- Advertisement -

Related

Losses Keep on Coming for Nordic and Global FoHFs

- 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

Quants and CTAs Lead VER’s Hedge Fund Portfolio in Volatile Q3

The State Pension Fund of Finland (VER) delivered double-digit returns from its hedge fund portfolio in both 2024 and 2025, and entered the second...

€10 Million Mandate Up for Grabs in U.S. Equity Long/Short

A France-based investor is seeking a manager for a U.S.-focused equity long/short strategy, with an expected allocation of €10 million. According to a request...

Beyond 60/40, Part II: The Fourth Building Block

By Alexandra McGuigan, Head of APAC, Qblue Balanced: Over the past year, pension funds, sovereign investors and family offices across Asia-Pacific and Europe have...

Tidan Capital Adds Luca Moro as Senior Portfolio Strategist

Stockholm-based boutique Tidan Capital has appointed Luca Moro as Senior Portfolio Strategist, strengthening the team led by founders and portfolio managers Michael Falken and...

Axel Ekros: From Elite Rowing to Finding Opportunities in Nordic Equities

The next generation of portfolio managers often begins its journey away from the spotlight, developing investment skills as analysts before taking on portfolio responsibility....

Borea Opens Oslo Office as Expansion Continues

Bergen-based Borea Asset Management is expanding its presence in Norway with the opening of an office in Oslo and the appointment of two client...

Allocator Interviews

Voices

Request for Proposal

- Advertisement -