- Advertisement -
- Advertisement -

Month In Review – May 2018

Report: Systematic Strategies

- Advertisement -

Stockholm (HedgeNordic) – Nordic hedge funds as a group gained 0.5 percent in May (87 percent reported), powered by equity-focused hedge funds that benefited from rising global equity markets (up 4.5 percent in euro terms) as a result of solid corporate and economic data. The Nordic Hedge Index (NHX), currently consisting of 163 members, moved into positive territory for the year at 0.4 percent (view the NHX Monthly Review).

Three of the five NHX sub-categories enjoyed a positive month in May, with Nordic CTAs suffering yet another month of negative performance as investor bullishness reversed sharply in the fourth week of the month (read more details). Equity hedge funds gained 1.1 percent last month, bringing their year-to-date performance further into positive territory at 1.3 percent. Nordic CTAs were down 0.9 percent in May, marking the third monthly loss in the first five months of 2018 (down 3.1 percent YTD). Fixed-income and multi-strategy hedge funds were up 0.3 percent and 0.5 percent, respectively (up 0.8 percent and 0.9 percent YTD). Funds of hedge funds were flat in May, maintaining the year-to-date losses at 1.1 percent.

Equity-focused hedge funds totally dominated May’s list of best performers in the NHX, with value investing fund HCP Focus Fund and activist fund Accendo Capital returning 8.7 percent and 8.4 percent, correspondingly. HCP Quant, Incentive Active Value Fund, and Rhenman Healthcare Equity L/S all returned in excess of 6 percent last month.

Evli Factor Premia, a member of the NHX Multi-Strategy Index employing systematic market-neutral factor strategies, and three members of the NHX CTA Index (Estlander & Partners Freedom, SEB Asset Selection Opportunistic, Aktie-Ansvar Trendhedge) incurred losses of 5 percent or more in May.

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

The Value of Short Selling for Symmetry

Stockholm (HedgeNordic) – Stock-picking hedge fund Symmetry Invest has achieved a net-of-fees annualized return of 18 percent since its inception just over 11 years...

Month in Review – June 2024

Stockholm (HedgeNordic) – Despite June marking the end of a long streak of consecutive positive months, the Nordic hedge fund industry still achieved its...

New Equity Managers Join Borea to Bolster Fund Offerings

Stockholm (HedgeNordic) – Following the acquisition of a majority stake by Frendegruppen – a consortium of Norwegian independent banks, Borea Asset Management is strengthening...

Obligo Raises Final €75 Million for PE Fund

Stockholm (HedgeNordic) – Obigo Investment Management has announced the final close of its infrastructure-oriented private equity fund, Obligo Nordic Climate Impact Fund (ONCIF), raising...

RFP: Irish Investor in Search of Tail Risk Mitigation

Stockholm (HedgeNordic) – An Irish institutional investor seeks an overlay manager or managed options strategies to mitigate tail risk in its €2.5 billion fund-of-funds...

Cevian on Buying Spree, Discloses 5% Stake in Smith & Nephew

Stockholm (HedgeNordic) – Swedish activist investor Cevian Capital has disclosed a five percent stake in UK medical device manufacturer Smith & Nephew, signaling intentions...

Allocator Interviews

In-Depth: High Yield

Voices

Request for Proposal

- Advertisement -