- Advertisement -
- Advertisement -

Related

Nordic Fixed-Income HFs Steady Ship After February Scare

Industry Report

- Advertisement -

Stockholm (HedgeNordic) – The Fixed Income Sub-Index to the Nordic Hedge Index (NHX) was up by 0.4 percent in April 2018 (96 percent reported), extending the gains for the first four months of 2018 to 0.5 percent. The sub-category in the NHX posted gains for an impressive 25 out of the 28 previous months.

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

Nordic fixed-income hedge funds outperformed their global peers by a small margin last month, but global fixed-income funds are still ahead in this year’s performance race. The Eurekahedge Fixed Income Hedge Fund Index, an equally-weighted index tracking the performance of 342 fixed-income hedge funds, gained only 0.1 percent in April (77 percent reported as of May 24). However, the Eurekahedge index is up 0.7 percent in the first four months of the year, compared to the 0.5 percent gain for the NHX Fixed Income Index.

Two of every three members included in the NHX Fixed Income Index posted positive returns for April. Nykredit EVIRA, a hedge fund that predominantly invests in European corporate bonds, was April’s strongest performer in the fixed-income group of funds with a monthly return of 1.8 percent. The fund, managed by Nicolai Kjer Rasmussen (pictured), though is down 2.3 percent in the first four months of 2018.

Danske Invest Hedge Mortgage Arbitrage gained 1.3 percent last month, ending a five-month run of negative performance. Following the April performance, the fund edged up into positive territory for the year. Asgard Fixed Income Fund, awarded second place in the “Best Nordic Fixed Income Hedge Fund” category at this year’s edition of the Nordic Hedge Award, was up 1.2 percent last month, cutting 2018 losses to 0.1 percent. Asgard Fixed Income Risk Premia, a fixed-income fund managed by Copenhagen-based Moma Advisors A/S, also gained 1.2 percent in April. The fund is down 1.6 percent in the first four months of 2018.

The list of poor performers is led by credit hedge fund Trude, which posted a negative performance for a fourth consecutive month. The fund was down 0.9 percent in April, taking 2018 losses to 2.3 percent. Relative value fund Nykredit MIRA declined 0.8 percent, taking the 2018 performance slightly into negative territory for the year at 0.1 percent.

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

Rising Adoption of Quantitative Investment Strategies Among Nordic Investors

From a high-level perspective, there is a clear trend of increasing adoption of quantitative investment strategies (QIS) among Nordic institutional investors, either through the...

EU Plans Stress Test for Hedge Funds and Non-Bank Firms

European regulators are planning a stress test to identify vulnerabilities beyond the traditional banking sector, focusing on less regulated entities such as hedge funds,...

ALCUR Fonder Continues Hiring Spree

Following two earlier additions this year, ALCUR Fonder continues to expand its portfolio management team at a notable pace. The Stockholm-based hedge fund boutique...

Nordic Private Markets Modernize with Data-Centric Trade Lifecycle Automation

By Anders Stengaard Jensen at Indus Valley Partner: In recent years, asset managers in Nordic countries have accelerated efforts to modernize trade operations, particularly...

Norwegian Hedge Fund Industry Sees Major Boost with New Launch

The Swedish and Danish hedge fund industries remain closely matched in size, with Denmark recently edging ahead of Sweden. While still less than half...

Atlant Funds Hold Up in May Despite Mistimed Market Call

Macroeconomic and market forecasts are notoriously difficult, even for experienced hedge fund managers. What matters more than being right, however, is ensuring that incorrect...

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.