- 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

Elo’s Hedge Funds Stand Out in Strong First Half

Finland’s pension investors are entering a new phase as regulatory changes allow them to increase their equity exposure and raise long-term return expectations. For...

Agmentum Maritime Adds to Portfolio Management Team

Agmentum Capital, the asset manager behind the shipping-focused equity long/short hedge fund Agmentum Maritime, has strengthened its portfolio management team with the appointment of...

Coeli Winds Down Energy Opportunities as Etzler and Kalvoy Move on to New Opportunity

After more than seven years at Coeli, energy-focused portfolio managers Joel Etzler and Vidar Kalvoy are leaving the Stockholm-based boutique for what they describe...

Danske Strengthens Quant & Overlay Team with Goldman Sachs Hire

Danske Bank Asset Management has strengthened its Quant & Overlay team with the appointment of Jonas Bovbjerg as portfolio manager, following an 11-year career...

Whipsaws and Trend Reversals Challenge Nordic CTAs in July

July proved a challenging month for trend-following strategies, as a series of abrupt reversals across financial markets disrupted established trends. CTA managers faced losses...

ALCUR Strengthens Investment, Trading and Compliance Teams

Stock-picking boutique ALCUR Fonder has announced three new appointments across its investment, trading, and compliance functions. Isak Lenholm joins the investment team with a...

Allocator Interviews

In-Depth: Diversification

- Advertisement -

Voices

Request for Proposal

- Advertisement -