- Advertisement -
- Advertisement -

Related

Winners Lose and Losers Win

Industry Report

- Advertisement -

Stockholm (HedgeNordic) – This summer, Nordic CTAs recorded their best summer on record after gaining 6.6 percent on average during the past three months. The industry is in the midst of changing fortunes this month, as some of last month’s strongest performers are struggling in September and some of August’s laggards are performing strongly.

IPM Systematic Macro Fund, which employs a fundamentals-based systematic macro strategy, gained 4.8 percent month-to-date through September 15. The flagship strategy of Stockholm-based systematic asset manager Informed Portfolio Management (IPM) trimmed its year-to-date loss to 4.3 percent. IPM Systematic Currency Fund, meanwhile, gained 8.9 percent year-to-date through September 15 after advancing 3.0 percent in the first half of this month.

Trend-following fund Alfa Axiom gained 4.8 percent month-to-date through the end of Tuesday this week, recouping most of its 5.4 percent loss incurred in the first eight months of 2019. Whereas most Nordic CTAs enjoyed strong performance during the summer, Alfa Axiom was down 3.5 percent during the three summer months.

Most of this year’s strongest performers in the Nordic CTA industry are giving up gains in September. Multi-CTA fund RPM Galaxy, which was up 5.3 percent in the first eight months of 2019, fell 10.5 percent month-to-date through September 17. RPM Galaxy invests in a group of large, established CTA managers. RPM Evolving CTA Fund, which gained 19.2 percent during the three summer months and was up 17.6 percent in the first eight months of the year, is down 7.9 percent month-to-date through September 17.

Swedish-domiciled systematic fund Lynx (Sweden), which was the second best-performing member of the NHX CTA in 2019 at the end of August, fell by 7.5 percent this month through September 17. Lynx (Sweden) was up 29.3 percent year-to-date through the end of August.

SEB Asset Selection, a systematic trend-follower investing across four different asset classes, was down 5.3 percent month-to-date through September 17 after enjoying six consecutive months of positive returns. The fund managed by the SEB Global Quant Team led by Hans-Olov Bornemann was up 9.1 percent in the first eight months of 2019. SEB Asset Selection Opportunistic, a more aggressive version of SEB Asset Selection, fell 9.4 percent month-to-date. This fund gained 14.8 percent in the first eight months of the year.

 

Photo by Brendan Church 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

Formue Highlights Private Credit’s Role in New Economic Era

Nordic wealth manager Formue has long prided itself on delivering institutional-grade investment solutions to high-net-worth individuals. As global economic conditions shift, Formue sees an important role...

Chelonia Select Builds on Solid 2024

Stock-picking hedge fund Chelonia Select is off to a strong start in 2025 with an 8.3 percent gain through the end of May, building...

CABA Capital Expands the Flex Series

Danish fixed-income boutique CABA Capital has launched the third vintage of its leveraged, closed-end fixed income strategy: CABA Flex3. The fund aims to deliver...

Aegon AM Launches Capital Call Finance Fund

Aegon Asset Management has launched the Aegon Capital Call Finance Fund, providing institutional investors with access to the capital call finance market – a...

Evli’s Co-Investment Strategy: Opening the Door to Direct Private Equity Deals

Co-investing alongside private equity funds has become increasingly important for institutional investors seeking greater control, reduced fees, and selective deal exposure. Once reserved for...

From Loans to Layers: Navigating the CLO Capital Stack

Collateralized Loan Obligations (CLOs) play an important role in credit markets by bridging the capital needs of corporate borrowers with the return objectives of...

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.