- Advertisement -
- Advertisement -

Nordic Fixed-Income HFs Continue Good Run

- 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.

Chart by Visualizer

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.

Chart by Visualizer

 

Picture © shutterstock

close

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

Most Popular This Week

Voices

Request for Proposal

- Advertisement -

Latest Articles

Brummer Multi-Strategy Navigates 2022’s “Perfect” Storm

Stockholm (HedgeNordic) – 2022 experienced a “perfect” inflation storm due to an unprecedented amount of monetary and fiscal policy stimulus during the pandemic, war,...

Dream Comes True for Grönblom

Stockholm (HedgeNordic) – Ernst Grönblom had been running his high-conviction strategy of cherry-picking the stock market’s undervalued future winners under the umbrella of United...

Boarding the Broader Alternatives Ship

Stockholm (HedgeNordic) – Tore Davidsen, portfolio manager of SEB Eureka Fixed Income Relative Value since its launch in 2018, will join BankInvest as Senior...

Year of Stabilization of Interest Rates

By Kari Vatanen, CIO of Veritas: The year 2022 was a year of negative surprises in the investment markets and in the global economy. Hopes...

Playing Offense in the Net-Zero Transition

Stockholm (HedgeNordic) – The world’s adoption of cleaner energy had been ongoing prior to Russia unleashing war in Ukraine. The war and its consequences...

Resscapital’s Key Appointment in Pursuit of Awareness

Stockholm (HedgeNordic) – To capitalise on strong performance and continued asset growth in 2022, Resscapital made a key appointment to its investor sales and relations...