- Advertisement -

Related

Nordic Fixed-Income HFs End Losing Streak

- Advertisement -

Stockholm (HedgeNordic) – After three consecutive months of losses, Nordic fixed-income hedge funds experienced one of the best months in nearly two years last month. The NHX Fixed Income gained one percent (84 percent reported) in January.

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

International fixed-income hedge funds, as expressed by the Eurekahedge Fixed Income Hedge Fund Index, enjoyed their best month in the past seven years. The Eurekahedge index, which reflects the collective performance of 312 global fixed-income hedge funds, advanced two percent in January. The index was flat last year, whereas the NHX Fixed Income declined 0.4 percent during the year.

Almost the entire universe of Nordic fixed-income hedge funds posted gains in January, but there was one fund that stood out from the crowd. Nykredit EVIRA Hedge Fund, a fund that maintains a concentrated portfolio of lower-rated European corporate bonds of strong companies with improving credit quality, recovered some of the losses incurred during 2018 after gaining 7.4 percent in January. Nykredit EVIRA, which lost 16.7 percent last year, rose 8.6 percent year-to-date through February 5.

Three fixed-income hedge funds managed by Danske Bank Asset Management and one vehicle managed by Nordic Cross Asset Management, namely Nordic Cross Credit Edge, completed last month’s list of top performers in the fixed-income category. Danske Invest Fixed Income Relative Value and Danske Invest Fixed Income Global Value gained 2.2 percent and 1.8 percent last month, correspondingly.

 

Picture © mark-higgins—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

Operational Challenges in Asset Management: Insights From Roundtable Discussion

Running a hedge fund has never been just about managing investments. For emerging and established managers alike, building an efficient, resilient and scalable operating...

Nordic CTAs Give Back Gains After Strong Late-Summer Run

After two particularly strong months in August and September, the NHX CTA Index took a breather in October, posting a loss as setbacks in...

Fenja Capital Hires Investment Manager to Pursue European Opportunities

Danish boutique Fenja Capital, which specializes in providing tailored financing solutions to listed micro-, small- and mid-cap companies in a market-neutral setting, has strengthened...

Private Companies Outlook: Growth Beyond Buyout and Venture

By Brian Kelly at Baillie Gifford: Most private equity outlooks focus on expected returns, distributions, continuation funds, private credit and, more recently, the ‘SaaSpocalypse’1....

Gersemi Shipping Rallies on Shift Towards Short-Term Trading

After a challenging first eight months of the year, Joakim Hannisdahl’s shipping-focused long/short equity fund, Gersemi Shipping Fund, has staged a strong recovery since...

Choosing the Deals, Reducing the Fees: Evli’s Approach to Co-Investing

A more challenging private equity fundraising environment is creating opportunities for co-investors, as managers increasingly turn to investors to help finance individual deals. For...

Allocator Interviews

Voices

Request for Proposal

- Advertisement -