- Advertisement -
- Advertisement -

Related

Nordic Fixed-Income Hedge Funds Trying to Steady Ship in March

Powering Hedge Funds

Stockholm (HedgeNordic) – Nordic fixed-income hedge funds, as measured by the NHX Fixed Income Index, gained 0.1 percent in March, taking the performance for the first quarter of 2018 back into positive territory at 0.1 percent. Nordic fixed-income strategies as a group lost 0.5 percent in February, putting an end to a 23-month streak of positive performance.

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

In contrast to their Nordic peers, global fixed-income hedge funds recorded losses for a second consecutive month in March. The Eurekahedge Fixed Income Hedge Fund Index, an equally-weighted index of 320 fixed-income hedge funds, was down 0.1 percent in March, bringing the performance for 2018 down to 0.6 percent.

Around 44 percent of the 25-member NHX Fixed Income Index enjoyed positive performance in March. Nykredit MIRA Hedge Fund, awarded the top prize in the fixed-income category at this year’s HFMWeek European Hedge Fund Performance Awards, was the biggest gainer among Nordic fixed-income hedge funds in March. The fund gained 4.9 percent for the month, recouping the losses incurred in the first two months of the year (up 0.7 percent in Q1).

Source: HedgeNordic.

Danish fixed-income arbitrage fund CABA Hedge was up 3.5 percent in March, taking its performance for the first quarter back into positive territory (up 0.3 percent in Q1). Formuepleje Fokus, which mainly invests in Danish mortgage bonds, gained 1.9 percent in March (down 0.1 percent in Q1).

Three young fixed-income hedge fund dominated March’s list of underperformers. Nykredit EVIRA Hedge Fund was down 2.7 percent in March, extending its losses for the first quarter to 4.0 percent. Asgard Fixed Income Risk Premia and Asgard Credit Fund, winner of this year’s Rookie award, were both down 1.4 percent in March (down 2.8 percent and 3.3 percent in Q1).

Source: HedgeNordic.

Picture ©: Romolo-Tavani—shutterstock.com

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

Beyond the Top Ten: Sweden’s Top-Performing Hedge Funds in 2025

While Denmark may have matched and even overtaken Sweden’s hedge fund industry in terms of assets under management during 2025, Sweden continues to stand...

Round Table: Operational Challenges

The role of the Chief Operating Officer in asset management continues to expand, as operational challenges grow in both scope and complexity. Once centred...

Taiga Defies Nordic Equity Headwinds with High Returns

While Nordic equities struggled to keep pace with global equity markets in 2025, Nordic small-cap-focused long/short equity fund Taiga Fund advanced 22.6 percent, marking...

Macro Calls and Timing Drive Excalibur’s 2025 Result

Low double-digit returns may not typically command the spotlight. For a low-risk fixed-income macro hedge fund, however, such an outcome can represent an achievement. Excalibur...

Former IPM Colleagues Reunite as Hanna Persson Joins Tidan

Fast-growing fund boutique Tidan Capital has appointed Hanna Persson as Head of Business Development and Investor Relations. The appointment reunites Persson with Serge Houles,...

Pasi Havia to Invest in Megatrend-Driven Stocks at United Bankers

After departing Helsinki Capital Partners (HCP) in late 2025 following more than a decade at the boutique, portfolio manager Pasi Havia is now joining...

Allocator Interviews

In-Depth: Diversification

- Advertisement -

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.