- Advertisement -
- Advertisement -

Fixed Income Funds Take Another Small Step Forward

- Advertisement -

Stockholm (HedgeNordic) – Nordic fixed-income hedge funds ended the first half of 2019 on a good note after gaining 0.6 percent on average in June (100 percent reported). The group of Nordic fixed-income funds, as expressed by the NHX Fixed Income, was up 3.8 percent in the first six months of the year.

Speedometer: The June performance of the NHX Fixed Income relative to its best and worst monthly performance since 2010. Source: HedgeNordic.

Nordic fixed-income hedge funds lagged their global peers last month and year-to-date. The Eurekahedge Fixed Income Hedge Fund Index, which reflects the performance of over 300 funds employing fixed-income strategies, gained 1.1 percent in June and 5.1 percent in the first half of 2019. The HFN Fixed Income (non-arbitrage) Index, which tracks the performance of fixed-income funds in eVestment’s hedge fund database, was up 1.2 percent last month and 4.8 percent in the first half of the year.

Chart by Visualizer

Two in every three members of the NHX Fixed Income posted gains for June. Two members of this strategy sub-category made last month’s list of top ten best performing members of the Nordic Hedge Index. Nykredit EVIRA Hedge Fund, which manages a leveraged portfolio on BBB- and BB-rated European corporate credit, advanced 7.5 percent last month. The month of June marked the fund’s best monthly performance on record since launching in September of 2017. Nykredit EVIRA gained 21.4 percent in the first six months of 2019, ending the first half of the year as the best performing member of the NHX Fixed Income and among the top five best performers in the Nordic Hedge Index.

Asgard Credit Fund, a Copenhagen-based hedge fund investing in corporate credit markets worldwide, booked a gain of 7.3 percent last month, which brought the fund’s performance for the first half of the year to 19.7 percent. Midgard Fixed Income Fund, meanwhile, gained 2.3 percent in June and 10.5 percent in the first half of 2019. The other two Asgard funds, Asgard Fixed Income Risk Premia and Asgard Fixed Income Fund, rounded up the top five list of best performers as both gained two percent last month.

Chart by Visualizer

 

Photo by Clem Onojeghuo on Unsplash

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 Articles

January: Mirror Image of 2022 for Nordic CTAs

Stockholm (HedgeNordic) – The average return of the eight “CTA” constituents of the Nordic Hedge Index that had positive performance in 2022 was 14.4...

Did Energy Prices Cause This Inflation Surge?

Copenhagen – (Jesper Rangvid): You often hear that soaring energy prices, caused by supply-chain disruptions resulting from the pandemic and the war in Ukraine,...

UB Launches Forest-Focused PE Fund

Stockholm (HedgeNordic) – United Bankers is launching a private equity fund investing in forest and bio-based industries. The fund, named UB Forest Industry Green...

Origo’s First Ten Years on (a) Quest

Stockholm (HedgeNordic) – Long/short equity fund Origo Quest is celebrating ten years of bargain hunting in the universe of Nordic small-cap stocks. After a...

The Cycle is Back and so is Active Investing

Stockholm (HedgeNordic) – The relationship between equities and bonds has traditionally been inverse, making bonds a leading choice as a diversifier to an equities...

Alcur’s Third Win in a Row

Stockholm (HedgeNordic) – Alcur Fonder’s first hedge fund, Alcur, has been named “Hedge Fund of the Year” by Swedish business magazine Privata Affärer for...

Latest

Most Popular This Week

Voices

Request for Proposal

- Advertisement -