- Advertisement -
- Advertisement -

Related

Danish Market-Neutral Fund Joins the NHX

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – Beta-neutral long/short fund Formue Nord Markedsneutral has joined the Nordic Hedge Index (NHX). The new addition, managed by asset management firm Formue Nord A/S based in the city of Aalborg in Denmark, brings the number of Danish hedge funds in the NHX to a total of 33.

Formue Nord Markedsneutral predominantly focuses on investing in special situations (e.g. initial public offerings, secondary public offerings, or mergers and acquisitions) with an asymmetric return payoff. The market-neutral fund also invests in small- and medium-sized companies that are believed to be mispriced, simultaneously getting short exposure to a basket of futures on stock market indices to neutralize the beta exposure. By hedging the market risk, the value and complexity premia are isolated, resulting in an uncorrelated return profile for the fund’s portfolio. The complexity premium is typically harvested by capitalizing on wide and steep spreads on complex deals.

“Our main focus is to provide capital to listed small- and midcap companies on flexible terms that accommodate the relevant company’s needs. Since inception we have primarily focused on the Nordics, but as our fund grows we plan to expand to others countries. During our beta-neutral period, starting in February 2016, we have netted 10.7% annually thus providing significant value to our investors both in terms of returns and risk-diversification,” Rasmus Viggers, portfolio manager of Formue Nord Markedsneutral, tells HedgeNordic.

Formue Nord A/S, registered with the Danish Financial Services Authority (FSA) as a manager of alternative investment funds, was founded by Rasmus Viggers and Thøger Dam Johansen (pictured) in September 2015. The asset manager also manages a long-only fund called Formue Nord Globale Aktier, which employs a Warren Buffett-inspired strategy of buying high-quality companies for the long term. Formue Nord Markedsneutral, meanwhile, was launched in December 2015 and generated a cumulative return of 14.9 percent since inception through the end of August of this year. The fund is up 7.6 percent year-to-date, after having returned 8.9 percent last year. The beta-neutral fund had full market exposure during the first two months of operations, with the fund being fully hedged starting with February 2016.

Welcome to the Nordic Hedge Index (NHX).

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 Expands Investment and Sales Teams with Senior Hires

Just months after bringing on Mads Andreassen as Investment Manager, Norwegian fund boutique Sissener AS continues to expand its team with two key additions....

Fenja Capital Deepens Bench as Analyst Moves to Full-Time Role

After earning his Master’s degree in Economics from Aalborg University, Anders Madsen has transitioned from a part-time role to a full-time analyst position at...

Accendo-Backed SSH Secures Major Investment from Leonardo

While public and policy discussions around defence often focus on conventional weapons, many of today’s most active and frequent battles are unfolding in cyberspace....

Swedbank Robur Strengthens Private Equity Team

Swedbank Robur has appointed Lorenzo Gregory Sormani as co-portfolio manager of its private equity fund, Swedbank Robur Alternative Equity I, joining Senior Portfolio Manager...

Beyond Renewables: Coeli Fund Taps Into the Broader Electrification Race

Earlier this year, portfolio managers Vidar Kalvoy and Joel Etzler renamed their fund from Coeli Renewable Opportunities to Coeli Energy Opportunities – a move...

Three Danish Hedge Funds Recognized by the Hedge Fund Journal

Three Danish hedge funds have been recognized at the 2025 Hedge Fund Journal CTA and Discretionary Trader Awards. Two funds managed by Danske Bank...

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.