- Advertisement -
- Advertisement -

Related

Losses Keep on Coming for Nordic and Global FoHFs

Industry Report

- Advertisement -

Stockholm (HedgeNordic) – Nordic funds of hedge funds were down 0.6 percent as a group in March (100 percent reported), marginally trailing the Nordic hedge fund industry. The NHX Fund of Funds Index, an equally-weighted NHX sub-index tracking the performance of 23 Nordic FoHFs, was down 1.1 percent in the first quarter of 2018.

Speedometer: The March performance of the NHX Fund of Funds Index relative to its best and worst monthly performance since 2005 (Source: HedgeNordic).

However, Nordic FoHFs performed in line with their international counterparts in March. For instance, the Eurekahedge Fund of Funds Index, which tracks the performance of 402 funds that exclusively invest in single-manager hedge funds, was also down 0.6 percent in March. The index ended the first quarter 0.1 percent in the red. Similarly, the HFRI Fund of Funds Composite Index slipped 0.5 percent in March, which brought the performance for the first quarter down to 0.3 percent.

Source: HedgeNordic.

14 of the 23 funds of hedge funds included in the NHX Composite posted losses in March. Glancing at the list of gainers, OPM Absolute Mangers, which invests in a pool of international UCITS hedge funds, gained 0.6 percent in March and was up 0.5 percent for the first quarter. Meanwhile, Agenta Multistrategy, which invests in both Swedish and international hedge funds, advanced 0.5 percent in March, bringing the first-quarter performance up to 0.6 percent. Finnish FoHFs AIM Diversified Strategies also gained 0.5 percent, reducing the first-quarter losses to a negative 0.1 percent.

Alfa Quant Fund, which invests in Alfakraft Fonder’s single-strategy funds, topped the list of underperformers yet again, after tumbling 3.8 percent in March. The fund has not enjoyed a great start to the year, after having lost 10.8 percent in the first quarter. AIM Insurance Strategies and Capital Growth Strategy were down 3.8 percent and 2.5 percent, correspondingly (down 4.4 percent and 4.1 percent in Q1).

Source: HedgeNordic.

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

Peter Andersland Stays Cautious, Adds Convexity

Fund manager Peter Andersland had maintained a bearish economic outlook in recent quarters, and the tariff-related uncertainty and market volatility triggered by U.S. President...

Sissener Taps Mads Andreassen as Investment Manager

Norwegian fund boutique Sissener AS has strenghened its investment team with the appointment of Mads Andreassen as an investment manager, effective from the beginning...

From Trade Idea to Settlement: Tuning the Operational Engine to Unlock Performance Alpha

By Frank Glock, CRO, MAIA Technologies: Undoubtedly, performance alpha is seen as the universal standard for measuring the success of an investment firm. But...

How to Deal With Slippage

For any asset manager, as for managed futures traders, every fraction of a percent counts. Strategies are honed, backtested, and stress-tested across decades of...

From Selloff to Snapback: Policy Swings Define April for CTAs

In April 2025, the NHX CTA Index was down amid a major market selloff following U.S. President Donald Trump’s announcement of new tariffs, followed...

Sweden’s Hedge Fund Industry: Still a Nordic Powerhouse, But No Longer the Largest?

When strictly looking at the domicile of the management company, Sweden has been seen as home to Europe’s second-largest hedge fund hub by assets...

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.