- Advertisement -
- Advertisement -

Related

Nordic CTAs Give Up More Gains

Industry Report

- Advertisement -

Stockholm (HedgeNordic) – After advancing 6.6 percent during the summer, Nordic CTAs fell by 2.9 percent on average in September and an additional 2.7 percent in October (88 percent reported). Nordic CTAs, as expressed by the NHX CTA, are now up 1.2 percent in 2019 with two months to go the end of the year.

Last month, Nordic CTAs performed broadly in line with the world’s largest CTAs, but underperformed the broader CTA industry. The SG CTA Index, which reflects the performance of a pool of CTAs selected from the larger managers open to new investment, was down 2.4 percent in October. The 20-member SG CTA Index, which includes three members of the Nordic Hedge Index, gained 6 percent in the first ten months of 2019.

The Barclay BTOP50 Index, which tracks a similar group of large investable CTAs, fell by 2.6 percent last month, cutting the group’s year-to-date performance to 6.4 percent. The broader Barclay CTA Index, comprised of over 500 CTAs, fell by only 0.6 percent in October based on reported data from 63 percent of index constituents. The Barclay CTA Index is up 4.9 percent year-to-date through October.

IPM Systematic Macro Fund, which employs a systematic, global macro approach to managed futures investing, was last month’s best-performing member of the NHX CTA with a return of 3.6 percent. The fundamentals-based macro fund gained 6.4 percent since the end of the summer, whereas the NHX CTA lost 5.5 percent during these two months. IPM Systematic Macro Fund’s strategy of serving as a diversifier to the primary source of diversification – trend-following CTAs – has proven effective.

Artificial intelligence-driven Innolab Capital Index gained 2.9 percent last month, which brought the fund’s performance for the year to 5.7 percent. IPM Systematic Currency Fund followed suit with a gain of 0.8 percent. The fund managed by Stockholm-based systematic asset manager Informed Portfolio Management (IPM) ranks as this year’s second-best performing member of the NHX CTA with year-to-date performance of 9.8 percent.

* No reported figures for October.

 

Image by Lorenzo Cafaro 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

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.