- Advertisement -

Related

Time-Tested Alfakraft Fund Joins the NHX

- Advertisement -

Stockholm (HedgeNordic) – Alfa Aktiv, one of the vehicles managed by Swedish quant-focused hedge fund shop Alfakraft Fonder AB, has joined the Nordic Hedge Index (NHX). Despite being classified as a global equity fund on Sweden’s Premium Pension Authority (PPM) platform, Alfa Aktiv operates as a fundamental hedge fund trading equities and futures contracts on Swedish markets.

Alfa Aktiv mainly trades futures on the OMX Stockholm 30 Index (OMXS30) or similar index-linked securities, aiming to achieve risk-adjusted outperformance versus OMXS30. The fund’s investment research process combines technical and fundamental analysis (mostly broader macroeconomic analysis), with the fund using a risk on and risk off approach to investing. The investment mandate allows Alfa Aktiv to invest its assets in derivative instruments, transferable securities, money market instruments, fund units and accounts with credit institutions.

Bengt Lindblad, a co-founder of Alfakraft Fonder AB, has been in charge of Alfa Aktiv since its inception in August 2015. The fund generated a cumulative return of 24.9 percent since the launch through August of this year, corresponding to a compounded annual return of 7.5 percent. Up until now, Alfa Aktiv successfully achieved its objective of beating OMXS30 with less volatility. The OMX Stockholm 30 Index returned 2.5 percent since August 2015 through the end of last month, exhibiting a monthly volatility of 3.2 percent (annualized volatility of 11.2 percent). Meanwhile, the realized volatility of Alfa Aktiv’s monthly returns on an annualized basis equals only 7.1 percent (monthly volatility of 2.0 percent).

 

Welcome to the Nordic Hedge Index (NHX).

Picture © canonzoom—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

Simplicity Completes Norron Deal

Three months after announcing the deal, Swedish asset manager Simplicity has completed its acquisition of Norron’s fund management business, taking over the management of...

Rethinking the 60/40 Portfolio

The 60/40 portfolio remains one of investing’s most recognizable conventions, even where few institutional portfolios literally consist of 60 percent equities and 40 percent...

Diversification That Comes From Somewhere Else

Insurance-linked investments offer something increasingly difficult to find in institutional portfolios: return drivers that are fundamentally different from those behind equities and bonds. At...

Reinforce, Don’t Replace: Carrying the 60/40 Through the Fragile Decade

By Steven Braun at Newfound Research and Return Stacked® Portfolio Solutions: Despite its ambiguous origins, the 60/40 remains the default portfolio for investors approaching...

Varma: Practical Considerations for Embracing a Total Portfolio View

Finland’s Varma is one of several large Nordic asset owners that has been moving towards a more holistic view of the portfolio – some...

Thinking Outside the 60/40 Box: How Active and Dynamic Commodities Can Complement Bonds

Bonds helped investors to diversify equity between about 2000 and 2021, which more than covers the entire career of many allocators. Since 2022 bonds...

Allocator Interviews

- Advertisement -

Voices

Request for Proposal

- Advertisement -