- Advertisement -
- Advertisement -

Multi-Strategy NHX Funds Continue Winning Streak in May

Report: Systematic Strategies

- Advertisement -

Stockholm (HedgeNordic) – Nordic multi-strategy hedge funds gained 0.5 percent in May (94 percent reported), collectively becoming last month’s second-best performing NHX sub-category trailing only equity-focused hedge funds. For the first five months of 2018, the NHX Multi-Strategy Index, the most diverse and inclusive NHX sub-category, gained 0.9 percent.

Speedometer: The May performance of the NHX Multi-Strategy Index relative to its best and worst monthly performance since 2005 (Source: HedgeNordic).

Not only did Nordic multi-strategy hedge funds continue their winning streak in May, but they also outperformed their international peers. The Eurekahedge Multi-Strategy Hedge Fund Index, an equally-weighted index tracking 266 global multi-strategy hedge funds, was down 0.3 percent in May (79 percent reported), taking the performance for the year into negative territory at 0.2 percent. The HFN Multi-Strategy Index, however, gained an estimated 0.1 percent last month. The Barclay Multi Strategy Index was up an estimated 0.5 percent in May, taking the year-to-date performance back into positive territory for the year at 0.1 percent. The estimated performance for May was calculated with reported data from 102 multi-strategy hedge funds.

Most multi-strategy funds in the Nordic Hedge Index posted gains for May, with 24 of the 35 members of the NHX Multi-Strategy Index delivering positive performance last month. Ress Life Investments, an alternative investment fund investing in the secondary market for U.S. life insurance policies, gained 5.6 percent in May benefiting from one policy paying out and the notice of pending payouts by two other policies. (Pictured Ress Life Founder, Jonas Martenson). The fund is up 5.9 percent in the first five months of the year.

Formuepleje Penta, which invests in equities and bonds based on the classical portfolio theory, climbed 4.2 percent in May. That’s on top of an increase of 3.8 percent in April, with the fund’s year-to-date performance reaching 5.6 percent. VISIO Allocator Fund, awarded the top prize in the “Best Nordic Multi Strategy Hedge Fund” category at this year’s Nordic Hedge Award ceremony, rose 3.9 percent in May, slimming the decline for the year to down 0.5 percent. Multi-strategy alternative fund Formuepleje Epikur gained 3.6 percent last month, taking the performance for the first five months of the year to 4.8 percent.

Evli Factor Premia, an alternative investment fund employing systematic market-neutral factor strategies, suffered a 5.7 percent loss in May, extending the loss for the year to 6.9 percent. Nordea Alpha 15 Fund, which employs various types of low-correlation investment strategies to provide dynamic exposure to multiple asset classes, was down 3.1 percent in May. The Nordea fund is down 2.2 percent in the first five months of the year.

*Performance figures for May not reported.

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

Ridge Capital Expands Team After Hitting €100 Million Milestone

Stockholm (HedgeNordic) – With its unconventional high-yield bond strategy now exceeding €100 million in assets under management, Ridge Capital is expanding its portfolio management...

“7 Years, Niller, Then You Know a Thing or Two”

Stockholm (HedgeNordic) – There is a Danish saying that goes, “7 years, Niller, then you know a thing or two,” suggesting that seven years...

Brobacke Gains 7.6% in Early July, Predicts Continued Bull Market

Stockholm (HedgeNordic) – After a relatively flat first half of 2024, marked by noticeable month-over-month volatility, discretionary macro fund Brobacke Global Allokering advanced 7.6...

Kristofer Barrett Back to Managing Tech Fund

Stockholm (HedgeNordic) – Kristofer Barrett, the former portfolio manager of the multi-billion-dollar Swedbank Robur Technology fund, has returned to managing a technology-focused equity fund....

Tidan’s Resurgence Amid Markets Needing a Touch of Magic

Stockholm (HedgeNordic) – In late 2021, Michael Falken and his team at Tidan Capital launched a hedge fund employing a capital structure relative value...

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...

Allocator Interviews

In-Depth: High Yield

Voices

Request for Proposal

- Advertisement -