- Advertisement -

Related

Happy Times at Bodenholm

- Advertisement -

Stockholm (HedgeNordic) – Whereas European stocks were down 4.5 percent month-to-date through the end of last week, Stockholm-based long/short equity fund Bodenholm was up 4.2 percent mid-month. Bodenholm is now up 14 percent year-to-date through August 15.

Earlier this month, Bodenholm’s founder and Chief Investment Officer, Per Johansson (pictured), featured among the 50 rising fund managers in Tomorrow’s Titans report issued by the Hedge Fund Journal. The 50 managers in this report are rising stars who “are on the cusp of being, or have the potential to become, leading managers within their strategies” according to the opinion of the Hedge Fund Journal team.

Per Johansson’s profile in Tomorrow’s Titans 2019 report by the Hedge Fund Journal

Bodenholm gained 14 percent year-to-date through mid-August after advancing 4.2 percent month-to-date and 5.3 percent in May, the fund’s best monthly performance since launching in September 2015. The MSCI Europe Index, meanwhile, was up 6.6 percent this year through mid-August following a 4.5 percent-decline in the first half of this month. This year, Bodenholm is the second-best performing fund in the portfolio of funds backed by Brummer & Partners. Systematic trend-following fund Lynx is leading the pack with a year-to-date gain of 24.5 percent.

Commenting on the fund’s performance for the first half of August, Per Johansson tells HedgeNordic that “long positions in Adevinta (the spin-off from Schibsted), as well as US spin-offs IAA and Perspecta, have been positive contributors.” Short bets on Burford Capital and Danish companies ISS and Ambu also paid off. “The month is not over yet,” emphasizes Johansson.

Bodenholm employs a Europe-focused fundamental equity long/short strategy with a global mandate and maintains a concentrated portfolio of idiosyncratic ideas both on the long and short side using bottom-up stock selection. Bodenholm has a team dedicated to finding short positions comprised of four investment analysts and two forensic accountants.

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

AI Isn’t the Transformation. Your Hedge Fund Operating Model Is.

By Ashish Shrestha, Senior Solutions Consultant at MAIA Technology: Artificial intelligence is moving quickly from experimentation towards implementation across the hedge fund industry. For...

Volt Diversified Alpha Posts Second-Best Month

Volt Diversified Alpha Fund delivered an estimated 5.8 percent gain in August, its second-best monthly performance since launching in early 2017, as its systematic...

The Lifecycle of a Trade: Where Nordic Managers Win or Lose Their Edge

Placing the trade is the easy part, but it is only as good as everything around it. The edge is rarely won at the...

Diversification is Easy to Buy, Hard to Get: The Liquid Alternatives Test

By Luc Dumontier, CIO Global Asset Management, iM Global Partner: Rarely have global portfolios carried such concentrated exposure to a single bet. US equities...

Unlocking a Third Active Lever

By Steven Braun at Newfound Research and Return Stacked® Portfolio Solutions: Long-only active management traditionally has two levers for generating excess returns. The first...

Active and Alternative ETFs Gain Ground as Market Splits Between Cost and Value

The ETF market is entering a new phase in which growth is increasingly concentrated at opposite ends of the cost spectrum. While ultra-low-cost passive...

Allocator Interviews

In-Depth: Diversification

- Advertisement -

Voices

Request for Proposal

- Advertisement -