- Advertisement -
- Advertisement -

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

AT1 Bond Wipeout: Not the Default Mode of Resolutions

Stockholm (HedgeNordic) – As part of the takeover of Credit Suisse by UBS, Swiss financial regulator FINMA instructed the credit-stricken bank to write down...

P+ CEO Sørensen Announces Retirement

Stockholm (HedgeNordic) – After more than 21 years of overseeing pension fund management, Søren Kolbye Sørensen has announced his retirement from his role as...

The Hedge Fund Cure for Apoteket’s Pension Fund

Stockholm (HedgeNordic) – 2022 was one of the toughest years in recent memory for institutional investors, as the global economy and financial markets faced...

Sissener and Nordea’s Alpha Win UCITS Awards

Stockholm (HedgeNordic) – The Hedge Fund Journal, a monthly magazine focusing on the global hedge fund industry, has published the list of winners at...

Hedge Fund Exposure Pays Off for University Endowment

Stockholm (HedgeNordic) – The endowment fund of Aalto University in Finland edged down 3.5 percent after all fees and costs in 2022 during what...

Banking Turmoil as Buying Opportunity for Utbytte

Stockholm (HedgeNordic) – On Friday March 10, Silicon Valley Bank failed and was taken over by federal regulators after a run on deposits, as...


Most Popular This Week


Request for Proposal

- Advertisement -