- Advertisement -
- Advertisement -

Related

Ugly October for Nordic CTAs

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – 2019 had been a good year for Nordic CTAs until the end of the summer. After Nordic CTAs fell 2.9 percent on average in September, early estimates are showing that October could turn out to be slightly more painful for the group. Global CTA indices depict a similar development for the entire trend-following industry.

 

SEB Asset Selection, a systematic trend-follower that invests across four different asset classes, was down 3.7 percent month-to-date through October 30. The fund managed by the SEB Global Quant team led by Hans-Olov Bornemann was up 5.6 percent in the first three quarters of 2019. SEB Asset Selection Opportunistic, a more aggressive version of SEB Asset Selection, fell by 6.9 percent this month through the end of Wednesday of this week.

RPM Evolving CTA Fund, which invests in a select group of CTAs that are in their so-called evolving phase, was down 6.8 percent month-to-date through October 29. RPM Galaxy, RPM’s multi-CTA fund investing in a group of large and established CTA managers, fell by 4.9 percent over the same period. In the first three quarters of the year, RPM Evolving CTA Fund was up 10.6 percent while RPM Galaxy was down 2.1 percent.

Systematic trend-following fund Lynx (Sweden), the best-performing member of the NHX CTA in the first three quarters of 2019 with a gain of 23.2 percent, fell by 6.4 percent month-to-date through October 30. On October 1, Lynx Asset Management launched Lynx Constellation, a systematic fund designed to exhibit low correlation with both traditional markets such as equities and bonds and trend-following strategies.

IPM Systematic Macro Fund, a systematic and fundamentals-focused macro strategy not based on trends typical CTAs seek to exploit, had a strong October. The flagship strategy of Stockholm-based systematic asset manager, Informed Portfolio Management (IPM), gained an estimated 3.6 percent month-to-date through October 29.

Trend-following Alfa Axiom Fund, which is part of the 16-member NHX CTA, ceased to operate earlier this month.

Image by Yuri_B 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

Pasi Havia Bids Farewell to HCP, Quant Strategy Carries On

After more than a decade at Helsinki Capital Partners (HCP), portfolio manager Pasi Havia has stepped down from his role, leaving behind the management...

Fresh Talent, New Funds: ALCUR Expands Reach in Retail Segment

After a wave of portfolio manager hires earlier this year, stock-picking fund boutique ALCUR Fonder is preparing to launch several new funds aimed at...

Quirky Questions for Kathryn Kaminski (AlphaSimplex)

Not every hedge fund conversation needs to revolve around performance charts or trade execution. In HedgeNordic’s Quirky Questions series, we look beyond the strategies to the...

Active Decisions in Passive Wrappers: Othania on ETF Innovation

Founded in early 2016 by brothers Vincent Dilling-Larsen and Christian Mørup-Larsen, Danish fund boutique Othania built its foundation on a proprietary risk model, “Tiger,”...

Rettig Appoints Crescit Manager to Oversee Hedge Fund Strategies

Simon Borgefors has joined Finnish family-owned investment company Rettig as Investment Director for hedge fund strategies in Stockholm, leaving Swedish hedge fund boutique Crescit...

€5m Ticket to Nordic High Yield From German Family Office

A German family office plans an initial €5 million commitment to a UCITS‑compliant Nordic high‑yield fund, with capacity to scale over time. According to...

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.