- Advertisement -
- Advertisement -

Multi-Strat Funds Cement Leading Position

- Advertisement -

Stockholm (HedgeNordic) – Nordic multi-strategy hedge funds gained 1.4 percent in July (86 percent reported), cementing their position as this year’s best performing strategy group in the Nordic Hedge Index. The NHX Multi-Strategy, the most diverse and inclusive strategy category in the Nordic Hedge Index, is up 5.7 percent year-to-date through the end of July.

Speedometer: The July 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 other 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 outperformed their international peers last month. The Eurekahedge Multi-Strategy Index, which includes 268 constituents, was up 0.9 percent in July and 6.3 percent in the first seven months of 2019. The Barclay Multi-Strategy Index gained 0.6 percent last month, which brought its year-to-date performance to 4.2 percent.

Chart by Visualizer

Most members of the NHX Multi-Strategy posted gains for July. Pacific Precious, a multi-strategy fund focused on precious metals, was the best performing member of the group for a second consecutive month. In June, Pacific Precious achieved its best monthly performance on record with a gain of 7.2 percent. The fund is up 15.1 percent year-to-date through the end of July.

Evli Factor Premia, which employs global systematic market-neutral factor strategies across multiple asset classes, booked a 4.8 percent-gain last month. The fund was up 9.4 percent in the first seven months of 2019. SEB Diversified, a fund that targets absolute returns and invests in all major asset classes, returned 18.8 percent year-to-date through the end of July after gaining 4.1 percent in July alone. Investin Othania Etisk Formuevækst and Carve 2 were up 3.4 percent and 3.0 percent last month, respectively.

Chart by Visualizer


Photo by JESHOOTS.COM 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


Most Popular This Week

Request for Proposal

- Advertisement -

Latest Articles

Round Table: ETFs & Asset Management

Stockholm (HedgeNordic) – At a round table discussion that took place in Stockholm on October 17, asset managers and ETF providers discussed and answered...

Nordic Managers Win EuroHedge Nominations

Stockholm (HedgeNordic) – With Intelligence has released the first round of nominations for the EuroHedge Awards 2022, with the list featuring seven Nordic hedge...

Expected 75 Point Hike in Riksbank Rate

Stockholm (HedgeNordic) – Sweden’s Riksbank raised the key interest rate by an expected 75 basis points to 2.5 percent, the highest level since 2008....

The Age of Macro is Back

Stockholm (HedgeNordic) – In recent years, fixed-income macro managers such as Carlsson Norén have struggled to deliver attractive absolute returns in a low-volatility environment...

Man AHL Launches its First Systematic Article 9 Fund

Stockholm (HedgeNordic) – Man Group’s quantitative investment arm and engine, Man AHL, has launched the asset manager’s first systematic Article 9 fund. Relying on...

Corporate Bonds are Very Attractive Finds Atlant Fonder

Stockholm (HedgeNordic) – This year’s broad sell-off in the bond market due to aggressive monetary tightening in the fight against inflation may have investors...