- Advertisement -
- Advertisement -

Related

Nordic Fixed-Income HFs End Losing Streak

Report: Alternative Fixed Income

- 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

Asilo Argo Shifts Portfolio Focus Toward AI

Stockholm (HedgeNordic) – At Asilo Argo, portfolio managers Ernst Grönblom and Henri Blomster employ a high-conviction strategy aimed at identifying “future superstar” stocks. With...

Tessin Doubles Stake in Alfakraft Fonder

Stockholm (HedgeNordic) – Tessin, a Swedish digital investment platform for real estate financing, has agreed to double its stake in alternative asset manager Alfakraft...

Tech Power-Up for Tidan with CTO Appointment

Stockholm (HedgeNordic) – Tidan Capital has transformed from a single-strategy fund into a multi-fund boutique, a shift that demands robust technology infrastructure. To support...

Five Years In: From Quiet Start to Strong Finish

Stockholm (HedgeNordic) – Nordea Asset Management’s Copenhagen-based office is home to a team of portfolio managers and analysts dedicated to capturing relative-value opportunities in...

Month in Review – November 2024

Stockholm (HedgeNordic) – As the year approaches its end, the Nordic hedge fund industry is on track for its third-best performance on record and...

Origo Fonder Shifts Gears with Per Johansson as Co-CIO

The summer of 2024 brought an injection of momentum for fund boutique Origo Fonder, as Bodenholm founder Per Johansson joined as Co-Chief Investment Officer...

Allocator Interviews

In-Depth: Megatrends

Voices

Request for Proposal

- Advertisement -