- Advertisement -
- Advertisement -

Related

Month in Review: NHX February 2018

Report: Alternative Fixed Income

- 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

Nordic Fund Boutiques Building Strength Through Consolidation

The Nordic asset management industry is experiencing an accelerating wave of consolidation, particularly among boutique firms, including those with roots in the hedge fund...

Hafnium Navigates Early Stress Test Following March Launch

Timing a hedge fund launch is never easy and getting it right can be make-or-break for long-term success. French-Danish duo Alexis Dubois and Victor...

Ex-Velliv PM Joins Lærernes Pension

After Danish pension provider Velliv dismissed its entire alternatives team earlier this year as part of a broader strategic shift towards passive strategies, its...

Bitcoin-Focused Anna Secures Full AIFM License

Anna Asset Management, which runs a momentum-driven strategy focused on Bitcoin futures, has been granted a full license as an alternative investment fund manager...

Bright Spots Emerge Amid Difficult March for Nordic Hedge Funds

Although March already feels like a distant memory amid the turbulence of April, Nordic hedge funds also faced a challenging month back then. All...

Mandatum Managed Futures Maintains Momentum

Mandatum Managed Futures Fund was named the “Best Nordic Managed Futures Fund” at the Nordic Hedge Award for the second year in a row,...

Allocator Interviews

In-Depth: Megatrends

Voices

Request for Proposal

- Advertisement -