- Advertisement -

Related

Nordic Multi-Strat HFs Enjoying Best 4-Month Start in a Decade

Powering Hedge Funds

Stockholm (HedgeNordic) – Nordic multi-strategy hedge funds gained 4.4 percent in the first four months of 2019, representing the group’s best first four months in more than a decade. The NHX Multi-Strategy, which is the most diverse and inclusive strategy category in the Nordic Hedge Index, gained 0.9 percent in April (93 percent reported).

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

The NHX Multi-Strategy includes Nordic hedge funds that cannot be easily assigned to any of the four strategy categories in the Nordic Hedge Index: equities, fixed income, CTAs, or funds of funds. Most members of this group, however, are hedge funds that invest across a range of asset classes and strategies to achieve their objectives.

Nordic multi-strategy hedge funds have performed broadly in line with their international peers so far this year. The Eurekahedge Multi-Strategy Index, which includes 276 multi-strategy hedge funds, was up 0.7 percent in April and gained 4.3 percent in the first four months of 2019. The Barclay Multi-Strategy Index, meanwhile, gained 0.8 percent last month based on reported data from 116 funds. The Barclay index advanced 4.1 percent in the first four months of the year.

Three in every four members of NHX Multi-Strategy posted gains for April. Carve 2, an equity and credit hedge fund backed by Brummer & Partners, was last month’s best-performing member of the group with a gain of 5.3 percent. The absolute return fund is up 1.8 percent in the first four months of 2019.

Formuepleje Penta, an asset allocation hedge fund allocating between bonds and equities, gained 4.4 percent in April, extending its year-to-date performance to 25.1 percent. Othania Invest, which uses a systematic model to allocate capital either into equity or bond exchange-traded funds, followed suit with a 3.8 percent return in April. The Othania fund is up 8.3 percent year-to-date. Formuepleje Epikur and SEB Diversified were both up 3.6 percent last month.

 

Picture © PsychoShadow—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

Core, Satellite, and Structural Premiums: PensionDanmark’s Approach to Emerging Market Debt

Many institutional investors have gradually internalized mandates once awarded to external managers, seeking tighter cost control, greater transparency, and improved alignment. Emerging market debt...

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,...

Allocator Interviews

In-Depth: Diversification

- Advertisement -

Voices

Request for Proposal

- Advertisement -