- Advertisement -
- Advertisement -

Nordic Fixed-Income HFs End Losing Streak

Report: Systematic Strategies

- 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

Nordic Investors Join Call for Hedge Funds to Implement Cash Hurdles

Stockholm (HedgeNordic) – A coalition of institutional investors, led by the Teacher Retirement System of Texas, is gaining more support, including from Nordic investors,...

How to Make Sure Your Hedge Fund Portfolio Will Disappoint

Stockholm (HedgeNordic) – Investors typically invest in hedge funds for diversification, uncorrelated returns, and ideally, attractive returns. However, the hedge fund industry has evolved...

New High in Hedge Fund Assets

Stockholm (HedgeNordic) – The global hedge fund industry’s assets continued their upward trajectory for the seventh consecutive quarter, surpassing the previous high of $4.3...

Leadership Changes at AMF

Stockholm (HedgeNordic) – Swedish occupational pension fund AMF is set for a leadership change, appointing its head of asset management, Tomas Flodén, as the...

Ridge Capital Expands Team After Hitting €100 Million Milestone

Stockholm (HedgeNordic) – With its unconventional high-yield bond strategy now exceeding €100 million in assets under management, Ridge Capital is expanding its portfolio management...

“7 Years, Niller, Then You Know a Thing or Two”

Stockholm (HedgeNordic) – There is a Danish saying that goes, “7 years, Niller, then you know a thing or two,” suggesting that seven years...

Allocator Interviews

In-Depth: High Yield

Voices

Request for Proposal

- Advertisement -