- Advertisement -
- Advertisement -

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

- Advertisement -

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

RFP: Search for “Limited Loss” Strategies

Stockholm (HedgeNordic) – A German corporate investor is seeking to invest in at least one “limited loss” strategy, with a minimum allocation of €100...

Indecap and PriorNilsson to Unite Forces

Stockholm (HedgeNordic) – Swedish fund manager Indecap has announced the acquisition of fund boutique PriorNilsson Fonder, marking the beginning of a strategic collaboration set...

Benchmark-Plus High-Yield Investing at LD Pensions

Stockholm (HedgeNordic) – Danish pension fund LD Pensions manages two separate pension funds, each with different investment horizons. While the allocation across equities, investment-grade...

Small-cap Equities: Entering a Sweet Spot?

By Krzysztof Janiga, CFA, Senior Equity ETF Strategist at SPDR: As valuation levels in large caps became extreme, the market rally began to broaden...

Rhenman’s Healthcare Fund Transitions to Article 8 Classification

Stockholm (HedgeNordic) – Since its inception in mid-2009, the Rhenman healthcare fund has focused on investing in healthcare companies, which contribute to at least...

The ART of Finding Right Tails

Stockholm (HedgeNordic) – Philosopher Nassim Nicholas Taleb coined the term ‘Black Swan’ to describe the tendency to underestimate the likelihood of extreme, hard-to-predict events,...

Allocator Interviews

Latest Articles

In-Depth: High Yield


Request for Proposal

- Advertisement -