- 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

OP’s R2 Crystal Sees Stronger Case for Hedge Funds

For much of the past decade, hedge funds struggled to compete against strong beta-driven markets fueled by ultra-low interest rates and abundant liquidity. But...

Three Years In, Impega’s Formula Remains Agility

Equity hedge fund Impega marked its three-year anniversary this May, concluding the period with annualized returns of approximately 35 percent. According to founder and...

Protean Select Hits SEK 1 Billion Capacity Ceiling

Just months after reducing the capacity of Protean Select to SEK 1 billion, Protean Funds Scandinavia has reached the threshold and decided to suspend...

Qblue and Mandatum Recognized at CTA and Discretionary Awards

Two Nordic hedge funds have been recognized at the CTA and Discretionary Trader Awards 2026, organized by The Hedge Fund Journal. Qblue Balanced’s Qblue...

CTAs and Alpha Generation: Is Efficient Implementation the Answer?

By Andrew Beer, Co-Founder of DBi: After a decade of studying CTAs, we have drawn three conclusions about the nature of their alpha generation. At the...

“There Are Weeks When Decades Happen”: Asilo’s Best Month Since Launch

As the saying often attributed to Vladimir Lenin goes, “There are decades where nothing happens; and there are weeks when decades happen.” That is...

Allocator Interviews

In-Depth: Diversification

- Advertisement -

Voices

Request for Proposal

- Advertisement -