- Advertisement -
- Advertisement -

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.

Chart by Visualizer

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.

Chart by Visualizer


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


Most Popular This Week

Request for Proposal

- Advertisement -

Latest Articles

Month in Review – November 2022

Stockholm (HedgeNordic) – After a difficult end to the third quarter, Nordic hedge funds are enjoying a strong fourth quarter. The Nordic hedge fund...

A COO for Protean’s Growth Journey

Stockholm (HedgeNordic) – The founding duo of the newly-launched Swedish hedge fund Protean Select has appointed Daniel Mackey as the Chief Operating Officer of...

Tor Svelland’s Fund Tops the Ranking

Stockholm (HedgeNordic) – One month to the end of the year, Svelland Global Trading Fund of Norwegian Tor A. Svelland takes the top spot...

Will Equities Bottom Out Like in 1974?

Stockholm (HedgeNordic) – Growing signs that price pressures are easing suggest inflation may have peaked, which has some market participants wondering whether equity markets...

Rising Mortgage Rates and Falling Stock Prices

Copenhagen – (Jesper Rangvid): During 2022, mortgage rates have risen and stock prices have fallen, both negatively influencing households’ consumption possibilities. But how much...

The Spectacular Unspectacular 20th Anniversary

Stockholm (HedgeNordic) – Reaching the 20th anniversary in the often short-lived and fast-paced hedge fund world is quite an achievement. In fact, some activity...