- Advertisement -

Related

Nordic Multi-Strat HFs Post Best First Half in Over a Decade

Powering Hedge Funds

Stockholm (HedgeNordic) – Nordic multi-strategy hedge funds enjoyed their best first-half performance in over a decade after gaining 4.5 percent in the first six months of 2019. The NHX Multi-Strategy, the most diverse and inclusive strategy category in the Nordic Hedge Index, was up 1.6 percent in June (81 percent reported).

Speedometer: The June 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 remaining four strategy categories in the Nordic Hedge Index: equities, fixed income, CTAs, or funds of funds. Most members of this group invest across a range of asset classes and strategies to achieve their objectives.

Nordic multi-strategy hedge funds performed broadly in line with their international peers both in June and year-to-date. The Eurekahedge Multi-Strategy Index, which includes 265 multi-strategy funds, gained 2.0 percent in June, bringing the group’s performance for the first half of 2019 to 5.5 percent. The Barclay Multi-Strategy Index, meanwhile, was up 1.4 percent last month based on reported data from 38 funds. The Barclay index advanced 3.7 percent in the first half of 2019.

Three in every four members of the NHX Multi-Strategy, currently the best-performing strategy category in the Nordic Hedge Index this year, posted gains for June. Pacific Precious, a multi-strategy fund focused on precious metals, achieved its best monthly performance on record after gaining 7.2 percent in June. Both equity markets and traditional safe havens such as gold performed well in June, a rare occurrence in financial markets. The fund was up 9.5 percent in the first half of 2019.

Othania Invest, which uses a systematic model to allocate capital either into equity or bond exchange-traded funds depending on the degree of risk in equity markets for the month ahead, advanced 6.5 percent in June. The June performance took the fund’s return for the year further into positive territory at 7.7 percent.

Pacific Multi Asset, a multi-asset, multi-strategy fund under the umbrella of Pacific Fonder, also enjoyed its best monthly performance on record last month. The fund gained 5.6 percent in June and 7.7 percent in the first six months of 2019. SEB Diversified and Formuepleje Penta gained 5.5 percent and 5.2 percent last month, respectively.

 

Photo by Maarten van den Heuvel 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

AP3 Hires Lynx’s Mattias Sundbom as Head of Portfolio Strategy

After spending the past decade at some of Sweden’s largest systematic asset managers, most recently at Lynx Asset Management, Mattias Sundbom has now moved...

Colosseum’s Rollercoaster Start Gives Way to Strong Rebound

Early investors in the freshly launched Colosseum Global Alpha have experienced a rollercoaster ride in recent months, though the latest stretch has been largely...

Nordic CTAs Thrive in February’s Volatile Macro Landscape

February proved to be another favorable month for Nordic CTA managers, leaving CTAs as the best-performing sub-strategy in the Nordic Hedge Index so far...

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...

Allocator Interviews

In-Depth: Diversification

- Advertisement -

Voices

Request for Proposal

- Advertisement -