- Advertisement -
- Advertisement -

Related

Month In Review – March 2018

Industry Report

- Advertisement -

Stockholm (HedgeNordic) – Nordic hedge funds as a group suffered losses in a volatile month of March, with equity-focused funds suffering the most due to increasing fears of a global trade war. Nordic hedge funds, as expressed by the Nordic Hedge Index (NHX), were down 0.6 percent in March (91 percent reported), taking the first-quarter losses to 1.2 percent.

Four of the NHX sub-categories posted losses for the month, with equity-oriented hedge funds tumbling 0.8 percent (down 1.6 percent YTD). Nordic CTAs were down 0.6 percent in March after suffering their worst month on record in the prior month (down 2.4 percent YTD). Fixed-income strategies gained 0.3 percent, bringing the 2018 performance into positive territory at 0.3 percent. The February loss of 0.6 percent ended a 23-month streak of positive performance for the group. Multi-strategy and funds of hedge funds were down 0.7 percent and 0.5 percent, with both categories falling 1.0 percent in the first three months of 2018.

Despite equity-focused hedge funds trailing other categories in March, equity funds topped the list of best performers. DNB ECO Absolute Return and Gramont Equity Opportunities gained 7.5 percent and 7.3 percent, correspondingly (up 1.8 percent and down 1.5 percent YTD, respectively). Fixed-income hedge fund Nykredit MIRA advanced 4.9 percent in March (up 0.7 percent YTD).

On the other end of the list, activist fund Accendo was down 8.6 percent in March (down 16.9 percent YTD). Alfa Axiom Fund and Nordea 1 – Heracles Long/Short MI Fund, both part of the NHX CTA Index, tumbled 6.9 percent and 5.2 percent, correspondingly (down 1.3 percent and 9.1 percent YTD).

View the full report here:

 

Picture: (c) ImageFlow—shutterstock.com

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.