- Advertisement -
- Advertisement -

Related

Danish Manager Broadens Mandate with New Launch

Latest 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

Finserve Global Security Fund Boosts Quant Edge with Martin Redgård

Under lead portfolio manager Joakim Agerback, the Finserve Global Security Fund has successfully capitalized on the global surge in defense, cybersecurity, and space investments...

Visio Allocator Storms Back After Difficult March

After posting the worst monthly performance in its 15-year history with a 13.7 percent decline in March, the team behind the multi-strategy Visio Allocator...

Sissener Expands Investment and Sales Teams with Senior Hires

Just months after bringing on Mads Andreassen as Investment Manager, Norwegian fund boutique Sissener AS continues to expand its team with two key additions....

Fenja Capital Deepens Bench as Analyst Moves to Full-Time Role

After earning his Master’s degree in Economics from Aalborg University, Anders Madsen has transitioned from a part-time role to a full-time analyst position at...

Accendo-Backed SSH Secures Major Investment from Leonardo

While public and policy discussions around defence often focus on conventional weapons, many of today’s most active and frequent battles are unfolding in cyberspace....

Swedbank Robur Strengthens Private Equity Team

Swedbank Robur has appointed Lorenzo Gregory Sormani as co-portfolio manager of its private equity fund, Swedbank Robur Alternative Equity I, joining Senior Portfolio Manager...

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.