- Advertisement -

Related

Month In Review – August 2018

- Advertisement -

Stockholm (HedgeNordic) – Nordic hedge funds, as measured by the Nordic Hedge Index (NHX) Composite, gained 0.5 percent on average in August (89 percent reported), with CTA funds gaining the most as a group. The NHX Composite recorded a new all-time high of 191.76 last month, surpassing the previous record high reached in January earlier this year. On average, Nordic hedge funds rose 1.0 percent this year through the end of August.

Month in Review – August

Based on preliminary estimates, four of the five NHX sub-categories recorded month-on-month gains in August. CTA funds were the best performers last month, with four in every five members of the NHX CTA posting positive returns for the month. Nordic CTAs rose 1.7 percent in August, bringing performance for the first eight months of 2018 to down 1.4 percent. Equity hedge funds rose 0.5 percent on average last month and 2.3 percent this year through August. Multi-strategy hedge funds were up 0.3 percent in August, whereas fixed-income funds were flat for the month. Multi-strategy and fixed-income vehicles are up 0.9 percent and 1.0 percent year-to-date through the end of August, correspondingly. Fund of hedge funds, meanwhile, fell 0.1 percent last month, leaving year-to-date losses at about 1.3 percent.

More than half of the funds comprising the NHX posted gains in August, with five vehicles recording monthly returns above five percent. Estlander & Partners Alpha Trend II, a higher leverage version of systematic trend-following strategy Alpha Trend, was August’s top performing fund in the NHX with a gain of 8.5 percent. Value-oriented HCP Focus Fund advanced 8.3 percent, brining returns to 25.9 percent for the year. HCP Focus Fund is the best performing member of the NHX year-to-date. Diversified multi-CTA fund RPM Galaxy was up 7.6 percent in August, cutting this year’s losses to 6.7 percent.

 

Picture © Andrey Yurlov—shutterstock

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

Norselab Turns to Shipping and Energy for Its Fourth Credit Fund

Norwegian boutique Norselab Credit Management is launching its fourth fund in less than four years, expanding its credit platform into the highly cyclical shipping,...

Ridge Capital Builds Out Investment Team

Stockholm-based boutique manager Ridge Capital has strengthened its investment team with the appointments of Oliver Eliassen as Senior Portfolio Analyst and Olivia Berg Wadsten...

The Dollar, Equity Flows and the Hidden Risks in Institutional Portfolios

By Bul Ekici: AI has turned U.S. equities into a magnet for foreign capital. Once hedge ratios are taken into account, this channel matters...

Asset Adviser Appoints Frank Sørensen as Senior Strategist

Danish boutique asset manager Asset Adviser has appointed Frank Sørensen as Senior Strategist, less than a year after Stonehenge Fondsmæglerselskab, the Danish asset manager...

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...

Allocator Interviews

In-Depth: Diversification

- Advertisement -

Voices

Request for Proposal

- Advertisement -