- Advertisement -
- Advertisement -

Related

Danish Manager Broadens Mandate with New Launch

Industry Report

- Advertisement -

Stockholm (HedgeNordic) – In October of last year, Copenhagen-based HP Fondsmæglerselskab launched a hedge fund with a broader investment mandate than of their flagship fund HP Hedge Danish Bonds. The younger hedge fund called HP Hedge Fixed Income joins its sister fund in the Nordic Hedge Index (NHX).

HP Hedge Fixed Income predominantly invests in Danish and Swedish mortgage bonds, but can also invest in short- and medium-term European government and mortgage bonds. HP Hedge Danish Bonds, which just recently was recognized as Europe’s best fixed-income hedge fund of 2018 at the EuroHedge Awards, mainly focuses on Danish government and mortgage bonds. The younger hedge fund aims to exploit relative-value opportunities in European fixed-income markets, focusing on Nordic markets and bonds with high credit quality. HP Hedge Fixed Income is expected to return between four and seven percent in 2019, reflecting favorable funding rates.

“The main focus is on the Danish bond market,” portfolio manager Thomas Kjær tells HedgeNordic about the new fund. “Due to Danish bonds growing rich as foreign demand has been increasing, the Swedish fixed income market, whose mortgage bonds in risk terms are comparable to their Danish counterparts, has also been included,” he adds. “The fund is preparing to invest into the broader European fixed income market as well. The main incentive is that increased regulation of the financial sector in Europe is supposed to periodically increase volatility in financial markets and thus create opportunities to exploit exaggerated price movements,” concludes the portfolio manager.

HP Hedge Fixed Income is managed by a four-member portfolio management team led by Henrik Fournais, who currently serves as a portfolio manager and chief executive officer at HP Fondsmæglerselskab. Michael Nielsen, Thomas Loldrup Kjær, and Mark Gerts Rentzmann Jøns are the other three members of the portfolio management team. The same group is responsible for the day-to-day management of HP Hedge Danish Bonds, which generated an average compounded return of 8.8 percent per year since its inception in March 2007 and earned a cumulative return of 30 percent in the past three years alone.

 

Welcome to the Nordic Hedge Index (NHX)!

 

Picture © _docstockmedia—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

Formue Highlights Private Credit’s Role in New Economic Era

Nordic wealth manager Formue has long prided itself on delivering institutional-grade investment solutions to high-net-worth individuals. As global economic conditions shift, Formue sees an important role...

Chelonia Select Builds on Solid 2024

Stock-picking hedge fund Chelonia Select is off to a strong start in 2025 with an 8.3 percent gain through the end of May, building...

CABA Capital Expands the Flex Series

Danish fixed-income boutique CABA Capital has launched the third vintage of its leveraged, closed-end fixed income strategy: CABA Flex3. The fund aims to deliver...

Aegon AM Launches Capital Call Finance Fund

Aegon Asset Management has launched the Aegon Capital Call Finance Fund, providing institutional investors with access to the capital call finance market – a...

Evli’s Co-Investment Strategy: Opening the Door to Direct Private Equity Deals

Co-investing alongside private equity funds has become increasingly important for institutional investors seeking greater control, reduced fees, and selective deal exposure. Once reserved for...

From Loans to Layers: Navigating the CLO Capital Stack

Collateralized Loan Obligations (CLOs) play an important role in credit markets by bridging the capital needs of corporate borrowers with the return objectives of...

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.