- Advertisement -
- Advertisement -

Related

Nordic Fixed-Income HFs Continue Good Run

Latest Report

- Advertisement -

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

Mapping the Finnish Hedge Fund Landscape

Beyond operating as a media platform, HedgeNordic maintains an extensive database of Nordic hedge funds and related data. Although the data is not without...

Quirky Questions for Serge Houles (Tidan Capital)

Not every conversation in the hedge fund world needs to revolve around alpha, Sharpe ratios, or fund flows. In the ongoing Quirky Questions series,...

Quirky Questions for Mette Østerbye Vejen (Caba Capital)

Not every conversation in the hedge fund world needs to revolve around alpha, Sharpe ratios, or fund flows. In the ongoing Quirky Questions series,...

Solid First-Half Finish for Nordic Hedge Funds

Nordic hedge funds wrapped up the first half of the year on a solid note, delivering an average gain of 1.4 percent in June....

Brevan Howard Winds Down Volatility Fund Managed by Ville Helske

Brevan Howard Asset Management is winding down a volatility-focused hedge fund run by high-profile Finnish portfolio manager Ville Helske. Helske, formerly Head of Allocation...

Ymer to Launch Fourth CLO Fund with Proven Strategy and Structure

Building on the track record of three previous credit funds, Swedish alternative credit specialist Ymer SC AB is preparing to roll out its fourth...

Allocator Interviews

In-Depth: High Yield

Voices

Request for Proposal

- Advertisement -
HedgeNordic
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.