- Advertisement -
- Advertisement -

Related

Approaching its 20-Year Anniversary

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – The original Lynx Fund launched in May 2000 was last year’s best-performing member of the NHX CTA after returning 15.4 percent for the year. The Swedish-domiciled systematic fund outperformed both local and international peers. “2019 was a very good year for CTAs, but even a better year for Lynx,” Svante Bergström (pictured), CEO and co-founder of Lynx Asset Management, said in a recent interview. “It was a fantastic year for us.”

Lynx (Sweden) uses both trend-following models and diversifying models to catch trends in various markets and reduce drawdowns in non-trending environments. “Two-thirds of the profits came from trend-following models and the last third from our diversifying models,” explains Bergström. The fact that Lynx (Sweden) is “more heavily relying on non-trend models” represents one possible reason as for why the fund outperformed peers last year. “The machine learning models that we have performed extremely well during the year,” emphasizes Bergström.

Discussing the sectors that contributed to last year’s performance, Bergström says that “we had a huge trend in fixed income markets in the first eight months or so, where we made a lot of money on falling interest rates globally.” Lynx (Sweden) was up over 29 percent in the first months of 2019. “Then that trend turned around after the summer,” says Bergström, adding that “we had to give back some of the profits in the sector.” Lynx (Sweden) also made some money in equity markets during the fall. “Then we lost money in commodities, where we had some nasty reversals,” explains Bergström.

Lynx (Sweden), the oldest running hedge fund in Sweden, will reach its 20th anniversary later this year. “That is something to be proud of,” Bergström comments on the 20-year track record and on holding the title of the oldest running Swedish hedge fund. “We are proud of what we have, and we are looking forward to the next 20 years,” he adds. Looking back at the inception of Lynx Asset Management two decades ago, the team was only comprised of three managers at the time. “Now we have a company with 80 people, most of whom are working on improving the investment process and coming up with new ideas.” Lynx Asset Management is a very different company now compared to 20 years ago and relies on a “much more sophisticated investment process,” according to Bergström.

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

Symmetry Grows Almost Tenfold in 5 Years, Surpasses DKK 1 Billion

A disciplined investment strategy, strong performance, an expanded team, and a more institutionalized setup have helped long/short equity fund Symmetry Invest surpass DKK 1...

Norron Select’s Rocky Start and Swift Recovery

Off to a strong start in January, long/short equity fund Norron Select faced a challenging February, March, and early April, with its year-to-date performance...

Varma’s Hedge Funds Show Steady Performance

The first half of 2025 was far from smooth sailing for investors, hedge fund managers included. Varma, Finland’s largest hedge fund investor, nevertheless reported...

Proxy P Sees Signs of a Paradigm Shift

After two challenging years and a rocky start to 2025, Proxy Renewable Long/Short Energy has posted a strong three-month rally, generating a cumulative return...

Quirky Questions for Eric Strand (AuAg Funds)

Not every hedge fund conversation has to center solely on strategy, returns, or market moves. In HedgeNordic’s Quirky Questions series, we explore the minds...

FE Select Hedge Fund Co-Manager Takes Helm at Humle Fonder

Swedish fund boutique Humle Fonder has named Mikael Löfdahl as CEO and co-portfolio manager alongside Petter Löfqvist. Löfdahl, a seasoned small-cap analyst and portfolio...

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.