- Advertisement -
- Advertisement -

Related

Month in Review – October 2018

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – October was a challenging month for investors and fund managers alike, and hedge funds were no exception. Nordic hedge funds, as expressed by the Nordic Hedge Index (NHX), were down 2.1 percent in October (86 percent reported), recording their worst month in the aftermath of the financial crisis. The weakness was led by equity hedge funds and CTA vehicles, with both groups impacted by plummeting global equity markets.

Month in Review – October 2018

All five strategy categories within the NHX ended the month of October in the red, with fixed-income hedge funds experiencing the least amount of suffering. Equity-focused hedge funds and trend-following CTAs were down 2.6 percent and 2.5 percent, respectively, with both categories struggling as global equity markets fell 5.1 percent in Euro terms. Down 5.2 percent year-to-date, Nordic CTA funds are on track to record their worst annual performance since HedgeNordic started tracking the space in 2005. Multi-strategy funds and funds of hedge funds retreated 2.1 and 1.6 percent, correspondingly. Fixed-income hedge funds, meanwhile, were down 0.3 percent last month, bringing the year-to-date gains to 1.5 percent. NHX Fixed Income is the best performing NHX sub-category so far this year.

Dispersion between the best and worst performing members of the NHX was wide last month, with the top 20 percent of hedge funds returning 1.2 percent on average and the bottom 20 percent falling 7.0 percent. Around one-quarter of the 176 hedge funds included in the NHX posted gains for October. Volt Diversified Alpha Fund, which applies machine learning to capture price moves motivated by changes in underlying economic factors, was last month’s best performing hedge fund in the Nordics with a gain of 4.6 percent. Whereas the quick reversal in global equity markets impacted many trend-followers, Volt started the month with a small short position in U.S. equities that partly contributed to last month’s gains.

Atlant Protect, a hedge fund vehicle that seeks to protect against market crashes with the use of derivative strategies, was up 3.1 percent last month. DNB TMT Absolute Return, a long/short market-neutral equity fund, and Formue Nord Markedsneutral, which employs a beta-neutral long/short strategy, advanced 3.0 percent and 2.7 percent, respectively.

 

Picture © Rawpixel—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

Fresh Talent, New Funds: ALCUR Expands Reach in Retail Segment

After a wave of portfolio manager hires earlier this year, stock-picking fund boutique ALCUR Fonder is preparing to launch several new funds aimed at...

Quirky Questions for Kathryn Kaminski (AlphaSimplex)

Not every hedge fund conversation needs to revolve around performance charts or trade execution. In HedgeNordic’s Quirky Questions series, we look beyond the strategies to the...

Active Decisions in Passive Wrappers: Othania on ETF Innovation

Founded in early 2016 by brothers Vincent Dilling-Larsen and Christian Mørup-Larsen, Danish fund boutique Othania built its foundation on a proprietary risk model, “Tiger,”...

Rettig Appoints Crescit Manager to Oversee Hedge Fund Strategies

Simon Borgefors has joined Finnish family-owned investment company Rettig as Investment Director for hedge fund strategies in Stockholm, leaving Swedish hedge fund boutique Crescit...

€5m Ticket to Nordic High Yield From German Family Office

A German family office plans an initial €5 million commitment to a UCITS‑compliant Nordic high‑yield fund, with capacity to scale over time. According to...

From Beef to Bitcoin: August’s Wild CTA Ride

In August 2025, the CTA sub-index of the Nordic Hedge Index edged lower after two positive months, reflecting mixed performance among managers. Strong gains...

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.