- Advertisement -
- Advertisement -

Related

Nordic CTAs Give Back Some Gains

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – After recording their best summer on record, Nordic CTAs were down 2.1 percent on average in September (81 percent reported) as the summer bond market rally changed course last month. Nordic CTAs are up 4.9 percent year-to-date through the end of September, giving up the position as the best-performing strategy category in the Nordic Hedge Index in 2019.

The world’s largest CTAs underperformed their Nordic peers last month. The SG CTA Index, which reflects the performance of a pool of CTAs selected from the larger managers open to new investment, fell by 3.2 percent in September. The 20-member SG CTA Index, which includes three members of the Nordic Hedge Index, gained 8.6 percent in the first three quarters of 2019.

The Barclay BTOP50 Index, which tracks a similar group of large investable CTAs, was down 3.1 percent last month, which trimmed its year-to-date performance to 9.1 percent. The broader Barclay CTA Index, comprised of over 500 CTAs, fell by only 1.0 percent in September based on reported data from 48 percent of index constituents. The Barclay CTA Index gained 6.7 percent in the first nine months of the year.

Trend-following fund Alfa Axiom Fund was last month’s best-performing member of the NHX CTA with a gain of 3.8 percent. Alfakraft’s fund was down 1.8 percent in the first three quarters of 2019. IPM Systematic Currency Fund followed suit with a monthly gain of 3.0 percent, which brought the fund’s year-to-date performance to 8.9 percent.

IPM Systematic Macro Fund, which employs a fundamentals-based systematic macro strategy, gained 2.7 percent in September. The flagship strategy of Stockholm-based systematic asset manager Informed Portfolio Management (IPM) is down 6.2 percent year-to-date through the end of September. Innolab Capital Index and Northern Star MG Relative Value were up 2.0 percent and 0.5 percent last month, respectively.

Note: Estlander & Partners Alpha Trend II – Class P, Shepherd Energy Portfolio and Volt Diversified Alpha Fund have yet to report their September return figures.

 

Image by Bruno Glätsch from Pixabay

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

Origo’s Johansson Returns to Sohn Conference with High-Conviction Pick

Swedish stock-picking boutique Origo Fonder is gaining fresh recognition following a strategic transformation, strong performance, and growing assets. The firm’s evolution into an “Origo...

Commodities Lift CTAs Amid Turmoil

In June 2025, the NHX CTA Index was up as losses in stocks and bonds were outweighed by profits in commodities, but briefly erupting...

Finserve Global Security Fund Boosts Quant Edge with Martin Redgård

Under lead portfolio manager Joakim Agerback, the Finserve Global Security Fund has successfully capitalized on the global surge in defense, cybersecurity, and space investments...

Visio Allocator Storms Back After Difficult March

After posting the worst monthly performance in its 15-year history with a 13.7 percent decline in March, the team behind the multi-strategy Visio Allocator...

Sissener Expands Investment and Sales Teams with Senior Hires

Just months after bringing on Mads Andreassen as Investment Manager, Norwegian fund boutique Sissener AS continues to expand its team with two key additions....

Fenja Capital Deepens Bench as Analyst Moves to Full-Time Role

After earning his Master’s degree in Economics from Aalborg University, Anders Madsen has transitioned from a part-time role to a full-time analyst position at...

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.