- Advertisement -
- Advertisement -

Related

Nordic Multi-Strategy Funds Inch into Positive Territory

Latest Report

- 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

Sissener and Sweden’s Family Office Market: A Natural Match

Both observation and scattered market data suggest that in Sweden, hedge fund investors are predominantly family offices, foundations, and private banks rather than large...

Hedge Funds Pay Off for the State Pension Fund of Finland

Finland’s largest institutional investors remain committed allocators to hedge funds, yet the State Pension Fund of Finland’s (VER) hedge fund allocation stood out as...

Carl Berg to Lead Niam’s Capital Formation Efforts in Sweden

Private markets firm Niam Group has strengthened its Capital Formation and Investor Relations team with the appointment of Carl Berg as Capital Formation Director...

Statistical Outlier Year for HCP Black

When HedgeNordic spoke with Tommi Kemppainen in early 2019, the CEO of Helsinki Capital Partners outlined a defensive positioning for the multi-strategy fund HCP...

Nordea Adds Systematic Fixed Income Expertise

Nordea Asset Management (NAM) has strengthened its data-driven investment capabilities with the addition of two London-based professionals, Lucette Yvernault and Marton Huebler, marking the...

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....

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.