- Advertisement -

Related

Month in Review: NHX February 2018

- Advertisement -

Stockholm (HedgeNordic) – February turned out to be one of the worst months in terms of average returns for Nordic hedge funds, as trend-following CTAs experienced their worst monthly performance on record. Nordic hedge funds, as expressed by the Nordic Hedge Index (NHX), were down 1.5 percent in February (91 percent reported), with all five NHX sub-categories posting losses for the month.

Nordic CTAs as a group fell by 4.9 percent February, erasing the solid gains posted in the first month of the year (down 1.8 percent YTD). Fixed-income strategies declined 0.5 percent last month, ending a 23-month streak of positive performance. Equity and multi-strategy funds retreated 0.9 percent and 1.0 percent, respectively (down 0.7 percent and 0.4 percent YTD). Fund of hedge funds did not manage to avoid losses either, falling 0.8 percent (down 0.4 percent YTD).

Surprisingly, CTAs led February’s lists of both best- and worst-performing Nordic hedge funds. Informed Portfolio Management AB’s systematic vehicles, IPM Systematic Currency Fund and IPM Systematic Macro Fund, gained 7.3 percent and 5.0 percent, correspondingly. Helsinki-based commodity fund MG Commodity advanced 6.2 percent, while multi-strategy fund Aktie-Ansvar Kvanthedge was up 5.5 percent.

The list of NHX members hit the most by February’s volatile market conditions is almost entirely comprised of CTAs. Ten of the 11 worst performers are members of the NHX CTA Index. RPM Galaxy, Lynx (Sweden), Estlander & Partners Alpha Trend II – Class P, SEB Asset Selection Opportunistic, and Alfa Sigma Opportunities recorded losses of more than 10 percent in February.

View the full report here:

 

Picture © Solarseven – 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 Investment Case for European Infrastructure Debt

Europe’s infrastructure needs are expanding as governments and businesses seek greater energy security, lower emissions and more resilient digital and electricity networks. For debt...

Bliwa Balances Fixed Income Stability with Selective Risk-Taking

For insurers, fixed income must do more than generate returns. It needs to provide stability, preserve liquidity, and help match investments to liabilities. At...

Beyond the Yield Premium: Finding Value in Nordic High Yield

The Nordic high-yield market combines shorter maturities, a high share of floating-rate bonds, stronger creditor protections in many transactions and a persistent yield premium...

An Invitation-Only Market: Evli’s Approach to Nordic Mid-Market Loans

The Nordic credit markets offer investors a distinctive combination of attractive yields, floating-rate instruments and access to high-quality mid-market companies. The region’s established private...

P+ Looks Beyond Direct Lending to NAV and GP Financing

Private credit has expanded well beyond traditional direct lending, with institutional investors increasingly exploring specialized financing strategies for diversification and additional sources of return....

Securitized Credit, CLOs and Capital Call Financing Offer New Routes to Fixed Income Diversification

Institutional investors seeking to diversify their fixed income portfolios beyond government bonds and investment-grade credit may find opportunities in securitized credit and capital call...

Allocator Interviews

Voices

Request for Proposal

- Advertisement -