- Advertisement -

Related

CTAs Extend Winning Streak in July

- Advertisement -

Stockholm (HedgeNordic) – After putting in a strong performance in June, trend-following CTAs continued their recovery in July. According to Lyxor’s latest weekly brief, CTAs gained 1.1 percent last week and 2.3 percent month-to-date.

“CTAs outperformed both last week and month-to-date,” writes Lyxor’s weekly brief, adding that “the strategy has benefited from central bank dovishness, which has fueled equity and bonds returns in recent months.” A group of 25 CTA funds tracked by Lyxor gained 10.5 percent year-to-date through the end of last week.

In June, Nordic CTAs booked the group’s best monthly performance since the beginning of 2018 after gaining 1.9 percent on average. With an average return of 2.4 percent in the first six months of 2019, Nordic CTAs also registered their second-best first half-year performance since 2008. Several Nordic CTAs continued to deliver strong gains in July.

Swedish-domiciled systematic fund Lynx (Sweden), the best performing member of the NHX CTA in the first half of 2019, gained 4.6 percent month-to-date through the end of last week. Lynx (Sweden) extended its year-to-date performance to 18.8 percent. RPM Galaxy, which was up 5.2 percent in June and down 2.6 percent in the first half of 2019, gained 10.2 percent month-to-date through the end of last week. RPM Galaxy is a multi-CTA fund that invests in large, established managers in the CTA space. Trend-follower SEB Asset Selection, meanwhile, advanced 3.0 percent month-to-date through the end of Monday this week.

 

Photo by Markus Spiske on Unsplash

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

€10 Million Mandate Up for Grabs in U.S. Equity Long/Short

A France-based investor is seeking a manager for a U.S.-focused equity long/short strategy, with an expected allocation of €10 million. According to a request...

Beyond 60/40, Part II: The Fourth Building Block

By Alexandra McGuigan, Head of APAC, Qblue Balanced: Over the past year, pension funds, sovereign investors and family offices across Asia-Pacific and Europe have...

Tidan Capital Adds Luca Moro as Senior Portfolio Strategist

Stockholm-based boutique Tidan Capital has appointed Luca Moro as Senior Portfolio Strategist, strengthening the team led by founders and portfolio managers Michael Falken and...

Axel Ekros: From Elite Rowing to Finding Opportunities in Nordic Equities

The next generation of portfolio managers often begins its journey away from the spotlight, developing investment skills as analysts before taking on portfolio responsibility....

Borea Opens Oslo Office as Expansion Continues

Bergen-based Borea Asset Management is expanding its presence in Norway with the opening of an office in Oslo and the appointment of two client...

The European SMID Opportunity Through Mind and Machine

By Fleura Shiyanova at Kepler Unigestion: European small- and mid-cap equities offer access to businesses at the centre of Europe’s investment priorities, yet many...

Allocator Interviews

Voices

Request for Proposal

- Advertisement -