- Advertisement -
- Advertisement -

Related

Month In Review – April 2018

Industry Report

- Advertisement -

Stockholm (HedgeNordic) – Nordic hedge funds as a group enjoyed their best month since the beginning of 2017, with hedge fund managers demonstrating positive performance across all strategies. Nordic hedge funds, as measured by the Nordic Hedge Index (NHX), gained 1.1 percent in April (88 percent reported), taking the year-to-date performance to a negative 0.1 percent (click to view NHX Monthly Review).

All five NHX sub-categories had a positive month in April, with equity-oriented hedge funds enjoying their best month as a group since the summer of 2016. Equity hedge funds gained 1.8 percent last month, bringing their collective year-to-date performance back into positive territory at 0.2 percent. Nordic CTAs were up 0.4 percent last month, cutting 2018 losses to 2.2 percent. Fixed-income strategies also gained 0.4 percent, maintaining the year-to-date performance in positive territory at 0.5 percent. Multi-strategy and funds of hedge funds were up 0.9 percent and 0.1 percent, respectively (up 0.3 percent and down 1.0 percent YTD).

Equity-focused hedge funds dominated April’s list of best performers, with AAM Absolute Return Fund, Inside Hedge and Gladiator Fond all returning in excess of 7 percent last month. Long/short equity fund Norron Select and trend-following Estlander & Partners Presto closely followed suit with monthly gains of 6.5 percent and 6.1 percent, respectively.

Things were not going as smooth for niche long/short equity fund Elementa, MG Commodity and Volt Diversified Alpha Fund, the latter two constituents of the NHX CTA Index. Elementa tumbled 4.7 percent last month, while the two CTA funds were down 3.9 percent and 3.3 percent, respectively.

View the full report here:

Picture © PsychoShadow—shutterstock

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.