- Advertisement -
- Advertisement -

Related

Nordic CTAs Caught Up in the Wrong Trends

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – Nordic trend-following hedge funds started off 2019 on the wrong foot, as both stock and crude oil prices reversed the negative trends shaping up in the latter part of last year. Nordic CTAs, as expressed by the NHX CTA, had the worst month of all sub-categories in January, falling 1.5 percent on average.

Speedometer: The January performance of the NHX CTA Index relative to its best and worst monthly performance since 2010. Source: HedgeNordic.

The world’s largest CTA vehicles did not enjoy a great start to the year either. The Société Générale CTA Index, which tracks the performance of the largest 20 CTAs in the world including three members of the Nordic Hedge Index (NHX), declined 1.9 percent in January. The Barclay BTOP50 Index, composed of a slightly different group of large CTA funds, fell 1.8 percent. The broader Barclay CTA Index, which incorporates 541 vehicles, was down an estimated 0.4 percent, based on data from 72 percent of the group.

One in every three members of the NHX CTA registered positive returns in January. IPM Systematic Currency Fund and Innolab Capital Index were two of the biggest gainers. IPM’s Systematic Currency strategy gained 4.5 percent, reflecting substantial gains from its developed markets currency portfolio. The vehicle’s short Swiss Franc (CHF) and long Pounds Sterling (GBP) positions were the main contributors to last month’s performance.

Innolab Capital Index, which uses an autonomous investment robot to predict market movements in major stock market indices, was up 3.2 percent last month. Estlander & Partners Presto, which employs systematic short-term trend-following models, gained 2.3 percent. Its short-term focus helped the fund gain 8 percent last year when most trend-followers struggled. Runestone Capital Fund, which invests in US equity index volatility on a one-day forward basis based on statistical probabilities, gained 1.2 percent in the first month of the year.

 

Picture © Ollyy—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

Ymer to Launch Fourth CLO Fund with Proven Strategy and Structure

Building on the track record of three previous credit funds, Swedish alternative credit specialist Ymer SC AB is preparing to roll out its fourth...

Quirky Questions for: Stefan Nilsson (Hedge Funds Club)

Not every conversation in the hedge fund world needs to revolve around alpha, Sharpe ratios, or fund flows. In the ongoing Quirky Questions series,...

Origo’s Johansson Returns to Sohn Conference with High-Conviction Pick

Swedish stock-picking boutique Origo Fonder is gaining fresh recognition following a strategic transformation, strong performance, and growing assets. The firm’s evolution into an “Origo...

Commodities Lift CTAs Amid Turmoil

In June 2025, the NHX CTA Index was up as losses in stocks and bonds were outweighed by profits in commodities, but briefly erupting...

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...

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.