- 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

Tidan Builds Multi-Strategy Platform Around Diversified Alpha Engines

What began as a natural evolution of Tidan Capital’s expanding investment platform has quickly become the asset manager’s flagship offering. As institutional investors increasingly...

Länsförsäkringar’s Sebastian Hallenius Departs After Nine Years

Sebastian Hallenius, Head of Asset Allocation at Länsförsäkringar Fonder, is leaving the firm after nine years, including seven years as portfolio manager of the...

Protean Promotes COO to CEO as Founder Focuses on Investing

Daniel Mackey has been promoted to Chief Executive Officer of Protean Funds Scandinavia, succeeding co-founder Pontus Dackmo, who is stepping back from the CEO...

Systematic Multi-Strategy as a Portfolio Diversifier

By Fredrik Langenskiöld – Union Bancaire Privée: Multi-strategy funds are those that allocate to more than one alternative strategy or portfolio manager (PM) in...

Visio Allocator Delivers Record Month on AI Chip Rally

After a more muted, albeit still challenging, first quarter, multi-strategy fund Visio Allocator regained momentum starting in April and delivered its strongest month on...

Colosseum’s Difficult Stretch Continues as Co-Portfolio Manager Departs

After a volatile journey since launching in mid-2025, Colosseum Global Alpha has suffered two consecutive months of steep losses, leaving the fund down more...

Allocator Interviews

In-Depth: Diversification

- Advertisement -

Voices

Request for Proposal

- Advertisement -