- 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

Diversification That Comes From Somewhere Else

Insurance-linked investments offer something increasingly difficult to find in institutional portfolios: return drivers that are fundamentally different from those behind equities and bonds. At...

Reinforce, Don’t Replace: Carrying the 60/40 Through the Fragile Decade

By Steven Braun at Newfound Research and Return Stacked® Portfolio Solutions: Despite its ambiguous origins, the 60/40 remains the default portfolio for investors approaching...

Varma: Practical Considerations for Embracing a Total Portfolio View

Finland’s Varma is one of several large Nordic asset owners that has been moving towards a more holistic view of the portfolio – some...

Thinking Outside the 60/40 Box: How Active and Dynamic Commodities Can Complement Bonds

Bonds helped investors to diversify equity between about 2000 and 2021, which more than covers the entire career of many allocators. Since 2022 bonds...

60/40 – Don’t Count On It

By Harold de Boer at Transtrend: Cows produce milk. Every day again. That’s the fixed income for the dairy farmer. Bulls don’t produce milk....

Baillie Gifford: Emerging Markets Are Moving Beyond the Macro Cycle

For decades, emerging markets have largely been viewed through a macro lens: a bet on a weaker U.S. dollar, rising commodity prices and stronger...

Allocator Interviews

- Advertisement -

Voices

Request for Proposal

- Advertisement -