- Advertisement -

Related

Nordic Multi-Strategy Funds Inch into Positive Territory

- Advertisement -

Stockholm (HedgeNordic) – Nordic multi-strategy hedge funds returned 0.5 percent on average in July (95 percent reported), trailing the equity-focused and fixed-income members of the Nordic Hedge Index (NHX). The NHX Multi-Strategy Index, the most diverse and inclusive category of hedge funds, is up 0.5 percent year-to-date through July.

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

The performance of international multi-strategy hedge funds was somewhat mixed last month. The Eurekahedge Multi-Strategy Index, reflecting the collective performance of 273 multi-strategy hedge funds, also gained 0.5 percent in July (65 percent reported). Meanwhile, the HFN Multi-Strategy Index, comprised of multi-strategy funds from eVestment’s database of hedge funds, fell 0.2 percent last month, extending year-to-date losses through July to 1.3 percent. Similarly, the Barclay Multi Strategy Index was down an estimated 0.2 percent, with the preliminary results calculated with reported data from 92 funds. The Barclay index is down 0.4 percent year-to-date.

More than half of the 38 members included in the NHX Multi-Strategy Index ended the month of July in the green. Several funds managed by Danish asset manager Formuepleje A/S dominated July’s list of best performers among multi-strategy funds. Formuepleje Penta, for instance, returned 4.6 percent last month, bringing year-to-date gains to 9.6 percent. Formuepleje Epikur and Formuepleje Safe were up 3.9 percent and 3.6 percent, correspondingly. Othania Invest A/S, which employs a proprietary algorithm to execute a tactical allocation between U.S. stocks and bonds on a monthly basis, gained 3.5 percent last month.

Pacific Precious, which seeks long/short exposure to precious metals and companies within the precious metal sector, went through a rough time last month after losing 3.6 percent. Genio ADEPTO, meanwhile, was down 2.0 percent in July, taking the year-to-date performance to a negative 3.0 percent.

 

Picture (c) Denphumi—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

Finland’s Distressed Real Estate Market Creates Opportunities for Buyers

Finland’s commercial real-estate market is going through one of its most difficult periods in decades. Much of the coverage has focused on the pain:...

Protean Officially Launches Global Aktiesparfond

Stock-picking boutique Protean Funds Scandinavia has officially launched its low-cost active Global fund on September 15, building on the early success of its Nordic...

Why the Next Wave of ETF Growth Could Be Active

Active management is increasingly finding a home in the ETF wrapper as investors look beyond traditional index-tracking strategies for more targeted sources of alpha....

How CLO ETFs Are Expanding Institutional Access to Alternative Credit

ETFs have become an increasingly versatile tool in institutional portfolios, moving beyond tactical market access and liquidity management to serve as strategic building blocks....

Nordic Hedge Funds End Summer on a Strong Note

After a brief dip in July, Nordic hedge funds ended the summer on a strong note, gaining an average of 1.5 percent in August....

Colosseum Turns Corner as Douglas Swedberg Joins as Portfolio Manager

After two difficult months in April and May, hedge fund Colosseum Global Alpha has regained momentum over the summer, posting three consecutive positive months....

Allocator Interviews

In-Depth: Diversification

- Advertisement -

Voices

Request for Proposal

- Advertisement -