- Advertisement -
- Advertisement -

Related

Peak Global Macro Enjoying a Great August

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – After a challenging fourth quarter last year and an even more difficult start to 2019, systematic macro fund Peak Global Macro has finally turned performance around after enjoying several consecutive months of positive returns. The Stockholm-based systematic macro fund gained 5.3 percent month-to-date through August 27, after posting three straight months of positive returns.

The systematic macro strategy employed by Peak Global Macro is momentum-based and trend-following in nature. The fund’s investment approach, however, is not a traditional trend-following CTA strategy, according to chief investment officer Per Djerf (pictured), with the strategy relying on the fundamental valuation of asset classes in addition to price-based algorithms. Peak Global Macro’s approach combines price-based information with fundamental data to capture broader market trends in global equities, fixed income, currencies and commodities.

Peak Global Macro’s strategy is not designed to protect against a downside during volatile markets characterized by swift reversals in trends. That explains why Peak Global Macro lost 6.1 percent in the fourth quarter of last year, and an additional 8.4 percent and 3.3 percent in January and February of this year, respectively. “While it is correct that the strategy does not typically protect against “flash crash” scenarios, it is perfectly capable of delivering positive returns in down markets, as demonstrated in August,” Djerf tells HedgeNordic.

The month-to-date return of 5.3 percent brought the fund’s performance for 2019 into positive territory at 0.6 percent. According to Djerf, the August performance “has been driven primarily by bonds on the long side and commodities on the short side.” The performance from equities has been mixed in August, as equity markets remained prone to reversals.

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

Playing ‘Moneyball’ for Investors

Having managed the opportunistic hedge fund Pensum Global Opportunities under the Pensum Asset Management umbrella since 2022, Sector co-founder Peter Andersland has now established...

One Big Winner Lifts Accendo Into the Top Ten

When your portfolio holds six names, one big winner can move the needle in a major way. For Accendo Capital, September proved just that....

Slim Nordic Line-Up at HFM Awards

With Intelligence has revealed the shortlist for the HFM European Performance Awards 2025, featuring an unusually small number of Nordic hedge funds among this...

Record Gold, Rising Momentum

The NHX CTA Index gained in September 2025, supported by a broad-based trend environment. Most of the profits came from precious metals, as gold...

From Rocky Starts to Solid Returns and Milestones

Lynx Asset Management, best known for its flagship trend-following program Lynx, has in recent years expanded its product offering with the launch of Lynx...

Europe’s Infrastructure Transformation: Where the Smart Money is Going

Infrastructure is at the heart of Europe’s economic transformation. Richard Marshall, Head of Infrastructure Research at DWS, explores how subsectors like data centres, renewable...

Allocator Interviews

In-Depth: High Yield

Voices

Request for Proposal

- Advertisement -
HedgeNordic
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.