Facebook Twitter Instagram
    • About
    • Subscribe
    • Contact
    • Report Library
    • Manager Login
    Facebook Twitter LinkedIn RSS
    HedgeNordic
    • Home
    • Allocator Angle
    • Report Library
    • Nordic Hedge Award
      • Nominations 2021 Nordic Hedge Award
      • Rookie of the Year
      • Jury Board
      • Historic Winners
      • Statistics
    • Nordic Hedge Index
    • Webinars & Podcasts
    HedgeNordic

    Alfakraft Changes Course

    Eugeniu GuzunBy Eugeniu Guzun21/11/2019No Comments
    Facebook Twitter LinkedIn Email

    Stockholm (HedgeNordic) – Stockholm-based asset manager Alfakraft Fonder has switched directions and revamped its focus by temporarily shutting down the hedge fund business. The asset manager no longer manages any hedge funds after closing down three hedge funds and overhauling the strategy of a fourth fund, but the firm leaves a door open for managing hedge funds in the future. As part of a new journey, Alfakraft Fonder has opted to focus on a narrow range of unique investment strategies in the Swedish fund industry.

    Old Hedge Fund Business

    Alfakraft Fonder was founded in 1998 to focus on electricity trading. Around ten years later, the Stockholm-based firm decided to move in a different direction to focus on the management of quantitative hedge funds. The asset manager, however, no longer features any hedge fund products in its fund range.

    Trend-following Alfa Axiom Fund was closed down in mid-October after nine years since its launch in June of 2010. Thomas Stridsman had managed the fund since inception until he departed Alfakraft at the end of 2018. Despite enjoying a strong rookie year with a return of 21.4 percent in 2010, Alfa Axiom Fund suffered a lengthy period of poor performance. Alfa Quant Fund, which invested in Alfakraft Fonder’s single-strategy funds, was closed down during the summer after a period of underwhelming performance.

    Alfa Sigma Opportunities also no longer runs under the umbrella of Alfakraft Fonder. Daniel Dahlin and Oscar Hakenäs, the fund’s portfolio managers, took control of an existing AIF-licensed fund from Alfakraft in June of 2017 and started managing their strategy via the acquired fund. The duo, who employed a short-term model-driven trading strategy focused on global options and futures, plans to restart the fund with a different broker setup and custodian.

    Alfa Aktiv Fund, which used to trade futures on the OMX Stockholm 30 Index or similar index-linked securities, currently operates as an equity fund that invests in Swedish companies with a high proportion of women in leadership positions. The fund was renamed into “She Invest Sweden” and has been running the revamped strategy since mid-June of this year.

    Alfakraft’s New Direction

    After shutting down the hedge fund business, Alfakraft Fonder now focuses on offering investors a range of unique strategies. In addition to She Invest Sweden, the Stockholm-based asset management firm manages Fastighetsräntefonden, a fund that primarily invests in secured property loans. More specifically, the fund invests in Swedish high-yielding property-related loans with real estate mortgages as underlying securities.

    Alfakraft Fonder also plans to launch a systematic long-only equity fund that invests in 100 global stocks with the lowest correlation to the market. The fund is called GlobeCap 100 and aims to offer attractive risk-adjusted returns with low correlation to the broader equity market.

     

    Image by Kirk Fisher from Pixabay

    Share. Facebook Twitter LinkedIn Email
    Previous ArticleBrummer & Partners Joins Forces with SPP
    Next Article Low Fees, Strong Returns
    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.

    Related Posts

    One Nordic Cross Hedge Fund is Liquidating

    CTAs Starting Summer on a High Note

    Nordic Quant Funds Win Awards

    Add A Comment

    Leave A Reply Cancel Reply

    Time limit is exhausted. Please reload CAPTCHA.

    Most read today:
    • One Nordic Cross Hedge Fund is Liquidating
    • Janus Henderson Onboards Danske Bank’s EMD Team
    • Procrastinated Risk is Knocking on the Door
    • St. Petri Readying Launch of Long-Only Fund
    • AIFM Group Adds Art to Suite of Offerings
    • Head of Alts Jumps Ship to Join AP Pension
    • In-Depth: Inflation Protection

    Ukraine, Supply-Chain Shortages and Soaring Prices – Accelerators of Sustainable Development

    18/05/2022

    New Theme: Real Income Destruction

    17/05/2022

    Blockification

    16/05/2022

    The Inflation Puzzle

    12/05/2022
    Promotion:
    Video: Manager Interviews
    https://www.youtube.com/watch?v=tni7dQvQrmo

    Subscribe to our newsletter

    HedgeNordic: Your Single Access Point to the Nordic Hedge Fund Industry!

    Check your inbox now to confirm your subscription.

    Most read articles this week:
    • Janus Henderson Onboards Danske Bank’s EMD Team
    • One Nordic Cross Hedge Fund is Liquidating
    • AIFM Group Adds Art to Suite of Offerings
    • St. Petri Readying Launch of Long-Only Fund
    • Head of Alts Jumps Ship to Join AP Pension
    • Procrastinated Risk is Knocking on the Door
    • Recent
    • NHX
    • In Depth

    One Nordic Cross Hedge Fund is Liquidating

    30/06/2022

    St. Petri Readying Launch of Long-Only Fund

    29/06/2022

    AIFM Group Adds Art to Suite of Offerings

    29/06/2022

    Head of Alts Jumps Ship to Join AP Pension

    28/06/2022

    Month in Review – May 2022

    22/06/2022

    Month in Review – April 2022

    12/05/2022

    Follow Your Favourite Hedge Fund

    11/05/2022

    Month in Review – March 2022

    13/04/2022

    Ukraine, Supply-Chain Shortages and Soaring Prices – Accelerators of Sustainable Development

    18/05/2022

    New Theme: Real Income Destruction

    17/05/2022

    Blockification

    16/05/2022

    The Inflation Puzzle

    12/05/2022
    Newsletter Subscription:
    Most Recent Posts:

    One Nordic Cross Hedge Fund is Liquidating

    30/06/2022

    St. Petri Readying Launch of Long-Only Fund

    29/06/2022

    AIFM Group Adds Art to Suite of Offerings

    29/06/2022

    Head of Alts Jumps Ship to Join AP Pension

    28/06/2022

    Janus Henderson Onboards Danske Bank’s EMD Team

    27/06/2022
    Publisher

    Nordic Business Media AB
    Corporate No.: 556838-6170
    BOX 7285
    SE-103 89 Stockholm, Sweden

    VAT No.: SE-556838617001
    Tel.:+46 (0) 8 5333 8688
    Mob.: +46 (0) 7 06566688
    Email: info@hedgenordic.com

    STAY INFORMED

    HedgeNordic: Your Single Access Point to the Nordic Hedge Fund Industry!

    Subscribe to our newsletter:

    Check your inbox now to confirm your subscription.

    RSS Hedge Fund Job Digest
    • Fund Accountant 01/07/2022
    • Director of Business Development 01/07/2022
    • Assistant Fund Controller or Senior Associate 01/07/2022
    • Principal Technical Architect 01/07/2022
    • SQL Server DBA/Sybase ASE DBA 01/07/2022
    • Research Assistant - Equities 01/07/2022
    • Fund Accountant 01/07/2022
    • Associate - Investment and Operations 01/07/2022

    Copyright © 2022 Nordic Business Media AB

    © 2022 Nordic Business Media AB
    • About
    • Cookie Policy
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.

    We are using cookies to give you the best experience on our website.

    HedgeNordic
    Powered by  GDPR Cookie Compliance
    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.

    Strictly Necessary Cookies

    Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

    If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.