- Advertisement -

Related

Nordic Fixed-Income HFs Continue Good Run

Powering Hedge Funds

Stockholm (HedgeNordic) – Nordic fixed-income hedge funds gained 0.9 percent on average last month (100 percent reported), the fourth consecutive month of positive returns following a three-month string of losses. The group of fixed-income funds, as expressed by the NHX Fixed Income, gained 3.7 percent in the first four months of the year.

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

Nordic fixed-income hedge funds performed broadly in line with their global peers last month and year-to-date. The Eurekahedge Fixed Income Hedge Fund Index, which reflects the performance of 326 global fixed-income hedge funds, was up 0.8 percent in April and gained 3.9 percent in the first four months of 2019. The HFN Fixed Income (non-arbitrage) Index, which tracks the performance of fixed-income funds in eVestment’s database of hedge funds, gained 0.7 percent last month and 3.6 percent in the first four months of the year.

Most members of the NHX Fixed Income posted gains for April, with Nykredit EVIRA Hedge Fund topping last month’s performance chart. Nykredit EVIRA, which harvests credit risk premia in European corporate bonds, was up 6.6 percent in April, extending this year’s gains to 18.7 percent. The young Nykredit fund more than recouped its 16.7 percent decline last year, which reflected a sharp expansion in credit spreads.

Midgard Fixed Income Fund, meanwhile, advanced 3.4 percent last month, taking the fund’s year-to-date performance to 10.6 percent. Asgard Credit Fund, which harvests credit risk premia in the lower end of the investment grade spectrum and the higher end of the high-yield spectrum, closely followed suit with a gain of 2.7 percent. The Asgard fund is up 17.4 percent in the first four months of 2019. Nordic Cross Credit Edge and Nykredit KOBRA Hedge Fund were up 1.5 percent and 1.3 percent last month, respectively.

 

Picture © 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

PIMCO: Similar Yields, Better Risk Profile in European High Yield

The U.S. high yield market has long been regarded as the global benchmark: deeper, more liquid, and broader in sector composition. For many allocators,...

Avoiding the Echo Chamber: Kraft’s Playbook in Tighter High-Yield Market

Delivering strong returns during a market rebound is one thing. Preserving performance momentum once spreads tighten and dispersion fades is another. That was the...

Tidan Deepens Volatility Arbitrage Expertise

Tidan Capital has strengthened its volatility and options arbitrage platform with the appointment of Laurent Keller as Senior Portfolio Manager. The Stockholm-based hedge fund...

Two Brothers, One Model, Ten Years: The Evolution of Othania

Exactly ten years ago, two brothers on the outskirts of Copenhagen set out to build their own asset management firm. Their idea was straightforward...

Rare Valuation Gap Between Small and Large Caps

Over the past five years, Swedish small caps have oscillated between a 10 percent premium and a 10 percent discount relative to large caps,...

Protean Eyes Sweet Spot Between Active and Passive in Global Equities

In the second half of 2026, Swedish stock-picking boutique Protean Funds plans to launch a Global Aktiesparfond, a low-cost, actively managed global equity fund...

Allocator Interviews

In-Depth: Diversification

- Advertisement -

Voices

Request for Proposal

- Advertisement -