the management of...

Rethinking the 60/40 Portfolio

The 60/40 portfolio remains one of investing’s most recognizable conventions, even where few institutional portfolios literally consist of 60 percent equities and 40 percent...

Diversification That Comes From Somewhere Else

Insurance-linked investments offer something increasingly difficult to find in institutional portfolios: return drivers that are fundamentally different from those behind equities and bonds. At...

Reinforce, Don’t Replace: Carrying the 60/40 Through the Fragile Decade

By Steven Braun at Newfound Research and Return Stacked® Portfolio Solutions: Despite its ambiguous origins, the 60/40 remains the default portfolio for investors approaching...

Varma: Practical Considerations for Embracing a Total Portfolio View

Finland’s Varma is one of several large Nordic asset owners that has been moving towards a more holistic view of the portfolio – some...

Thinking Outside the 60/40 Box: How Active and Dynamic Commodities Can Complement Bonds

Bonds helped investors to diversify equity between about 2000 and 2021, which more than covers the entire career of many allocators. Since 2022 bonds...

Allocator Interviews

- Advertisement -

Voices

Request for Proposal

- Advertisement -