- Advertisement -
- Advertisement -

Related

Losses Keep on Coming for Nordic and Global FoHFs

Latest 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

Brevan Howard Winds Down Volatility Fund Managed by Ville Helske

Brevan Howard Asset Management is winding down a volatility-focused hedge fund run by high-profile Finnish portfolio manager Ville Helske. Helske, formerly Head of Allocation...

Ymer to Launch Fourth CLO Fund with Proven Strategy and Structure

Building on the track record of three previous credit funds, Swedish alternative credit specialist Ymer SC AB is preparing to roll out its fourth...

Quirky Questions for: Stefan Nilsson (Hedge Funds Club)

Not every conversation in the hedge fund world needs to revolve around alpha, Sharpe ratios, or fund flows. In the ongoing Quirky Questions series,...

Origo’s Johansson Returns to Sohn Conference with High-Conviction Pick

Swedish stock-picking boutique Origo Fonder is gaining fresh recognition following a strategic transformation, strong performance, and growing assets. The firm’s evolution into an “Origo...

Commodities Lift CTAs Amid Turmoil

In June 2025, the NHX CTA Index was up as losses in stocks and bonds were outweighed by profits in commodities, but briefly erupting...

Finserve Global Security Fund Boosts Quant Edge with Martin Redgård

Under lead portfolio manager Joakim Agerback, the Finserve Global Security Fund has successfully capitalized on the global surge in defense, cybersecurity, and space investments...

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.