- Advertisement -
- Advertisement -

Related

Month In Review – June 2018

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – Nordic hedge funds had a mixed performance in June, with relatively strong performance on the part of CTAs and mild losses incurred by equity and multi-strategy hedge funds. The Nordic Hedge Index (NHX), currently comprising 165 members, fell 0.2 percent last month (88 percent reported), ending the first half of 2018 up at 0.1 percent (view the NHX monthly review).

Only one of the five NHX sub-categories ended the month of June in the green, with Nordic CTAs delivering solid gains as a group. Equity-focused hedge funds fell 0.4 percent last month, shaving off year-to-date gains to 0.6 percent. Nordic CTAs gained 1.1 percent, recovering some lost ground after the steep loss incurred in February (down 2.1 percent in the first half of 2018). Fixed-income hedge funds were down 0.1 percent, taking the performance for the first two quarters of this year to 0.3 percent. Multi-strategy and funds of hedge funds were down 0.5 percent and 0.3 percent, correspondingly. Multi-strategy funds gained 0.4 percent in the first half of the year, whereas funds of hedge funds fell 1.3 percent over the same period.

Alfa Axiom Fund, a systematic trend-following CTA fund, was the best-performing member of the NHX in June with a gain of 10.2 percent. Value-oriented fund Pandium Global gained 4.5 percent, while long/short equity hedge fund Adrigo Small & Midcap L/S returned 3.9 percent. Trend-following funds SEB Asset Selection Opportunistic and Lynx (Sweden) were up 3.7 percent and 3.2 percent, respectively.

Activist fund Accendo Capital was down 8.5 percent in June and market-neutral equity fund DNB ECO Absolute Return fell 5.3 percent. Nykredit EVIRA, a hedge fund primarily investing in European corporate bonds, tumbled 4.1 percent last month.

 

Picture: (c) shutterstock.com—Francesco Carta fotografo

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

From Short-Term Opportunity to Long-Term Outperformance

Borea Utbytte, a banking sector-focused equity fund under Norwegian boutique Borea Asset Management, celebrated its five-year anniversary at the turn of September to October....

Record Month for Tidan in Priced-to-Perfection Credit Market

Tidan Fund, a Stockholm-based hedge fund specialising in opportunities across corporate capital structures, marked its four-year anniversary in September with its strongest month on...

Zetterquist Leads Antiloop’s Reset as Cygnus and Atlas Gain Momentum

After helping build and later steer the operations of fund boutique Norron, first as COO and then as CEO, Alexander Zetterquist is embarking on...

From Running Laps to Running Capital: Ex-Taiga Analyst at DNB

After nine years as an analyst at equity long/short hedge fund Taiga Fund, Øystein Kvaerner has joined DNB Asset Management to launch a new...

Nordic Hedge Funds Wrap Up Strong Third Quarter

Nordic hedge funds continued their strong run of performance since May, advancing an additional 1.7 percent on average in September – the industry’s second-best...

DNB’s Stable Alpha Goes DACH

DNB Asset Management has managed its in-house multi-manager, multi-strategy fund platform since early 2020. After a period of muted performance in its early years,...

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.